Company Financials

Covid-related production disruptions lead Mastercraft to $36.7m Q3 loss

IBI , by Craig Ritchie, Arlene Sloan2020-05-06T15:45:00

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March production cutbacks lead to 20% YOY drop in net sales, 32% drop in gross profit

Tennessee, US-based boatbuilder MasterCraft Boat Holdings Inc released its 2020 third-quarter results on May 6, noting sales and profit decreases resulting from production cutbacks and ensuing plant shutdowns in response to the Covid-19 pandemic.

IBI shares a breakout of the company’s unit sales and revenues by brand along with CEO Fred Brightbill’s additional comments on current market conditions in his conversation with analysts today…

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