Mastercraft Boat Holdings Inc (MCFT) |
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Price: $21.7300
$0.89
4.271%
|
Day's High:
| $21.76
| Week Perf:
| 2.84 %
|
Day's Low: |
$ 20.77 |
30 Day Perf: |
-1.54 % |
Volume (M): |
169 |
52 Wk High: |
$ 32.95 |
Volume (M$): |
$ 3,670 |
52 Wk Avg: |
$24.70 |
Open: |
$20.77 |
52 Wk Low: |
$19.22 |
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Market Capitalization (Millions $) |
374 |
Shares
Outstanding (Millions) |
17 |
Employees |
470 |
Revenues (TTM) (Millions $) |
597 |
Net Income (TTM) (Millions $) |
73 |
Cash Flow (TTM) (Millions $) |
-17 |
Capital Exp. (TTM) (Millions $) |
29 |
Mastercraft Boat Holdings Inc
We are a world-renowned innovator, designer, manufacturer, and marketer of
premium performance sport boats, with a leading market position in the U.S.,
a strong international presence, and dealers in 40 countries around the world.
Our boats are used for water skiing, wakeboarding, and wake surfing, as well
as general recreational boating. We believe that MasterCraft is the most recognized
brand name in the performance sport boat category. Founded in 1968, we have
cultivated our iconic brand image through a rich history of industry-leading
innovation, which has led to numerous industry achievements, awards, and accolades.
Our robust product portfolio of performance sport boats is manufactured to the
highest specifications in quality, performance, and styling.
We are committed to delivering an extraordinary boating experience to our customers.
From pioneering innovations that improve enjoyment on the water to offering
products that promote rapid development of skills, our mission is to help our
customers generate memories that will last a lifetime. We utilize a comprehensive
product development process in order to build the most relevant and exciting
products for our customers, year after year. We believe that our commitment
to quality is unsurpassed in the performance sport boat category, and we engage
in operational excellence to deploy flexible and effective production systems
that ensure we design and build the highest quality boats in the market.
Over the past 40 years, we have been a leading and consistent innovator in the
boating industry, beginning in 1968 with our first custom hull ski boat. We
have been the first to market with numerous innovations, including the first
swim platform in 1976, the patented wearguard ski pylon in 1989, a V-drive drivetrain
and a dedicated wakeboard-specific boat in 1996, a now popular pickle-fork style
bow in 2003, a twin V-drive engine in 2004, wake and surf shaping devices in
2009 and our patented Gen 2 fully integrated surf system in 2013. Each of these
pioneering introductions has allowed our customers to more fully enjoy the ultimate
water skiing, wakeboarding, wake surfing, and on-the-water recreational experience
that our boats provide. Throughout our history, our boats have received numerous
industry awards for product innovations, including recent National Marine Manufacturers
Association (“NMMA”) Innovation Awards for our ProStar water skiing
boat, Gen 2 integrated surf system and X23 performance tow boat. These MasterCraft
products won three of the combined six Innovation Awards for the performance
sport boat category presented by the NMMA at the 2014 and 2015 Miami Boat Shows.
Our MasterCraft-branded portfolio of Star Series, XSeries, and NXT boats are
designed for the highest levels of performance, styling, and enjoyment for both
recreational and competitive use. The Star Series and XSeries are geared towards
the consumer seeking the most premium and highest performance boating experience
that we offer, and generally command a price premium over our competitors’
boats at retail prices ranging from approximately $60,000 to $150,000. Unveiled
in January 2014, the all-new MasterCraft NXT line introduces the quality, performance,
styling, and innovation of the MasterCraft brand to the entry-level consumer,
with retail prices ranging from approximately $50,000 to $75,000. We have strategically
designed and priced the MasterCraft NXT line to target the fast-growing entry-level
customer group that is distinct from our traditional customer base, while maintaining
our core MasterCraft brand attributes at profit margins comparable to our other
offerings.
All of our boats, from hull to upholstery, are hand-crafted by our skilled workforce
at our corporate headquarters near Knoxville, Tennessee. We use only the highest
quality materials from industry-preferred suppliers and all of our boats are
extensively tested on the water at our state-of-the-art facility prior to sale.
