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MasterCraft Boat Holdings completes acquisition of Marine Products; pro forma FY2025 net sales $508.6M
Pro forma combined net sales $508.6M for FY2025, $403.2M for nine months ended March 2026.
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MasterCraft settles stockholder lawsuit over director removal provision; pays $425k in fees
Plaintiff filed class action on Feb 11, 2026, challenging stockholders agreement provision requiring consent to remove certain director nominees.
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MasterCraft completes acquisition of Marine Products; creates diversified marine portfolio
Each MPX share converted into $2.43 cash plus 0.232 MCFT shares; MPX ceased trading on NYSE.
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MasterCraft stockholders approve merger with Marine Products; closing expected May 15
Stockholders approved Share Issuance Proposal with 13,740,660 for, 6,290 against, 19,003 abstain.
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MasterCraft Q3 net sales $78.2M (+3% YoY); adj EPS $0.45 vs $0.30; FY26 sales guided $312M
Net sales $78.2M, up 3% YoY; GAAP diluted loss $0.04 vs prior-year income $0.23, but adjusted EPS $0.45 vs $0.30.
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MasterCraft adds DCF ranges and Truist compensation details to proxy after stockholder suits
Two shareholder lawsuits filed April 22 in NY state court allege misleading statements in merger proxy; MasterCraft denies allegations but voluntarily supplements disclosures.
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MasterCraft to buy Marine Products for ~$232M; Q2 sales up 13%, raises FY guidance
Acquires Marine Products (Chaparral, Robalo) for $2.43 cash + 0.232 shares per MPX share, valuing ~$7.79/share, total $232.2M net of cash.
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MasterCraft to acquire Marine Products for $2.43 cash and 0.232 shares per share
Merger consideration: each Marine Products share converts to 0.232 MasterCraft shares plus $2.43 cash.
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MasterCraft Q1 adjusted EPS $0.28, up from $0.12; raises FY2026 guidance
Net sales $69.0M, +5.6% YoY; gross margin improved 420 bps to 9.7%.
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MasterCraft Boat Holdings shareholders elect all seven director nominees, ratify auditor, approve say-on-pay
All seven director nominees elected with over 13 million votes each; non-votes of 1,107,511.
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MasterCraft Q4 net sales up 46% to $79.5M; FY 2026 guidance implies growth
Q4 net sales $79.5M (+46.4% YoY); diluted EPS $0.33 vs $0.02; adjusted EPS $0.40 vs $0.04.
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MasterCraft Q3 net sales down 9.5% to $76M; cuts FY2025 guidance
Net sales $76.0M (-9.5% YoY); income from continuing ops $3.8M ($0.23 diluted).
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MasterCraft CFO Tim Oxley retires June 30; Scott Kent named successor CFO July 1
Oxley resigns as CFO effective June 30, 2025, retires Dec 31, 2025; serves as special advisor through transition.
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MasterCraft appoints Mike O'Connell as Pontoon segment President; Steinbarger departs
George Steinbarger departed as President of Pontoon segment effective Feb 24, 2025.
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MasterCraft Q2 net sales $63.4M (-29% YoY), Adj EPS $0.10, narrows FY25 guidance
Net sales fell 29.4% to $63.4M; income from continuing ops $0.4M ($0.03 diluted EPS).
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MasterCraft Boat Holdings closes sale of Florida real property for $26.1M net proceeds
Sale of Merritt Island, Florida property to RMI Holdings, Inc. completed on December 23, 2024.
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MasterCraft Q1 sales down 31% to $65.4M; adj EBITDA $3.8M; raises low end of FY guidance
Net sales fell 30.7% YoY to $65.4M; income from cont ops $1.0M ($0.06 EPS) vs $8.5M ($0.50).
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MasterCraft Boat Holdings completes Aviara brand disposition to MarineMax subsidiary
Closed on October 18, 2024; transferred Aviara brand to Cruisers Yachts (MarineMax subsidiary).
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MasterCraft Boat Holdings annual meeting: all four proposals approved by shareholders
Eight director nominees elected, including W. Patrick Battle and Jaclyn Baumgarten; each received over 13.8M votes for.
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MasterCraft amends credit agreement to permit Aviara Boats asset sale, dissolves units
Fourth Amendment to $100M revolving credit facility; consents to asset sales of Aviara Boats, Mastercraft Services, and Mastercraft International Sales before Dec 31, 2024.
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MasterCraft sells Merritt Island plant to Regal Boats parent for $26.5M
Agreement to sell Merritt Island, FL manufacturing facility to RMI Holdings (Regal Boats parent) for $26.5 million.
