Financial Performance - Consolidated net sales for Q3 fiscal 2025 were $76.0 million, a decrease of $8.0 million or 9.5% compared to Q3 fiscal 2024[4] - Income from continuing operations was $3.8 million, or $0.23 per diluted share, down from $5.7 million, or $0.34 per diluted share in the prior-year period[7] - Adjusted EBITDA for Q3 fiscal 2025 was $7.5 million, down $4.2 million from $11.7 million in the prior-year period, with an adjusted EBITDA margin of 9.9% compared to 13.9%[8] - Adjusted Net Income for Q3 fiscal 2025 was $5.0 million, or $0.30 per diluted share, compared to $8.5 million, or $0.50 per diluted share in the prior-year period[7] - Adjusted Net Income per diluted share for Q1 2025 is $0.30, down from $0.50 in Q1 2024, representing a decrease of 40%[31] - Income from continuing operations per diluted share for Q1 2025 is $0.23, compared to $0.34 in Q1 2024, a decline of approximately 32.4%[31] - Adjusted Net Income per diluted share for the nine months ended March 30, 2025, is $1.65, compared to $2.07 for the same period in 2024, a decrease of 19.2%[31] - The company reported an adjusted net income per diluted share before income taxes of $0.37 for Q1 2025, compared to $0.63 for Q1 2024, a decrease of 41.3%[31] Cash Flow and Assets - Operating cash flow year-to-date was $18.5 million despite low cycle production volumes, with cash and investments totaling $66.5 million[3] - Total current assets decreased from $155,074 million in June 30, 2024 to $123,984 million in March 30, 2025, a decline of 20.0%[21] - The company maintains a debt-free balance sheet with $100 million available on the revolving credit facility[3] - The company reported a total liabilities decrease from $134,105 million in June 30, 2024 to $79,619 million in March 30, 2025, a reduction of 40.5%[21] - Retained earnings increased from $123,620 million in June 30, 2024 to $124,966 million in March 30, 2025, reflecting a growth of 1.1%[21] Sales and Production - Planned decrease in production contributed to approximately 30% lower dealer inventory levels compared to the prior-year[5] - Consolidated unit sales volume dropped by 19.2% year-over-year, from 766 units in March 31, 2024 to 619 units in March 30, 2025[22] - Consolidated net sales decreased by 9.5% from $83,977 million in March 31, 2024 to $75,960 million in March 30, 2025[22] - MasterCraft unit sales volume fell by 9.8% from 468 units in March 31, 2024 to 422 units in March 30, 2025[22] Margins and Expenses - Gross margin percentage declined by 250 basis points due to changes in sales price, material and overhead inflation, and lower cost absorption from decreased production volume[6] - Adjusted EBITDA for the three months ended March 30, 2025 was $7,488 million, down 35.0% from $11,662 million in the same period of 2024[30] - Gross margin declined from 23.3% in March 31, 2024 to 20.8% in March 30, 2025, a decrease of 250 basis points[22] - Operating expenses decreased by $1.2 million in Q3 fiscal 2025 compared to the prior-year period, primarily due to reduced costs from CEO transition and related share-based compensation[6] Guidance and Future Outlook - The company expects full-year fiscal 2025 consolidated net sales to be approximately $275 million, with Adjusted EBITDA of approximately $20 million and Adjusted Earnings per share of approximately $0.71[10] - The company did not provide forward-looking guidance for certain financial measures on a GAAP basis due to unpredictability of certain items[28] Tax and Transition Costs - The impact of income tax expense on adjusted net income per diluted share was $(0.07) for Q1 2025, compared to $(0.13) for Q1 2024[31] - The income tax expense reflects an income tax rate of 18.0% for fiscal 2025, down from 20.0% for fiscal 2024[32] - The company incurred $0.07 per diluted share in CEO transition and organizational realignment costs in Q1 2024[31] - Share-based compensation impacted adjusted net income by $0.05 per diluted share in Q1 2025, down from $0.09 in Q1 2024[31]

