Financial Performance - Consolidated net sales for Q2 fiscal 2025 were $63.4 million, a decrease of $26.4 million or 29.4% compared to Q2 fiscal 2024[4] - Income from continuing operations was $0.4 million, or $0.03 per diluted share, down from $8.7 million, or $0.51 per diluted share in the prior-year period[6] - Adjusted EBITDA for Q2 fiscal 2025 was $3.5 million, down $9.4 million from $12.9 million in the prior-year period, with an adjusted EBITDA margin of 5.6% compared to 14.4%[7] - Full year fiscal 2025 consolidated net sales guidance is now expected to be between $275 million and $295 million, with Adjusted EBITDA between $19 million and $24 million[10] - For Q3 fiscal 2025, consolidated net sales are expected to be approximately $75 million, with Adjusted EBITDA of approximately $5 million[10] - Net sales for MasterCraft decreased by 24.2% to $55,097 million compared to $72,699 million in the same period last year[22] - Adjusted EBITDA for the three months ended December 29, 2024, was $3,526 million, representing a margin of 5.6%[30] - Adjusted Net Income for the three months ended December 29, 2024, was $1,687 million, down from $9,469 million in the prior year[30] - Income from continuing operations per diluted share for Q4 2024 was $0.03, a decrease of 94% compared to $0.51 in Q4 2023[31] - Adjusted Net Income per diluted share for Q4 2024 was $0.10, down 81.8% from $0.55 in Q4 2023[31] - For the six months ended December 29, 2024, income from continuing operations per diluted share was $0.09, a decline of 91% from $1.00 in the same period of 2023[31] - Adjusted Net Income per diluted share for the six months ended December 29, 2024 was $0.22, a decrease of 80.9% compared to $1.15 in the prior year[31] Cash Flow and Assets - The company generated $13.9 million in cash flow from continuing operations despite low cycle production volumes, maintaining a strong balance sheet with $62.9 million in cash and investments[3] - Cash and cash equivalents increased significantly from $7,394 million to $34,314 million[21] - Total current assets decreased from $155,074 million to $111,729 million, a decline of 28%[21] - Total liabilities decreased from $134,105 million to $71,609 million, a reduction of 47%[21] Operational Changes - The company has completed the dispositions of the Aviara brand and facility assets, contributing to a more focused operational strategy[4] - The company plans to continue its share repurchase program while pursuing strategic growth initiatives[3] - The launch of the new ultra-premium XStar lineup has generated strong demand, providing positive momentum heading into the summer selling season[3] - Gross margin percentage declined by 610 basis points due to unfavorable model mix and lower cost absorption from decreased production volume[5] - Consolidated unit sales volume dropped by 35.4% year-over-year, from 856 units to 553 units for the three months ended December 29, 2024[22] - Gross margin fell from 23.3% to 17.2%, a decrease of 610 basis points[22] Tax and Compensation - The impact of income tax expense on adjusted net income per diluted share was $(0.03) for Q4 2024 and $(0.07) for the six months ended December 29, 2024[31] - Share-based compensation contributed $0.05 to adjusted net income per diluted share in Q4 2024[31] - The income tax rate for fiscal 2025 and 2024 was 20.0% for each period presented[32] Strategic Focus - The company is focused on strategic organizational realignment as part of its ongoing transition efforts[31] - The company does not provide forward-looking guidance for certain financial measures on a GAAP basis due to unpredictability of certain items[28] - The weighted average shares used for the computation of diluted earnings per share were consistent across all periods presented[32]

Overview - MasterCraft Boat Holdings, Inc. reported financial results for the second quarter of fiscal 2025, ending December 29, 2024, with a focus on continuing operations excluding the former Aviara segment [1][3] Financial Performance - Consolidated net sales for the second quarter were $63.4 million, a decrease of $26.4 million or 29.4% from the same period in fiscal 2024, primarily due to planned lower unit volumes and unfavorable model mix [4][8] - Gross margin percentage declined by 610 basis points to 17.2% compared to the prior-year period, attributed to unfavorable model mix and lower cost absorption from decreased production volume [5][22] - Income from continuing operations was $0.4 million, or $0.03 per diluted share, down from $8.7 million, or $0.51 per diluted share, in the prior-year period [5][31] - Adjusted net income was $1.7 million, or $0.10 per diluted share, compared to $9.5 million, or $0.55 per diluted share, in the prior-year period [6][31] - Adjusted EBITDA was $3.5 million, down from $12.9 million in the prior-year period, with an adjusted EBITDA margin of 5.6%, down from 14.4% [6][22] Operational Highlights - The company generated $13.9 million in cash flow from continuing operations despite low cycle production volumes, maintaining a strong balance sheet with $62.9 million in cash and investments [3][8] - The early boat show season results indicated strong demand for the new ultra-premium XStar lineup, contributing to positive momentum as the summer selling season approaches [3][8] Outlook - The company is narrowing its full-year guidance for fiscal 2025, expecting consolidated net sales between $275 million and $295 million, with adjusted EBITDA between $19 million and $24 million [13][8] - For the fiscal third quarter of 2025, consolidated net sales are anticipated to be approximately $75 million, with adjusted EBITDA of around $5 million [13][8]

