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    MasterCraft Boat Holdings, Inc. Reports Fiscal 2025 Third Quarter Results

    5/7/25 7:30:00 AM ET
    $MCFT
    Marine Transportation
    Industrials
    Get the next $MCFT alert in real time by email

    VONORE, Tenn., May 07, 2025 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) today announced financial results for its fiscal 2025 third quarter ended March 30, 2025.

    The overview, commentary, and results provided herein relate to our continuing operations, which exclude our former Aviara segment.

    Overview:

    • Net sales for the third quarter were $76.0 million, down $8.0 million, or 9.5%, from the comparable prior-year period
    • Planned decrease in production contributed to approximately 30% lower dealer inventory levels compared to the prior-year
    • Income from continuing operations was $3.8 million, or $0.23 per diluted share
    • Adjusted Net Income, a non-GAAP measure, was $5.0 million, or $0.30 per diluted share
    • Adjusted EBITDA, a non-GAAP measure, was $7.5 million, down $4.2 million from the comparable prior-year period
    • Cash and investments of $66.5 million, with $100 million of availability on the revolving credit facility and no outstanding debt

    Brad Nelson, Chief Executive Officer, commented, "Our business performed well during the third quarter against a backdrop of macroeconomic and demand uncertainty. Our near-term focus continues to be centered around closely managing production levels, driving focused innovation, and delivering operating efficiencies – all while maximizing cash flow and aggressively managing costs."

    Nelson continued, "Our capital allocation priorities remain disciplined and consistent despite the external pressures. Year to date, operating cash flow was $18.5 million despite low cycle production volumes. Our robust, debt-free balance sheet provides us a stable backdrop amid market and tariff uncertainties, while our variable operating model enables us to swiftly adjust production as needed."

    Third Quarter Results

    For the third quarter of fiscal 2025, MasterCraft Boat Holdings, Inc. reported consolidated net sales of $76.0 million, down $8.0 million from the third quarter of fiscal 2024. The decrease in net sales was primarily due to planned lower unit volumes to align dealer inventories with retail demand and changes in price, partially offset by favorable model mix and option sales.

    Gross margin percentage declined 250 basis points during the third quarter of fiscal 2025, compared to the prior-year period. Lower margins were the result of changes in sales price, material and overhead inflation, and lower cost absorption due to the decreased production volume.

    Operating expenses decreased $1.2 million for the third quarter of fiscal 2025, compared to the prior-year period. Prior year costs were elevated as a result of CEO transition and related share-based compensation costs.

    Income from continuing operations was $3.8 million for the third quarter of fiscal 2025, compared to $5.7 million in the prior-year period. Diluted income from continuing operations per share was $0.23, compared to $0.34 for the third quarter of fiscal 2024.

    Adjusted Net income was $5.0 million for the third quarter of fiscal 2025, or $0.30 per diluted share, compared to $8.5 million, or $0.50 per diluted share, in the prior-year period.

    Adjusted EBITDA was $7.5 million for the third quarter of fiscal 2025, compared to $11.7 million in the prior-year period. Adjusted EBITDA margin was 9.9% for the third quarter, down from 13.9% for the prior-year period.

    See "Non-GAAP Measures" below for a reconciliation of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Net Income per share, which we refer to collectively as the "Non-GAAP Measures", to the most directly comparable financial measures presented in accordance with GAAP.

    Outlook

    Concluded Nelson, "To reflect the evolving macroeconomic conditions and the challenging demand environment, we are revising our full-year guidance range. We believe we are well prepared for a range of scenarios as a result of the dynamic industry and trade environments. We also believe our flexible operating model and ability to generate cash flow at these low volumes, combined with our fortress balance sheet, affords us the ability to navigate near-term uncertainty while positioning the business for the next market recovery."

    The Company's outlook is as follows:

    • For full year fiscal 2025, we now expect consolidated net sales to be approximately $275 million, with Adjusted EBITDA of approximately $20 million, and Adjusted Earnings per share of approximately $0.71. We also now expect capital expenditures to be approximately $9 million for the year.

