Strong Fourth Quarter Performance
Q4 net sales increased by $25 million or 46% year-over-year, and adjusted EBITDA rose nearly $8 million, driven by robust demand and disciplined cost control.
Debt-Free Balance Sheet
MasterCraft fully repaid all outstanding debt, resulting in a net cash and investments increase by more than $42 million to $79 million, leaving the company debt-free.
Significant Dealer Inventory Reduction
Over 900 units were removed from dealer inventories, marking the largest Q3 to Q4 field inventory reduction in the company's history, excluding the pandemic.
Product Innovation and Launches
Launch of the flagship XStar product and plans for an all-new redesigned MasterCraft X Family, along with new features such as advanced stern thruster and keyless ignition.