MasterCraft Boat Holdings, Inc. (MCFT) is scheduled to report fiscal second-quarter 2025 results on Feb. 6. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 300%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Trend in MCFT’s Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for earnings is pegged as break-even. In the last quarter, the company reported adjusted earnings per share of 37 cents. In the past seve ...

Company Overview - MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a boat manufacturer selling brands such as MasterCraft, Crest, and Balise [1] Industry Trends - The boat manufacturing industry has shown weakness recently [1] - Dealers have lowered inventory levels [1] - Retail demand for boats has remained subdued [1] Investment Methodology - The author focuses on small cap companies in US, Canadian, and European markets [1] - Investment philosophy centers on identifying mispriced securities through understanding financial drivers [1] - Utilizes DCF model valuation to assess stock prospects and risk-reward profile [1] - Approach incorporates elements of value, dividend, and growth investing [1]

Earnings Webcast Details - MasterCraft Boat Holdings Inc will host a live webcast for its fiscal second quarter 2025 earnings conference call on February 6 2025 at 8:30 am EST [1] - The webcast will feature Brad Nelson CEO and Tim Oxley CFO discussing the company's financial results [1] - A pre-market earnings release will be issued prior to the call on February 6 2025 [1] Webcast Access Information - Participants can access the live webcast on the investor section of the company's website InvestorsMasterCraftcom [2] - Telephone participation requires advance registration with a confirmation email providing dial-in number unique passcode and registrant ID [2] - A replay of the conference call and webcast will be archived on the company's website [2] Company Overview - MasterCraft Boat Holdings Inc is headquartered in Vonore Tenn and is a leading innovator designer manufacturer and marketer of recreational powerboats [3] - The company operates through three brands: MasterCraft Crest and Balise [3] - Additional information about the company and its brands is available on their respective websites [3] Investor Contact Information - John Zelenak Manager of Treasury & Investor Relations can be contacted via email at investorrelations@MasterCraftcom [4]

Event and Product Launch - MasterCraft Boat Company will showcase its newly redesigned flagship model, the XStar, at the Barrett-Jackson Auction in Scottsdale, Arizona, from January 19-26, 2025 [1] - The XStar lineup includes both the iconic 23-foot design and an all-new 25-foot model, featuring groundbreaking updates [2] - The event will also mark the official kick-off of MasterCraft's new partnership with Chevrolet, with a Silverado HD 2500 displayed alongside the XStar models [1][3] Product Features and Innovations - The XStar lineup sets a new standard for power, performance, and luxury, with bold upgrades enhancing the boating experience [4] - Key features include the all-new MAAX (MasterCraft Aft Audio Experience) System, a redesigned helm, and the cutting-edge Z100 tower [4] - The XStar is powered by the Ilmor Supercharged 6.2L engine, delivering 630 horsepower and 665 lb-ft of torque, paired with the SurfStar system and a redesigned hull and ballast configuration [4] Marketing and Sales Strategy - MasterCraft will launch a nationwide roadshow featuring over 100 stops, showcasing the Silverado HD 2500 and XStar models together [3] - Representatives from MasterCraft and its dealer partner, Wolf Watersports, will be available at the event to assist consumers in starting the order process for the 2025 XStar models [5] Company Background - MasterCraft is a world-renowned innovator, designer, manufacturer, and marketer of premium performance sport boats, founded in 1968 [6] - MasterCraft Boat Holdings, Inc, headquartered in Vonore, TN, operates through its three brands: MasterCraft, Crest, and Balise, holding leading market share positions in performance sport boats and pontoon boats [7]