In recent years, we have made significant investments in improving design, engineering,
manufacturing, and operational processes as we strive to be the most efficient
performance sport boat manufacturer in the industry. We are the only boat manufacturer
to achieve compliance with all three of the ISO 9001 (Quality Management Systems),
14001 (Environmental Management Systems), and 18001
(International Occupational Health and Safety Management System) standards.
Our industry-leading operations result in world-class quality, which enables
us to offer a best-in-class five-year factory warranty and results in MasterCraft
boats typically maintaining higher aftermarket resale value than our competitors’
boats.
We sell our boats through an extensive network of independent dealers in North
America and internationally. We partner with 90 North American dealers with
129 locations and 45 international dealers with 54 locations throughout the
rest of the world. Our boats are the exclusive performance sport boats offered
by the majority of our dealers. We devote significant time and resources to
find, develop, and improve the performance of our dealers, over 75% of which
are in the top three performance sport boat dealers in their respective U.S.
markets. We continuously cultivate and strengthen our dealer relationships with
marketing, training, and service programs designed to increase our dealers’
sales and profitability. We believe the strength of our dealer network and our
proactive efforts to help our dealers improve their businesses give us a distinct
competitive advantage in our industry.
Company Address: 100 Cherokee Cove Drive Vonore 37885 TN
Company Phone Number: 884-2221 Stock Exchange / Ticker: NASDAQ MCFT
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Stock Performances by Major Competitors |
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Management Changes
Published Mon, Mar 4 2024 1:30 PM UTC
MasterCraft Boat Holdings, Inc., a leading manufacturer of recreational boats, recently unveiled its strategic leadership succession plan, appointing Brad Nelson as the new CEO, effective March 18, 2024. This development comes at a critical time for the company as its stock lingers just 14.3% above its 52-week low. While MasterCraft recorded a solid return on avera...
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Mastercraft Boat Holdings Inc
Mastercraft Boat Holdings Inc Reports Improved Income Despite Declining Revenue VONORE, Tenn. - Mastercraft Boat Holdings Inc (NASDAQ: MCFT) has reported a significant improvement in income for the first quarter of its fiscal year 2024, despite experiencing declining revenue. The ship and boat building company saw its income improve by 56.52% to $0.36 per share, compared to the same period in the previous year. The company's revenue, however, dropped by 38.549% to $103.84 million for the August to October 01, 2023, three months year on year. This decline is in line with a 37.806% drop in revenue compared to the preceding reporting season. A year-on-year comparison also reveals a drop in net profits, with a decrease of 71.28% from $24.635 million to $7.076 million.
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Mastercraft Boat Holdings Inc
Exciting Growth and Promising Margins: Mastercraft Boat Holdings Inc Shines in the Stock Market Mastercraft Boat Holdings Inc, a renowned ship and boat building company, has recently reported its third-quarter results for 2023, leaving investors with a sense of excitement and a glimmer of hope for the future. The Q3 earnings per share (EPS) increased by an impressive 12.39%, reaching $1.27 per share compared to $1.13 per share in the previous year. Even more encouraging, the EPS has seen a remarkable growth of 14.41% from the preceding reporting season when it stood at $1.11 per share. While the revenue experienced a slight dip of -10.447%, amounting to $166.60 million compared to $186.03 million in the same reporting season a year prior, it showed signs of recovery by increasing 4.655% from $159.19 million sequentially. Although the decline in revenue may seem concerning at first glance, it should be noted that the company's management has taken crucial steps to improve profit margins.
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Per Share |
Current |
Earnings (TTM) |
4.05 $ |
Revenues (TTM) |
34.64 $
|
Cash Flow (TTM) |
- |
Cash |
1.36 $
|
Book Value |
11.14 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
4.05 $
|
Revenues (TTM) |
34.64 $ |
Cash Flow (TTM) |
- |
Cash |
1.36 $
|
Book Value |
11.14 $ |
Dividend (TTM) |
0 $ |
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