Successful Inventory Management
MasterCraft reduced dealer inventories by over 30% year-over-year, indicating effective inventory management amidst a challenging retail environment.
Positive Reception of MasterCraft XStar Lineup
The new MasterCraft XStar lineup received overwhelmingly positive consumer reactions, generating significant demand and interest across the product portfolio.
Strong Balance Sheet and Cash Flow
The company ended the quarter with nearly $63 million in cash and no debt, generating $11 million of free cash flow during the quarter.
Sale of Merritt Island Facility
Successfully closed the sale of the Merritt Island facility, resulting in net cash proceeds of over $26 million, enhancing financial flexibility.