MasterCraft launches lifestyle website

MasterCraft on Wednesday introduced its dedicated online lifestyle portal, The Craft. The site (craftlife.com) creates a lifestyle connection through shopping, stories, personalities, products and ultimately the fun of boating, the company said. “The Craft reflects our customers’ experiences both on and beyond the boat,” said Jay Povlin, MasterCraft vice president of sales and marketing. “Our …
Boating Industry

Sales up for MasterCraft in Q4, fiscal year 2016

On Thursday, MasterCraft (NASDAQ:MCFT) announced financial results for its fiscal 2016 fourth quarter and full year ended June 30, 2016. Fiscal Q4 highlights: Gross margin rose to 26.3 percent for the fourth quarter, a 300 basis point improvement over the prior-year fourth quarter Fiscal 2016 fourth quarter net income totaled $ 4.8 million, up from $ 2.5 million in …
Boating Industry

MasterCraft schedules fiscal 2016 Q4 earnings conference call

MasterCraft (NASDAQ:MCFT) will host a live webcast of its fiscal 2016 fourth quarter conference call on Thursday, Sept. 8, 2016, at 5:00 p.m. ET. Terry McNew, president and chief executive officer, and Tim Oxley, chief financial officer, will discuss the company’s results for its fiscal fourth quarter ended June 30, 2016, and its financial outlook for fiscal 2017. The company will …
Boating Industry

MasterCraft introduces Dockstar Handling System

MasterCraft has introduced its new Dockstar Handling System that enables boaters to drive in reverse and more easily navigate tight docks and crowded marinas. MasterCraft’s engineering team addressed two important goals with the Dockstar Handling System: enable drivers to control a boat in both directions in reverse and improve the docking and maneuverability capabilities of …
Boating Industry

Sales, income up for MasterCraft in Q3

MasterCraft on Thursday announced financial results for its fiscal 2016 third quarter, ended March 27, 2016. Highlights: Net sales were $ 57.0 million, an increase of 11.6 percent versus the year-earlier period excluding the terminated Hydra-Sports manufacturing contract Total third-quarter net sales rose 5.1 percent versus prior-year third quarter net sales of $ 54.3 million including Hydra-Sports …
Boating Industry

MasterCraft announces resignation of COO Shane Chittum

MasterCraft (NASDAQ:MCFT) announced Friday that it has accepted the resignation of Chief Operating Officer Shane Chittum, effective April 1, 2016. Chittum, who joined the company in June 2011, is leaving to pursue another business opportunity. MasterCraft also announced that it has promoted Larry Janosek from director of manufacturing to vice president of operations. Janosek will assume Chittum’s […]
Boating Industry

MasterCraft wins IndustryWeek Best Plants award

MasterCraft Boats has been named among the 2015 IndustryWeek Best Plants, honoring operational excellence in leading-edge manufacturing facilities across North America. For more than two decades, the IndustryWeek Best Plants award has recognized companies that have successfully implemented strategies to increase competitiveness, enhance customer satisfaction and foster stimulating work environments. The goal is for other […]
Boating Industry

MasterCraft sales up 7 percent for quarter

MasterCraft posted a net sales gain of 7 percent and unit growth of 10 percent for the first quarter of fiscal 2016, the company reported Thursday. “We kicked off fiscal 2016 with very strong performance, delivering notable top- and bottom-line increases, and double-digit unit volume growth,” said Terry McNew, MasterCraft’s president and CEO. “These gains were […]
Boating Industry

Sellhorst and MasterCraft dealer partner on free webinar

CHARLOTTE, N.C. – Chris Lamanna, owner of NorCal MasterCraft, has teamed up with Matt Sellhorst of Boat Dealer Profits to deliver a webinar, “How to Boost Profits with the Telephone,” on September 10 at 12:00 and 7:00 p.m. EST. During this webinar, Lamanna will share his 35 years of marine industry experience and his dealership’s […]
Boating Industry