Core Insights - MasterCraft Boat Company is set to unveil its redesigned flagship model, the XStar, at the Barrett-Jackson Auction in Scottsdale, Arizona, from January 19-26, 2025, alongside a new partnership with Chevrolet [1][3] Group 1: Product Launch and Features - The XStar lineup includes a newly redesigned 23-foot model and an all-new 25-foot model, showcasing significant updates to enhance the boating experience [2] - Key features of the XStar include the MAAX (MasterCraft Aft Audio Experience) System for superior sound quality, a redesigned helm for intuitive control, and the Z100 tower for improved functionality [4] - The XStar is powered by the Ilmor Supercharged 6.2L engine, delivering 630 horsepower and 665 lb-ft of torque, paired with MasterCraft's SurfStar system and a redesigned hull and ballast configuration [4] Group 2: Marketing and Partnerships - The event at Barrett-Jackson serves as a launchpad for MasterCraft's partnership with Chevrolet, with the Silverado HD 2500 displayed alongside the XStar models [3] - Following the auction, MasterCraft will embark on a nationwide roadshow with over 100 stops to showcase the Silverado HD 2500 and XStar models together [3] Group 3: Company Background - MasterCraft Boat Holdings, Inc. is a leading innovator in the premium recreational powerboat market, with a strong presence in performance sport boats and pontoon boats [7] - The company has a rich history of innovation since its founding in 1968, aiming to build the world's best ski, wakeboard, wakesurf, and luxury performance powerboats [6]

Completely Redesigned From Bow to Stern, The 23- and 25-Foot XStar Models Combine Legendary Performance With Cutting-Edge Innovation and Bold New Styling Upgrades Include New MAAX Audio, Z100 Tower, All-New 4 Camera Visibility System, Completely Redesigned Helm and Transom, Reimagined Design, Luxurious Interior and Standard Supercharged Engine VONORE, Tenn., Jan. 08, 2025 (GLOBE NEWSWIRE) -- MasterCraft Boat Company, a MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) subsidiary and the best-selling towboat bra ...

Core Viewpoint - MasterCraft Boat Company has launched a completely redesigned XStar lineup, featuring new 23-foot and 25-foot models that combine legendary performance with innovative technology and luxurious design [1][4]. Product Features - The new XStar models introduce the MasterCraft Aft Audio Experience (MAAX), a state-of-the-art audio system with six subwoofers, ten interior cockpit speakers, four tower speakers, and six transom speakers, providing a total of 4,200 watts of peak power, which is approximately 100% more than current systems [2][9]. - The Z100 tower features power folding with dual switch stations, redesigned side tows, and integrated audio pods, enhancing both functionality and aesthetics [2][15]. - The XStar lineup is powered by the Ilmor Supercharged 6.2L engine, delivering 630 horsepower and 665 lb-ft of torque, making it the most powerful towboat engine in the world [5]. Performance and Technology - Equipped with the SurfStar system, the XStar models offer adjustable wave performance, allowing for professional-grade waves in minutes with MasterCraft's FastFill technology, which fills ballast tanks at a rate of approximately 60 gallons or 500 lbs per minute [6][8]. - The new 4-Camera Visibility System enhances safety and situational awareness by providing real-time monitoring of the surroundings [10]. Design and Comfort - The XStar's interior features luxurious materials, customizable seating options, and advanced ergonomics, including a U-shaped cockpit and redesigned transom loungers [12][13]. - Unique to the XStar 25, the A-frame structure behind the helm seat serves multiple functions, including a comfortable rear-facing seat and an optional integrated refrigerator [14]. Customer Support and Services - MasterCraft offers the XStar Concierge program, providing personalized service and proactive support for owners, enhancing the overall ownership experience [18]. - The MasterCare warranty program offers a five-year, 500-hour warranty, ensuring customer satisfaction and reliability [17]. Market Position - MasterCraft Boat Holdings, Inc. is recognized as a leading innovator in the premium recreational powerboat market, with a strong focus on performance sport boats and pontoon boats [21].

MasterCraft Boat Holdings, Inc. (MCFT) has experienced a remarkable 16.6% increase in its stock price in the past month, outpacing the industry’s 13.9% growth. The stock has also outperformed the 4.7% rise of the S&P 500.On Tuesday, the stock closed at $20.55, below its 52-week high of $24.05 but above its 52-week low of $16.12. In the past three months, MCFT has outpaced its industry peers Malibu Boats, Inc.’s (MBUU) 0.4% gain, OneWater Marine Inc.’s (ONEW) 8.4% decline and Marine Products Corporation’s (M ...