Overview - MasterCraft Boat Holdings, Inc. reported financial results for the third quarter of fiscal 2025, ending March 30, 2025, with a focus on continuing operations excluding the former Aviara segment [1][4]. Financial Performance - Consolidated net sales for the third quarter were $76.0 million, a decrease of $8.0 million or 9.5% from the same period in fiscal 2024, primarily due to planned lower unit volumes to align dealer inventories with retail demand [4][10]. - Gross margin percentage declined by 250 basis points compared to the prior-year period, attributed to changes in sales price, material and overhead inflation, and lower cost absorption due to decreased production volume [5][24]. - Income from continuing operations was $3.8 million, or $0.23 per diluted share, down from $5.7 million, or $0.34 per diluted share in the prior-year period [6][10]. - Adjusted net income was $5.0 million, or $0.30 per diluted share, compared to $8.5 million, or $0.50 per diluted share in the prior-year period [6][10]. - Adjusted EBITDA was $7.5 million, down from $11.7 million in the prior-year period, with an adjusted EBITDA margin of 9.9%, down from 13.9% [7][10]. Operational Insights - The company maintained a disciplined approach to capital allocation, achieving operating cash flow of $18.5 million year-to-date despite low cycle production volumes [3][10]. - Cash and investments totaled $66.5 million, with $100 million available on the revolving credit facility and no outstanding debt, indicating a robust, debt-free balance sheet [10][11]. Outlook - The company revised its full-year guidance, now expecting consolidated net sales of approximately $275 million, adjusted EBITDA of approximately $20 million, and adjusted earnings per share of approximately $0.71 for fiscal 2025 [11][10]. - Capital expenditures are expected to be approximately $9 million for the year [11].

Core Insights - MasterCraft Boat Company has announced a strategic partnership with Performance Marine Watersports to enhance customer experience and service capabilities in the Lake of the Ozarks region [1][2][3] Group 1: Partnership Details - The partnership positions MasterCraft as a leader in the towboat category and aims to deliver best-in-class experiences for current and future MasterCraft owners [1] - Performance Marine Watersports is the first dedicated watersports dealership at Lake of the Ozarks, expanding its offerings with MasterCraft models designed for various water conditions [2] Group 2: Customer Experience - MasterCraft emphasizes the importance of exceptional ownership experiences, aligning with Performance Marine Watersports' commitment to personalized, high-quality service [3] - The dealership provides white-glove service with every boat purchase and offers convenient on-water demonstrations [3] Group 3: Future Plans - Performance Marine Watersports plans to host more events and owner reunions, aiming to grow the MasterCraft family in the region [4]

Core Points - MasterCraft Boat Holdings, Inc. will host a live webcast for its fiscal third quarter 2025 earnings conference call on May 7, 2025, at 8:30 a.m. EDT [1] - The call will feature discussions by the CEO, CFO, and Vice President of Finance regarding the Company's financial results [1] - A pre-market earnings release will be issued prior to the call on the same day [1] Access Information - Participants can access the conference call live via the Company's investor website by clicking on the webcast icon [2] - Telephone participants must register in advance to receive a confirmation email with dial-in details, including a 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, Tennessee, 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 can be found on its investor and brand websites [3]

Core Viewpoint - MasterCraft Boat Company is expanding its operations by opening a new location in St. George, Utah, to enhance service accessibility for existing customers and attract new ones [1][2][5]. Group 1: Expansion Details - The new MasterCraft Boats of Utah location in St. George aims to provide a more convenient service option for customers, reducing travel time from Salt Lake City [1]. - St. George is identified as an ideal market due to its thriving boating community and favorable climate for year-round boating activities [2]. Group 2: Company Reputation and Experience - MasterCraft Boats of Utah has been a trusted dealer since 1999, recognized for its innovation and customer satisfaction, having received multiple awards over the years [3]. - The dealership's team has over 100 years of combined industry experience, emphasizing their commitment to expert guidance and premium service [3]. Group 3: Services Offered - The new location will provide a range of services including maintenance, repairs, a pro shop, on-water demonstrations, customer events, and boat storage [4]. - The staff will consist of industry leaders and MasterCraft experts, positioning the location as a premier destination for boaters in southern Utah [4]. Group 4: Marketing and Community Engagement - To introduce the brand to the local market, MasterCraft Boats of Utah plans grand opening celebrations, including demo days and community meet-and-greets [5]. - A comprehensive digital advertising campaign will be launched to increase awareness, alongside prominent signage to attract boating enthusiasts [5]. Group 5: Market Positioning - This expansion is part of MasterCraft's strategy to strengthen its market share in key regions, ensuring customers have access to high-quality boats and superior service [6]. - The company continues to focus on delivering an exceptional on-water experience, reinforcing its position as the leading towboat brand [6].