    Conference Call and Webcast Information

    MasterCraft Boat Holdings, Inc. will host a live conference call and webcast to discuss fiscal third quarter 2025 results today, May 7, 2025, at 8:30 a.m. EDT. Participants may access the conference call live via webcast on the investor section of the Company's website, Investors.MasterCraft.com, by clicking on the webcast icon. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. A replay of the conference call and webcast will be archived on the Company's website.

    About MasterCraft Boat Holdings, Inc.

    Headquartered in Vonore, Tenn., MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) is a leading innovator, designer, manufacturer and marketer of recreational powerboats through its three brands, MasterCraft, Crest, and Balise. For more information about MasterCraft Boat Holdings, and its three brands, visit: Investors.MasterCraft.com, www.MasterCraft.com, www.CrestPontoonBoats.com, and www.BalisePontoonBoats.com.

    Forward-Looking Statements

    This press release includes forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Forward-looking statements can often be identified by such words and phrases as "believes," "anticipates," "expects," "intends," "estimates," "may," "will," "should," "continue" and similar expressions, comparable terminology or the negative thereof, and include statements in this press release concerning economic uncertainty, the resilience of our business model, our intention to drive value, and our financial outlook.

    Forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including, but not limited to: changes in interest rates, general economic conditions, changes in trade priorities, policies and regulations, including increases or changes in duties, current and potentially new tariffs and quotas and other similar measures, as well  potential direct and indirect impact of retaliatory tariffs and other actions, demand for our products, persistent inflationary pressures, changes in consumer preferences, competition within our industry, our ability to maintain a reliable network of dealers, our ability to cooperate with our strategic partners, elevated inventories resulting in increased costs for dealers, our ability to manage our manufacturing levels and our fixed cost base, the successful introduction of our new products, the success of our strategic divestments, geopolitical conflicts, and financial institution disruptions. These and other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the "SEC") on August 30, 2024, could cause actual results to differ materially from those indicated by the forward-looking statements. The discussion of these risks is specifically incorporated by reference into this press release.

    Any such forward-looking statements represent management's estimates as of the date of this press release. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. We undertake no obligation (and we expressly disclaim any obligation) to update or supplement any forward-looking statements that may become untrue or cause our views to change, whether because of new information, future events, changes in assumptions or otherwise. Comparison of results for current and prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

    Use of Non-GAAP Financial Measures

    To supplement the Company's consolidated financial statements prepared in accordance with United States generally accepted accounting principles ("GAAP"), the Company uses certain non-GAAP financial measures in this release. Reconciliations of the Non-GAAP measures used in this release to the most comparable GAAP measures for the respective periods can be found in tables immediately following the consolidated statements of operations. The Non-GAAP Measures have limitations as analytical tools and should not be considered in isolation or as a substitute for the Company's financial results prepared in accordance with GAAP.

    Results of Operations for the Three and Nine Months Ended March 30, 2025

    MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
     
     (Dollars in thousands, except per share data)
     
      Three Months Ended  Nine Months Ended 
      March 30,  March 31,  March 30,  March 31, 
      2025  2024  2025  2024 
              
    Net sales $75,960  $83,977  $204,687  $268,032 
    Cost of sales  60,195   64,385   166,232   205,026 
    Gross profit  15,765   19,592   38,455   63,006 
    Operating expenses:            
    Selling and marketing  2,845   3,121   8,543   8,705 
    General and administrative  8,356   9,269   23,258   24,870 
    Amortization of other intangible assets  450   450   1,350   1,362 
    Total operating expenses  11,651   12,840   33,151   34,937 
    Operating income  4,114   6,752   5,304   28,069 
    Other income (expense):            
    Interest expense  —   (762)  (1,169)  (2,494)
    Interest income  760   1,398   2,649   4,164 
    Income before income tax expense  4,874   7,388   6,784   29,739 
    Income tax expense  1,053   1,661   1,521   6,801 
    Income from continuing operations  3,821   5,727   5,263   22,938 
    Loss from discontinued operations, net of tax  (78)  (1,972)  (3,917)  (7,102)
    Net income $3,743  $3,755  $1,346  $15,836 
                 