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MasterCraft Boat FY2024 sales down 44.6%, net income $8.7M; Aviara to be discontinued
Q4 net sales $67.2M, down 59.7% YoY; net loss from cont. ops $8.1M ($0.49 loss per share).
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MasterCraft transfers Aviara brand to MarineMax; will close Merritt Island facility
Asset exchange agreement transfers Aviara brand and related assets to MarineMax subsidiary Cruisers Yachts.
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MasterCraft Q3 net sales down 42.6% to $95.7M; cuts full-year guidance
Net sales $95.7M, down 42.6% YoY; net income $3.8M ($0.23 diluted EPS) vs $22.8M.
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MasterCraft Boat Holdings appoints Brad Nelson as CEO, Brightbill to retire
Brad Nelson named CEO effective March 18, 2024; also joins the Board of Directors.
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MasterCraft Q2 net sales down 37.5% to $99.5M; adjusted EPS $0.37, down 69.2%
Net sales $99.5M, down 37.5% YoY; net income from continuing ops $5.9M ($0.35 diluted EPS).
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MasterCraft Boat Holdings replaces Aviara President; Cloutier out, O'Connell in
Stephan Cloutier and MasterCraft parted ways effective December 11, 2023.
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MasterCraft Boat Q1 FY2024: Net sales $104.2M (-38.5% YoY), adj EPS $0.47 (-67%), maintains FY guidance
Net sales $104.2M, down 38.5% YoY; net income from cont. ops $7.1M ($0.41 diluted).
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MasterCraft Boat Holdings annual meeting ratifies board, auditor, and executive comp
All eight director nominees elected: W. Patrick Battle, Jaclyn Baumgarten, Frederick A. Brightbill, Donald C. Campion, Jennifer Deason, Roch Lambert, Peter G. Leemputte, Kamilah Mitchell-Thomas.
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MasterCraft reports record FY23 profit but Q4 sales down 15.5%; FY24 guide steep decline
Q4 net sales $166.6M (-15.5% YoY); net income $23.1M (-31.2%); Adjusted EBITDA $32.7M (-31.3%).
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MasterCraft appoints George Steinbarger President of Crest Marine subsidiary
George Steinbarger named President of Crest Marine, LLC effective August 9, 2023.
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MasterCraft Boat Holdings authorizes new $50M share repurchase program
Board authorized repurchase of up to $50M of common stock, effective upon expiration of existing $50M authorization.
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Crest President Patrick May to retire effective June 30, 2023
Patrick May, President of Crest division, will retire on June 30, 2023.
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MasterCraft Q3 net sales $166.8M (-1.5% YoY); raises FY23 guidance
Net income from cont. ops $22.8M ($1.28 diluted EPS); adj. EPS $1.36 flat YoY.
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MasterCraft reports record Q2 sales $159.2M, raises FY2023 guidance
Net sales $159.2M (+10.2% YoY); net income $20.0M ($1.12 diluted, +19.1% EPS).
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MasterCraft Q1 record net sales $169.5M (+29.7%); raises FY23 guidance
Q1 net income from continuing ops $24.6M ($1.37 diluted EPS) vs $12.2M ($0.65) YoY.
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MasterCraft annual meeting elects seven directors, ratifies auditor, approves say-on-pay
All seven director nominees elected; highest votes 14.74M (Leemputte), lowest 14.58M (Lambert).
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MasterCraft appoints Kamilah Mitchell-Thomas to Board; TJ Chung not standing for re-election
Mitchell-Thomas joins as independent director effective Nov 15, 2022.
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MasterCraft Boat record FY: rev $708M, adj EPS $4.54; sells NauticStar segment
Record FY2022 net sales $707.9M (+34.6% YoY); adj diluted EPS $4.54 (+37.2%).
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MasterCraft Boat Holdings reviews strategic alternatives for NauticStar business; reaffirms FY2022 guidance
Board evaluating strategic alternatives for NauticStar including potential sale of assets.
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MasterCraft posts record Q3: net sales $186.7M up 26%, adjusted EPS $1.21 up 20%
Net sales $186.7M (+26.3% YoY); net income $20.9M (+19.2%); diluted EPS $1.13 (+21.5%).
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MasterCraft Boat Holdings announces departure of NauticStar President Scott Womack
Scott Womack, President of NauticStar, parted ways effective February 16, 2022.
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MasterCraft reports record Q2; net sales up 34% to $159.5M, raises FY guidance
Net sales $159.5M (+34.4% YoY); net income $15.4M (+23.2%); diluted EPS $0.81 (+22.7%).