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

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.

SUBSCRIBER-ONLY CONTENT

To continue reading, subscribe TODAY!

Gain instant unlimited access to all IBI Plus subscriber content.

  • Subscriptions start from just £35 / €40 / $45 per month
  • Access to global report, insights and news at your fingertips
  • 100% Money back guarantee - Cancel anytime

 

UNLOCK ARTICLE  & KEEP READING – SUBCRIBE TODAY

No commitment, cancel anytime*
Offer ends 31 July 2024
* Cancel anytime during first 4 weeks after initial payment and no further payments will be taken.
Inclusive of applicable taxes (VAT)

 

   Already have a subscription?   

Sign-in to your account