    Income (loss) per share            
    Basic            
    Continuing operations $0.23  $0.34  $0.32  $1.35 
    Discontinued operations  —   (0.12)  (0.24)  (0.42)
    Net income $0.23  $0.22  $0.08  $0.93 
                 
    Diluted            
    Continuing operations $0.23  $0.34  $0.32  $1.34 
    Discontinued operations  —   (0.12)  (0.24)  (0.41)
    Net income $0.23  $0.22  $0.08  $0.93 
                 
    Weighted average shares used for computation of:            
    Basic earnings per share  16,414,340   16,844,440   16,471,352   17,003,616 
    Diluted earnings per share  16,540,345   16,965,624   16,554,235   17,093,958 



    MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
     
    (Dollars in thousands, except per share data)
     
      March 30,  June 30, 
      2025  2024 
    ASSETS      
    CURRENT ASSETS:      
    Cash and cash equivalents $28,507  $7,394 
    Short-term investments  38,010   78,846 
    Accounts receivable, net of allowances of $212 and $101, respectively  8,512   11,455 
    Income tax receivable  817   499 
    Inventories, net  39,545   36,972 
    Prepaid expenses and other current assets  8,593   8,686 
    Current assets associated with discontinued operations  —   11,222 
    Total current assets  123,984   155,074 
    Property, plant and equipment, net  52,811   52,314 
    Goodwill  28,493   28,493 
    Other intangible assets, net  32,300   33,650 
    Deferred income taxes  17,902   18,584 
    Other long-term assets  6,396   8,189 
    Non-current assets associated with discontinued operations  —   21,680 
    Total assets $261,886  $317,984 
    LIABILITIES AND EQUITY      
    CURRENT LIABILITIES:      
    Accounts payable $13,139  $10,431 
    Accrued expenses and other current liabilities  55,263   55,068 
    Current portion of long-term debt, net of unamortized debt issuance costs  —   4,374 
    Current liabilities associated with discontinued operations  —   8,063 
    Total current liabilities  68,402   77,936 
    Long-term debt, net of unamortized debt issuance costs  —   44,887 
    Unrecognized tax positions  8,958   8,549 
    Other long-term liabilities  2,259   2,551 
    Long-term liabilities associated with discontinued operations  —   182 
    Total liabilities  79,619   134,105 
    COMMITMENTS AND CONTINGENCIES      
    EQUITY:      
    Common stock, $.01 par value per share — authorized, 100,000,000 shares; issued and outstanding, 16,711,812 shares at March 30, 2025 and 16,759,109 shares at June 30, 2024  167   167 
    Additional paid-in capital  56,934   59,892 
    Retained earnings  124,966   123,620 
    MasterCraft Boat Holdings, Inc. equity  182,067   183,679 
    Noncontrolling interest  200   200 
    Total equity  182,267   183,879 
    Total liabilities and equity $261,886  $317,984 
     

    Supplemental Operating Data

    The following table presents certain supplemental operating data for the periods indicated:

      Three Months Ended Nine Months Ended
      March 30,  March 31,      March 30,  March 31,     
      2025  2024  Change  2025  2024  Change
      (Dollars in thousands)
    Unit sales volume:                    
    MasterCraft  422   468   (9.8)%  1,196   1,453   (17.7)%
    Pontoon  197   298   (33.9)%  527   1,025   (48.6)%
    Consolidated  619   766   (19.2)%  1,723   2,478   (30.5)%
    Net sales:                    
    MasterCraft $64,227  $69,783   (8.0)% $174,857  $218,319   (19.9)%
    Pontoon  11,733   14,194   (17.3)%  29,830   49,713   (40.0)%
    Consolidated $75,960  $83,977   (9.5)% $204,687  $268,032   (23.6)%
    Net sales per unit:                    
    MasterCraft $152  $149   2.0 % $146  $150   (2.7)%
    Pontoon  60   48   25.0 %  57   49   16.3 %
    Consolidated  123   110   11.8 %  119   108   10.2 %
    Gross margin  20.8%  23.3% (250) bps   18.8%  23.5% (470) bps 
                         

