MASTERCRAFT BOAT HLDGS

MasterCraft settled a shareholder lawsuit filed earlier this year and will pay $425,000 to cover attorneys’ fees and costs. The dispute concerned a clause in a shareholder agreement allowing removal of nominated directors, which MasterCraft and the affected shareholders removed by amendment on March 11; the company stressed the settlement is not an admission of liability. The settlement and corrective filings were disclosed in SEC filings, and the chancery court dismissed the case subject to the filing of an affidavit. Additionally, MasterCraft reported better-than-expected Q3 results and the completion of its acquisition of Marine Products. » Altro su de.investing.com

MasterCraft shareholders approved the merger with Marine Products planned for May 15, 2026, as a combined stock-and-cash transaction; the main proposal was adopted with 13,740,660 votes in favor. The transaction will take place in two steps, so that Marine Products will ultimately become a subsidiary of MasterCraft, and the Hart-Scott-Rodino waiting period has already expired. MasterCraft enters the merger with a strong balance sheet (more cash than debt), a market capitalization of USD 407 million and a stock gain of around 40% year to date; Q3 results also beat expectations (EPS USD 0.45, revenue USD 78.21 million). » Altro su de.investing.com

MasterCraft has unveiled the relaunched 23-foot towboat X23, featuring a redesigned hull, the SurfStar ballast system (3,800 lb), and two digital panorama displays with keyless ignition. Optional equipment includes a four-camera system, an electric Z9 tower, and a 6.2-liter supercharged engine with 630 hp/665 lb-ft; standard is a 6.2-liter Ilmor GDI engine. The boat is available through MasterCraft dealers and will be test-driven as part of the “2026 Rule the Water Tour.” MasterCraft’s parent company MCFT has seen its share price rise 44% over the past twelve months; analysts still consider the stock undervalued according to InvestingPro, and the balance-sheet metric Piotroski score is 9. » Altro su de.investing.com