MasterCraft Boat Holdings, Inc. Files Quarterly Report (10-Q)

TL;DR

<b>MasterCraft Boat Holdings, Inc. filed its quarterly report (10-Q) for the period ending December 31, 2023.</b>

AI Summary

MasterCraft Boat Holdings, Inc. (MCFT) filed a Quarterly Report (10-Q) with the SEC on February 7, 2024. Filed 10-Q for the period ending December 31, 2023. Company previously known as MCBC Holdings, Inc., name changed March 31, 2015. Fiscal year ends June 30. Business and mailing address: 100 Cherokee Cove Drive, Vonore, TN 37855. Business phone number: (423) 884-2221.

Why It Matters

For investors and stakeholders tracking MasterCraft Boat Holdings, Inc., this filing contains several important signals. This filing provides an update on the company's financial performance and operational status for the most recent quarter. As a public document, it offers transparency to investors and stakeholders regarding the company's financial health and strategic direction.

Risk Assessment

Risk Level: low — MasterCraft Boat Holdings, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant financial or operational disclosures that would alter the risk profile.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-Q to understand the company's performance and outlook.

Key Numbers

• 2023-12-31 — Reporting Period End Date (Conformed period of report)
• 2024-02-07 — Filing Date (Filed as of date)
• 2015-03-31 — Date of Name Change (Former company name MCBC Holdings, Inc.)
• 06-30 — Fiscal Year End (Fiscal year end)

Key Players & Entities

• MasterCraft Boat Holdings, Inc. (company) — Filer name
• MCBC Holdings, Inc. (company) — Former company name
• 2023-12-31 (date) — Conformed period of report
• 2024-02-07 (date) — Filed as of date
• 100 Cherokee Cove Drive, Vonore, TN 37855 (address) — Business address
• (423) 884-2221 (phone) — Business phone

Forward-Looking Statements

• MasterCraft's capital structure will remain stable in the near term, given the consistent common stock value. (MasterCraft Boat Holdings, Inc.) — medium confidence, target: 2024-06-30

FAQ

Industry Context

MasterCraft Boat Holdings operates in the recreational boating industry, manufacturing various types of boats.

Regulatory Implications

This filing is a standard SEC Form 10-Q, which is a quarterly report required by the Securities and Exchange Commission for publicly traded companies.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow.
2. Review management's discussion and analysis for insights into business performance and outlook.
3. Check for any new risk factors or updates to existing ones.

Year-Over-Year Comparison

This is a 10-Q filing, which is a standard quarterly report. Specific comparative data from the previous filing is not detailed in this header information.

Key Financial Figures

• $0.01 — he Registrant's common stock, par value $0.01 per share, issued and outstanding. TA

Filing Documents

• mcft-20231231.htm (10-Q) — 2362KB
• mcft-ex31_1.htm (EX-31.1) — 16KB
• mcft-ex31_2.htm (EX-31.2) — 16KB
• mcft-ex32_1.htm (EX-32.1) — 9KB
• mcft-ex32_2.htm (EX-32.2) — 9KB
• img155753607_0.jpg (GRAPHIC) — 19KB
• 0000950170-24-012011.txt (&nbsp;) — 8946KB
• mcft-20231231.xsd (EX-101.SCH) — 1027KB
• mcft-20231231_htm.xml (XML) — 1811KB

Financial Statements

Financial Statements Unaudited Condensed Consolidated Statements of Operations 4 Unaudited Condensed Consolidated Balance Sheets 5 Unaudited Condensed Consolidated Statements of Equity 6 Unaudited Condensed Consolidated Statements of Cash Flows 7 Notes to Unaudited Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 25 Item 4.

Controls and Procedures

Controls and Procedures 25 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 26 Item 1A.

Risk Factors

Risk Factors 26 Item 2. Unregistered Sales of Securities and Use of Proceeds 26 Item 3. Defaults Upon Senior Securities 26 Item 4. Mine Safety Disclosures 26 Item 5. Other Information 26 Item 6. Exhibits, Financial Statement Schedules 28

SIGNATURES

SIGNATURES 29 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains certain "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements can generally be identified by the use of statements that include words such as "could," "may," "might," "will," "expect," "likely," "believe," "continue," "anticipate," "estimate," "intend," "plan," "project" and other similar words or phrases. Forward-looking statements involve estimates and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The forward-looking statements contained in this Quarterly Report on Form 10-Q are based on assumptions that we have made considering our industry experience and our perceptions of historical trends, current conditions, expected future developments and other important factors we believe are appropriate under the circumstances. As you read and consider this Quarterly Report on Form 10-Q, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond our control) and assumptions. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many important factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance anticipated in the forward-looking statements, including but not limited to the following: changes in interest rates, the potential effects of supply chain disruptions and production inefficiencies, general economic conditions, demand for our products, inflation, changes in consumer preferences, competition within our industry, our reliance on our network of independent dealers, our ability to manage our manufacturing levels and our fixed cost base, the successful introduction of our new prod

View Full Filing

View this 10-Q filing on SEC EDGAR