    Non-GAAP Measures

    EBITDA, Adjusted EBITDA, EBITDA margin, and Adjusted EBITDA margin

    We define EBITDA as income from continuing operations, before interest, income taxes, depreciation and amortization. We define Adjusted EBITDA as EBITDA further adjusted to eliminate certain non-cash charges or other items that we do not consider to be indicative of our core and/or ongoing operations. For the periods presented herein, the adjustments include share-based compensation and CEO transition and organizational realignment costs. We define EBITDA margin and Adjusted EBITDA margin as EBITDA and Adjusted EBITDA, respectively, each expressed as a percentage of Net sales. 

    Adjusted Net Income and Adjusted Net Income per share

    We define Adjusted Net Income and Adjusted Net Income per share as income from continuing operations, adjusted to eliminate certain non-cash charges or other items that we do not consider to be indicative of our core and/or ongoing operations and reflecting income tax expense on adjusted net income before income taxes at our estimated annual effective tax rate. For the periods presented herein, these adjustments include other intangible asset amortization, share-based compensation, and CEO transition and organizational realignment costs.

    The Non-GAAP Measures are not measures of net income or operating income as determined under GAAP. The Non-GAAP Measures are not measures of performance in accordance with GAAP and should not be considered as an alternative to net income, net income per share, or operating cash flows determined in accordance with GAAP. Additionally, Adjusted EBITDA is not intended to be a measure of cash flow. We believe that the inclusion of the Non-GAAP Measures is appropriate to provide additional information to investors because securities analysts and investors use the Non-GAAP Measures to assess our operating performance across periods on a consistent basis and to evaluate the relative risk of an investment in our securities. We use Adjusted Net Income and Adjusted Net Income per share to facilitate a comparison of our operating performance on a consistent basis from period to period that, when viewed in combination with our results prepared in accordance with GAAP, provides a more complete understanding of factors and trends affecting our business than does GAAP measures alone. We believe Adjusted Net Income and Adjusted Net Income per share assists our board of directors, management, investors, and other users of the financial statements in comparing our net income on a consistent basis from period to period because it removes certain non-cash items and other items that we do not consider to be indicative of our core and/or ongoing operations and reflecting income tax expense on adjusted net income before income taxes at our estimated annual effective tax rate. The Non-GAAP Measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are:

    • Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future and the Non-GAAP Measures do not reflect any cash requirements for such replacements;
    • The Non-GAAP Measures do not reflect our cash expenditures, or future requirements for capital expenditures or contractual commitments;
    • The Non-GAAP Measures do not reflect changes in, or cash requirements for, our working capital needs;
    • Certain Non-GAAP Measures do not reflect our tax expense or any cash requirements to pay income taxes;
    • Certain Non-GAAP Measures do not reflect interest expense, or the cash requirements necessary to service interest payments on our indebtedness; and
    • The Non-GAAP Measures do not reflect the impact of earnings or charges resulting from matters we do not consider to be indicative of our core and/or ongoing operations, but may nonetheless have a material impact on our results of operations.

    In addition, because not all companies use identical calculations, our presentation of the Non-GAAP Measures may not be comparable to similarly titled measures of other companies, including companies in our industry.

    We do not provide forward-looking guidance for certain financial measures on a GAAP basis because we are unable to predict certain items contained in the GAAP measures without unreasonable efforts. These items may include acquisition-related costs, litigation charges or settlements, impairment charges, and certain other unusual adjustments.



