MasterCraft Reports Most Profitable Q1 in Company History
November 12, 2020
The company expects to increase production throughout 2021 to meet demand.
The company expects to increase production throughout 2021 to meet demand.
Reuters reported that the investor is pushing for an acquisition.
The $58 million drop in revenue was less of a loss than expected.
The builder expands its NXT Series with the largest vessel in the model line.
Net sales were down 20 percent, and the company withdrew its 2020 guidance.
MasterCraft is the latest builder to report lower quarterly sales, saying today it is “right-sizing” dealer inventory after a slow summer sales season.
The company’s board also announced that Roch Lambert will become its lead independent director.
Weather-related sales dips prompted the company to right-size inventory levels.
The CEO will pursue an opportunity outside the boating industry.
The company is forecasting a slight decrease for 2020 sales, while making weekly adjustments to dealer inventory pipelines.
The company expects to increase production throughout 2021 to meet demand.
Reuters reported that the investor is pushing for an acquisition.
The $58 million drop in revenue was less of a loss than expected.
The builder expands its NXT Series with the largest vessel in the model line.
Net sales were down 20 percent, and the company withdrew its 2020 guidance.
MasterCraft is the latest builder to report lower quarterly sales, saying today it is “right-sizing” dealer inventory after a slow summer sales season.
The company’s board also announced that Roch Lambert will become its lead independent director.
Weather-related sales dips prompted the company to right-size inventory levels.
The CEO will pursue an opportunity outside the boating industry.
The company is forecasting a slight decrease for 2020 sales, while making weekly adjustments to dealer inventory pipelines.
