Improved Profitability
Sequential profitability improved due to higher volumes, operating efficiencies, and a favorable mix over fiscal Q2, driven by the ramp in production of the premium XStar model.
Dealer Inventory Management
Dealer inventories across brands decreased by 30% over the last year, and by more than 45% compared to fiscal 2019, highlighting effective production planning and dealer support programs.
Recognition and Awards
The XStar model was awarded the NMMA Innovation Award in the Towboat Category, and both MasterCraft and CREST received NMMA Customer Satisfaction Index Awards for 2024.
Strong Balance Sheet
MasterCraft ended the quarter with $167 million in total liquidity, including $67 million in cash and short-term investments, and no debt.
Successful Share Repurchase Program
Repurchased over 115,000 shares in Q4 to date, with plans to accelerate the pace of repurchases.