    The following table presents a reconciliation of income from continuing operations as determined in accordance with GAAP to EBITDA and Adjusted EBITDA, and income from continuing operations margin to EBITDA margin and Adjusted EBITDA margin (each expressed as a percentage of net sales) for the periods indicated:

    (Dollars in thousands) Three Months Ended Nine Months Ended
      March 30,  % of Net March 31,  % of Net March 30,  % of Net March 31,  % of Net
      2025  sales 2024  sales 2025  sales 2024  sales
    Income from continuing operations $3,821  5.0% $5,727  6.8% $5,263  2.6% $22,938  8.6%
    Income tax expense  1,053     1,661     1,521     6,801   
    Interest expense  —     762     1,169     2,494   
    Interest income  (760)    (1,398)    (2,649)    (4,164)  
    Depreciation and amortization  2,569     2,105     7,024     6,312   
    EBITDA  6,683  8.8%  8,857  10.5%  12,328  6.0%  34,381  12.8%
    Share-based compensation  805     1,564     2,080     2,536   
    CEO transition and organizational realignment costs(a)  —     1,241     448     1,677   
    Adjusted EBITDA $7,488  9.9% $11,662  13.9% $14,856  7.3% $38,594  14.4%
     

    The following table sets forth a reconciliation of income from continuing operations as determined in accordance with GAAP to Adjusted Net Income for the periods indicated:

    (Dollars in thousands, except per share data)Three Months Ended  Nine Months Ended 
     March 30,  March 31,  March 30,  March 31, 
     2025  2024  2025  2024 
    Income from continuing operations$3,821  $5,727  $5,263  $22,938 
    Income tax expense 1,053   1,661   1,521   6,801 
    Amortization of acquisition intangibles 450   450   1,350   1,362 
    Share-based compensation 805   1,564   2,080   2,536 
    CEO transition and organizational realignment costs(a) —   1,241   448   1,677 
    Adjusted Net Income before income taxes 6,129   10,643   10,662   35,314 
    Adjusted income tax expense(b) 1,103   2,128   1,919   7,063 
    Adjusted Net Income$5,026  $8,515  $8,743  $28,251 
                
    Adjusted net income per common share           
    Basic$0.31  $0.51  $0.53  $1.66 
    Diluted$0.30  $0.50  $0.53  $1.65 
    Weighted average shares used for the computation of (c):           
    Basic Adjusted net income per share 16,414,340   16,844,440   16,471,352   17,003,616 
    Diluted Adjusted net income per share 16,540,345   16,965,624   16,554,235   17,093,958 
                    

    The following table presents the reconciliation of income from continuing operations per diluted share to Adjusted Net Income per diluted share for the periods indicated:

     Three Months Ended  Nine Months Ended 
     March 30,  March 31,  March 30,  March 31, 
     2025  2024  2025  2024 
    Income from continuing operations per diluted share$0.23  $0.34  $0.32  $1.34 
    Impact of adjustments:           
    Income tax expense 0.06   0.10   0.09   0.40 
    Amortization of acquisition intangibles 0.03   0.03   0.08   0.08 
    Share-based compensation 0.05   0.09   0.13   0.15 
    CEO transition and organizational realignment costs(a) —   0.07   0.03   0.10 
    Adjusted Net Income per diluted share before income taxes 0.37   0.63   0.65   2.07 
    Impact of adjusted income tax expense on net income per diluted share before income taxes(b) (0.07)  (0.13)  (0.12)  (0.42)
    Adjusted Net Income per diluted share$0.30  $0.50  $0.53  $1.65 



    (a)Represents amounts paid for legal fees and recruiting costs associated with the CEO transition, as well as non-recurring severance costs incurred as part of the Company's strategic organizational realignment undertaken in connection with the transition.
    (b)For fiscal 2025 and 2024, income tax expense reflects an income tax rate of 18.0% and 20.0%, respectively.
    (c)Represents the Weighted Average Shares used for the computation of Basic and Diluted earnings per share as presented on the Consolidated Statements of Operations to calculate Adjusted Net Income per diluted share for all periods presented herein.
      

    Investor Contact:

    MasterCraft Boat Holdings, Inc.

