other material
confidence high
sentiment neutral
materiality 0.65
MasterCraft Boat Holdings reviews strategic alternatives for NauticStar business; reaffirms FY2022 guidance
MasterCraft Boat Holdings, Inc.
- Board evaluating strategic alternatives for NauticStar including potential sale of assets.
- NauticStar to be accounted for as discontinued operations beginning Q1 fiscal 2023.
- Company reaffirms full year FY2022 guidance provided on May 11, 2022.
- CEO states decision allows focus on MasterCraft, Crest, and Aviara brands.
- No timetable set and no assurance that a transaction will occur.