Core Viewpoint - MasterCraft Boat Company is expanding its dealership presence into St. George, Utah, to enhance service accessibility and cater to the growing boating community in the region [1][2][6] Group 1: Expansion Details - The new MasterCraft Boats of Utah location in St. George aims to provide a convenient service option for existing customers and attract new ones, reducing travel needs to Salt Lake City [1][2] - The dealership has been a trusted partner since 1999 and has received multiple awards for customer satisfaction and service excellence [3] - The St. George location will offer a range of services including maintenance, repairs, on-water demos, and boat storage, positioning it as a premier destination for boaters in southern Utah [4] Group 2: Market Strategy - MasterCraft Boats of Utah plans to host grand opening celebrations and community events to introduce the brand to the local market, supported by a comprehensive digital advertising campaign [5] - The expansion is expected to increase MasterCraft's market share in southern Utah, aligning with the growing boating community in the area [6] Group 3: Company Background - MasterCraft is recognized as a leading innovator in the premium performance sport boat industry, with a history of over five decades in manufacturing high-quality boats [8] - MasterCraft Boat Holdings, Inc. operates under three brands: MasterCraft, Crest, and Balise, and is headquartered in Vonore, TN [9]

Company Overview - MasterCraft Boat Holdings, Inc. (MCFT) shares increased by 13.9% to close at $16.75, following a notable trading volume and a previous loss of 14.8% over the past four weeks [1] - The surge in share price is linked to President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, which has renewed investor optimism [1] Earnings Expectations - MasterCraft is expected to report quarterly earnings of $0.18 per share, reflecting a year-over-year decline of 51.4% [2] - Revenue projections stand at $75.37 million, down 21.3% compared to the same quarter last year [2] Stock Performance and Trends - The consensus EPS estimate for MasterCraft has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] - In comparison, Malibu Boats (MBUU), a competitor in the same industry, saw a 12.6% increase in its stock price, closing at $28.35, but has returned -19.6% over the past month [3] Competitor Analysis - Malibu Boats has a revised consensus EPS estimate of $0.66, which is a 4.8% increase from the previous year, but has seen a change of -6.2% over the past month [4] - Malibu currently holds a Zacks Rank of 4 (Sell), indicating a less favorable outlook compared to MasterCraft [4]

VONORE, Tenn., April 07, 2025 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) (the "Company"), today announced that Tim Oxley, Chief Financial Officer, has decided to retire from the Company, effective December 31, 2025. Scott Kent, Vice President of Finance, will succeed Mr. Oxley as Chief Financial Officer, effective July 1, 2025. Mr. Oxley will transition to serve as a special advisor to the executive team/Board from July 1, 2025 until December 31, 2025, to ensure a smooth transition of ...

Core Insights - MasterCraft Boat Company is launching the Rule the Water Demo Tour to showcase its new XStar lineup, which has received the NMMA Innovation Award [1][2] - The 2025 XStar lineup features advanced audio systems and design elements, enhancing the overall boating experience [2] - The tour will cover 57 stops across key markets, allowing potential customers to test drive the new models and explore the full range of MasterCraft boats [3] Company Overview - MasterCraft is recognized as a leading innovator in the premium performance sport boat industry, with a history of over five decades in manufacturing [5] - MasterCraft Boat Holdings, Inc. operates under three brands: MasterCraft, Crest, and Balise, and is headquartered in Vonore, TN [6]

Core Insights - MasterCraft Boat Company is launching the fifth annual 'Let Her Rip' campaign to empower women and girls in watersports [1][2] - The campaign will feature seven stops across the U.S., including new locations, and aims to foster inclusivity in the sport [2][4] - The initiative is supported by Progressive Insurance and Chevrolet, highlighting a commitment to female-focused programs [4][3] Company Overview - MasterCraft is a leading innovator and manufacturer of premium performance sport boats, established in 1968 [5][7] - The company focuses on building high-quality ski, wakeboard, wake surf, and luxury performance powerboats [5][7] Campaign Details - The 'Let Her Rip' campaign will take place from May through July 2025, with clinics led by professional female athletes [4][6] - The seven-stop tour includes locations such as Hot Springs, AR, Denver, CO, and Lake Tahoe, CA [6][4] - The program aims to provide hands-on instruction in boat driving and watersports techniques, catering to all skill levels [3][4]