    John Zelenak

    Manager of Treasury & Investor Relations

    Email: [email protected] 



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    $MCFT
    Leadership Updates

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    • MasterCraft Boat Company Launches Third-Annual 'Surf to Save Lives' Campaign in Support of St. Jude Children's Research Hospital®

      MasterCraft Unites Watersports Community with Season-Long Fundraising Platform to Support St. Jude's Lifesaving Mission Pledging $75,000 in 2025, Bringing Total Funds Raised to $225,000 Since 2023 VONORE, Tenn., May 20, 2025 (GLOBE NEWSWIRE) -- With summer on the horizon and families gearing up to make unforgettable memories on the water, MasterCraft Boat Company, a subsidiary of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) and the best-selling towboat brand, today announced the return of its popular philanthropic campaign, Surf to Save Lives. Entering its third year, the campaign unites the watersports community to raise funds for St. Jude Children's Research Hospital® and support its l

      5/20/25 11:00:00 AM ET
      $MCFT
      Marine Transportation
      Industrials
    • Avaya Continues Leadership Team Transformation with the Appointment of a Chief People Officer

      Kamilah Thomas Brings a Wealth of Experience to Avaya by Continuing to Evolve the Company's Culture while Better Aligning People and Processes Avaya, a leader in enterprise CX, announced the continuation of its leadership transformation with the appointment of Kamilah Thomas who joined the company on June 3 as Senior Vice President and Chief People Officer (CPO). Based in Avaya's corporate headquarters office in Morristown, New Jersey, she will report directly to Avaya CEO Alan Masarek. Thomas brings more than 20 years of global human resources leadership and organization transformation expertise. She oversees Avaya's global human resources organization and culture transformation to adv

      7/2/24 9:00:00 AM ET
      $MCFT
      Marine Transportation
      Industrials
    • MasterCraft Boat Holdings, Inc. Initiates Leadership Succession Plan

      Brad Nelson Appointed CEO of MasterCraft, Effective March 18, 2024 Fred Brightbill to Retire as CEO, Effective March 18, 2024, and as Chairman of the MasterCraft Board of Directors, Effective June 30, 2024 Lead Independent Director Roch Lambert to be Appointed Chairman of the Board, Effective July 1, 2024 Reiterates Fiscal Third Quarter and Full Year 2024 Guidance VONORE, Tenn., March 04, 2024 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) today announced that Brad Nelson (54), will become the Company's new Chief Executive Officer and will be appointed to the Board of Directors, effective March 18, 2024. Mr. Nelson succeeds Fred Brightbill (71), who intends to retire

      3/4/24 8:30:00 AM ET
      $MCFT
      Marine Transportation
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    $MCFT
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    • MasterCraft Boat Holdings, Inc. Reports Fiscal 2025 Third Quarter Results

      VONORE, Tenn., May 07, 2025 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) today announced financial results for its fiscal 2025 third quarter ended March 30, 2025. The overview, commentary, and results provided herein relate to our continuing operations, which exclude our former Aviara segment. Overview: Net sales for the third quarter were $76.0 million, down $8.0 million, or 9.5%, from the comparable prior-year periodPlanned decrease in production contributed to approximately 30% lower dealer inventory levels compared to the prior-yearIncome from continuing operations was $3.8 million, or $0.23 per diluted shareAdjusted Net Incom

      5/7/25 7:30:00 AM ET
      $MCFT
      Marine Transportation
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    • MasterCraft Boat Holdings, Inc. to Webcast Fiscal Third Quarter 2025 Earnings Conference Call Wednesday, May 7, 2025

      VONORE, Tenn., April 23, 2025 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) (the "Company") will host a live webcast of its fiscal third quarter 2025 earnings conference call on Wednesday, May 7, 2025, at 8:30 a.m. EDT. Brad Nelson, Chief Executive Officer, Tim Oxley, Chief Financial Officer, and Scott Kent, Vice President of Finance and Incoming Chief Financial Officer, will discuss the Company's financial results. The Company will issue a pre-market earnings release prior to the call on May 7, 2025. Participants may access the conference call live via webcast on the investor section of the Company's website, Investors.MasterCraft.com, on the day of the conference cal

      4/23/25 4:30:18 PM ET
      $MCFT
      Marine Transportation
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    • MasterCraft Boat Holdings, Inc. Reports Fiscal 2025 Second Quarter Results

      VONORE, Tenn., Feb. 06, 2025 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) today announced financial results for its fiscal 2025 second quarter ended December 29, 2024. The overview, commentary, and results provided herein relate to our continuing operations, which exclude our former Aviara segment. Overview: Net sales for the second quarter were $63.4 million, down $26.4 million, or 29.4%, from the comparable prior-year periodPlanned decrease in production contributed to significantly lower dealer inventory levels compared to the prior-yearIncome from continuing operations was $0.4 million, or $0.03 per diluted shareAdjusted Net Income, a non-GAAP measure, was

      2/6/25 7:30:00 AM ET
      $MCFT
      Marine Transportation
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    $MCFT
    Large Ownership Changes

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    • Amendment: SEC Form SC 13G/A filed by MasterCraft Boat Holdings Inc.

