MasterCraft Agrees to Sell Merritt Island Boat Manufacturing Plant
MasterCraft Boat Holdings, Inc. (MCFT)
Last mastercraft boat holdings, inc. earnings: 2/5 07:30 am
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US:NASDAQ Investor Relations:
investors.mastercraft.com/node/5806
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Source: GlobeNewswire
VONORE, Tenn., Sept. 12, 2024 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) (the “Company”), today announced that it has entered into an agreement to sell its boat manufacturing plant located in Merritt Island, Florida. As previously announced, the Company held the facility for open market sale following its agreement to transfer the rights to its Aviara brand to a third party. Brad Nelson, Chief Executive Officer, commented, “We are pleased to announce the sale of our Aviara manufacturing property and facilities to RMI Holdings, Inc., the parent company of Regal Boats. We deeply appreciate the opportunity to transact with a great local boating partner, which we anticipate will continue the rich heritage of boat building in the Merritt Island community.” Nelson continued, “The cash proceeds from the transaction further add to our strong financial position, which has provided us with the flexibility to pursue our strategic initiatives, which is focused
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News
- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) had its price target lowered by analysts at DA Davidson from $20.00 to $17.00. They now have a "neutral" rating on the stock.MarketBeat
- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- MasterCraft Boat Holdings (NASDAQ:MCFT) shareholders have endured a 31% loss from investing in the stock three years ago [Yahoo! Finance]Yahoo! Finance
- MasterCraft Boat's Q4 Earnings Beat Estimates, Stock Down [Yahoo! Finance]Yahoo! Finance
- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) had its "hold" rating re-affirmed by analysts at Truist Financial Co.. They now have a $15.00 price target on the stock.MarketBeat
MCFT
Earnings
- 8/29/24 - Beat
MCFT
Sec Filings
- 9/12/24 - Form 8-K
- 9/11/24 - Form PRE
- 9/5/24 - Form 4
- MCFT's page on the SEC website