MasterCraft Boat Holdings, Inc. - MCFT STOCK NEWS

MasterCraft Boat (NASDAQ: MCFT) will showcase its redesigned flagship model, the XStar, at the Barrett-Jackson Auction in Scottsdale, Arizona, from January 19-26. The display will feature both the 23-foot and new 25-foot XStar models alongside a Chevrolet Silverado HD 2500, marking the launch of their new partnership where Silverado becomes the brand's 'Official Truck & Tow Vehicle'.

The XStar lineup features the new MAAX System for enhanced audio, a redesigned helm, and the Z100 tower. Powered by Ilmor's Supercharged 6.2L engine delivering 630 horsepower and 665 lb-ft of torque, the XStar combines with MasterCraft's SurfStar system and redesigned hull configuration. Following the event, MasterCraft will conduct a nationwide roadshow with over 100 stops, showcasing both the Silverado HD 2500 and XStar models.

MasterCraft Boat Company (NASDAQ: MCFT) has unveiled its all-new XStar lineup for 2025, featuring completely redesigned 23- and 25-foot models. The new flagship vessels include groundbreaking features such as the MasterCraft Aft Audio Experience (MAAX) with 4,200 watts of peak power, and the exclusive Z100 tower with power folding capabilities.

Both models come standard with an Ilmor Supercharged 6.2L engine, delivering 630 horsepower and 665 lb-ft of torque. The boats feature advanced technology including a 4-camera visibility system, dual-screen configuration with 15-inch and 12-inch displays, and MasterCraft Connect app integration. The XStar lineup includes enhanced wake performance through the SurfStar system and new hull design, offering over 1,500 pounds of additional dry weight compared to previous models.

The company also introduced the XStar Concierge program, providing 24/7 dedicated expert service and support for XStar owners.

MasterCraft Boat Company has announced an exclusive partnership with General Motors, naming Chevrolet Silverado as its Official Truck & Tow Vehicle for 2025 and beyond. The collaboration builds on MasterCraft's existing relationship with Ilmor Marine, which uses GM's marine technology.

As part of the deal, MasterCraft will receive eight Chevrolet Silverado 2500HD trucks for use at various events, including 32 boat shows and 51 Rule The Water Tour stops. The partnership highlights the technical synergy between the companies, particularly in the 5.3L GDI HO engine used in MasterCraft boats, which is adapted from Silverado's engine by Ilmor to meet marine requirements while maintaining reliability and power.

Helios Technologies (NYSE: HLIO) announces the market introduction of PowerView® U150 and PowerView® U120 displays, now available on select MY25 MasterCraft boats through its operating company, Enovation Controls. The displays, developed over a three-year lifecycle, will be featured on MasterCraft's XStar, X and XT boats. The new displays offer best-in-class viewability, exceptional durability against harsh marine conditions, user-friendly interface, and seamless integration. This launch marks over 15 years of collaboration between Helios and MasterCraft.

MasterCraft Boat Holdings reported fiscal 2025 first quarter results with net sales of $65.4 million, down 30.7% year-over-year. Income from continuing operations was $1.0 million ($0.06 per diluted share), while Adjusted Net Income reached $1.9 million ($0.12 per diluted share). The company completed $3.5 million in share repurchases during the quarter.

The company updated its fiscal 2025 guidance, projecting consolidated net sales between $270-300 million, Adjusted EBITDA of $17-26 million, and Adjusted Earnings per share of $0.55-0.95. For Q2 2025, MasterCraft expects net sales of approximately $60 million with Adjusted EBITDA of $1 million.

MasterCraft Boat Holdings (NASDAQ: MCFT) has announced it will host a live webcast of its fiscal first quarter 2025 earnings conference call on Wednesday, November 6, 2024, at 8:30 a.m. EST. CEO Brad Nelson and CFO Tim Oxley will discuss the company's financial results. A pre-market earnings release will be issued before the call. Investors can access the webcast through the company's website at Investors.MasterCraft.com, or join via telephone by registering in advance. A replay will be available on the company's website after the call.

MasterCraft Boat Company, a subsidiary of MasterCraft Boat Holdings (NASDAQ: MCFT), recently hosted a successful dealer meeting at its Tennessee factory. The event brought together the company's dealer network for a day focused on education, celebration, and innovation. As the world's best-selling towboat brand, MasterCraft used this gathering to honor its legacy while introducing new initiatives for the future.

The meeting provided an opportunity for dealers to strengthen partnerships and gain insights into MasterCraft's latest advancements. While specific details of new products or strategies were not disclosed, the event emphasized the company's commitment to maintaining its leadership position in the towboat industry through continued innovation and strong dealer relationships.

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) has announced an agreement to sell its boat manufacturing plant in Merritt Island, Florida. This sale follows the company's previous decision to transfer the rights of its Aviara brand to a third party. The buyer, RMI Holdings, Inc., is the parent company of Regal Boats. CEO Brad Nelson expressed satisfaction with the transaction, highlighting the buyer's local presence and potential to continue the area's boat-building tradition. The sale is expected to strengthen MasterCraft's financial position, providing flexibility for strategic initiatives focused on their core brands: MasterCraft, Crest, and Balise. The deal is anticipated to close in the company's fiscal second quarter, subject to customary conditions.

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) reported financial results for fiscal 2024. Net sales for Q4 were $67.2 million, down 59.7% year-over-year, with a net loss of $8.1 million. Full-year net sales were $366.6 million, down 44.6%. The company faced challenges due to economic uncertainty and a competitive retail landscape. Key points include:

- Q4 Adjusted EBITDA: $0.8 million, down 97.4%
- Full-year net income: $8.7 million, or $0.51 per diluted share
- Full-year Adjusted EBITDA: $32.9 million, down 74.9%
- Cash and investments: $86.2 million
- Total debt: $49.3 million

MasterCraft plans to transfer rights to its Aviara brand. For fiscal 2025, the company projects net sales between $265-300 million and Adjusted EBITDA of $15-26 million.