Company Financials

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

IBI 2020-05-06T15:45:00

28XS-running_0058

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…

To continue reading, please see the subscription options below for accessing IBI Premium Content.

This is premium content

You must be a subscriber and signed-in to access this content.

IBI Magazine_Website_promo_July

 

Upgrade your access to ibinews.com

Want to read some premium content, but don’t need unlimited IBI Plus access?

Then go for the IBI Upgrade package which, for the cost of a couple of coffees a week:

  • 20 Premium IBI Plus stories per month
  • IBI Daily News email
  • All non-premium content on offer
  • £20/month or £200/year
  • Payable by credit card

OR subscribe to IBI Plus for even more benefits

  • Breaking industry news as it happens
  • Unlimited access to all IBI Plus Premium content, including:
  • Industry statistics
  • Market reports
  • Company insights
  • In-depth segment reports
  • Our archive of more than 30,000 news items and features
  • Plus manage your password, contact details and save articles under ’My Account’
  • Starting at £375/year with volume discounts for 5 or more users

Get access to IBI Plus Premium content Subscribe Today

Alternatively REGISTER to receive IBI Daily News & Breaking News alerts for free.

Already a subscriber? Sign-in now at the top of this page.