      SC 13G/A - MasterCraft Boat Holdings, Inc. (0001638290) (Subject)

      11/13/24 12:52:42 PM ET
      $MCFT
      Marine Transportation
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    • Amendment: SEC Form SC 13G/A filed by MasterCraft Boat Holdings Inc.

      SC 13G/A - MasterCraft Boat Holdings, Inc. (0001638290) (Subject)

      11/12/24 3:58:30 PM ET
      $MCFT
      Marine Transportation
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    • Amendment: SEC Form SC 13G/A filed by MasterCraft Boat Holdings Inc.

      SC 13G/A - MasterCraft Boat Holdings, Inc. (0001638290) (Subject)

      11/4/24 1:25:11 PM ET
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    $MCFT
    Analyst Ratings

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    • MasterCraft downgraded by Robert W. Baird with a new price target

      Robert W. Baird downgraded MasterCraft from Outperform to Neutral and set a new price target of $20.00

      4/4/25 8:37:49 AM ET
      $MCFT
      Marine Transportation
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    • MasterCraft downgraded by B. Riley Securities with a new price target

      B. Riley Securities downgraded MasterCraft from Buy to Neutral and set a new price target of $23.00 from $37.00 previously

      8/31/23 7:15:14 AM ET
      $MCFT
      Marine Transportation
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    • DA Davidson initiated coverage on MasterCraft with a new price target

      DA Davidson initiated coverage of MasterCraft with a rating of Neutral and set a new price target of $29.00

      5/31/23 7:33:20 AM ET
      $MCFT
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    $MCFT
    Insider Trading

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    • Large owner Forager Fund, L.P. bought $825,902 worth of shares (50,000 units at $16.52) (SEC Form 4)

      4 - MasterCraft Boat Holdings, Inc. (0001638290) (Issuer)

      5/1/25 4:43:37 PM ET
      $MCFT
      Marine Transportation
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    • Large owner Forager Fund, L.P. bought $452,909 worth of shares (28,034 units at $16.16) (SEC Form 4)

      4 - MasterCraft Boat Holdings, Inc. (0001638290) (Issuer)

      4/23/25 6:02:31 PM ET
      $MCFT
      Marine Transportation
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    • Large owner Forager Fund, L.P. bought $422,993 worth of shares (27,246 units at $15.52) (SEC Form 4)

      4 - MasterCraft Boat Holdings, Inc. (0001638290) (Issuer)

      4/17/25 5:20:45 PM ET
      $MCFT
      Marine Transportation
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    $MCFT
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

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    • Large owner Forager Fund, L.P. bought $825,902 worth of shares (50,000 units at $16.52) (SEC Form 4)

      4 - MasterCraft Boat Holdings, Inc. (0001638290) (Issuer)

      5/1/25 4:43:37 PM ET
      $MCFT
      Marine Transportation
      Industrials
    • Large owner Forager Fund, L.P. bought $452,909 worth of shares (28,034 units at $16.16) (SEC Form 4)

      4 - MasterCraft Boat Holdings, Inc. (0001638290) (Issuer)

      4/23/25 6:02:31 PM ET
      $MCFT
      Marine Transportation
      Industrials
    • Large owner Forager Fund, L.P. bought $422,993 worth of shares (27,246 units at $15.52) (SEC Form 4)

      4 - MasterCraft Boat Holdings, Inc. (0001638290) (Issuer)

      4/17/25 5:20:45 PM ET
      $MCFT
      Marine Transportation
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