Trade MasterCraft Boat Holdings Inc - MCFT CFD

Mastercraft Boat Company profile

About Mastercraft Boat Holdings Inc

MasterCraft Boat Holdings, Inc. is a designer, manufacturer and marketer of recreational powerboats. The Company sells powerboats under a diversified portfolio of four brands, MasterCraft, NauticStar, Crest and Aviara. The Company operates through three segments: MasterCraft, NauticStar and The Crest. The MasterCraft segment produces boats under two product brands, MasterCraft and Aviara. MasterCraft boats are produced at the Company’s Vonore, Tennessee facility. These are recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating. Aviara boats are primarily used for general recreational boating. The NauticStar segment produces boats at its Amory, Mississippi facility. NauticStar’s boats are primarily used for saltwater fishing and general recreational boating. The Crest segment produces pontoon boats at its Owosso, Michigan facility. Crest’s boats are primarily used for general recreational boating.

Financial summary

BRIEF: For the 27 weeks ended 02 January 2022, Mastercraft Boat Holdings Inc revenues increased 36% to $303.5M. Net income increased 17% to $25.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by MasterCraft segment income decrease of 24% to $21.3M, NauticStar segment loss increase of 58% to $3.1M.