MasterCraft Boat Holdings, Inc. Announces New $50 Million Share Repurchase Authorization
24 Julho 2023 - 5:05PM
MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) (the “Company”)
announced today that its Board of Directors has authorized a new
share repurchase authorization under which the Company may
repurchase up to $50 million of its outstanding shares of common
stock. The new authorization will become effective upon the
expiration of the Company’s existing $50 million share repurchase
authorization.
The timing and amount of any share repurchases will be
determined by the Company’s management at its discretion based on
ongoing assessments of the capital needs of the business, the
market price of the Company’s common stock and general market
conditions. Share repurchases under the program may be made through
a variety of methods, which may include open market purchases,
accelerated share repurchases, tender offers, privately negotiated
transactions or otherwise. The program has no expiration date and
does not obligate the Company to acquire any particular amount of
its common stock, and the share repurchase program may be suspended
or discontinued at any time at the Company’s discretion.
About MasterCraft Boat Holdings,
Inc.Headquartered in Vonore, TN, MasterCraft
Boat Holdings, Inc. (NASDAQ: MCFT) is a leading innovator,
designer, manufacturer and marketer of premium recreational
powerboats through its three wholly-owned brands, MasterCraft,
Crest and Aviara. Through these three brands, MasterCraft Boat
Holdings has leading market share positions in two of the
fastest-growing segments of the powerboat industry – performance
sport boats and pontoon boats -- while entering the large, growing
luxury day boat segment. For more information about MasterCraft
Boat Holdings, and its three brands, visit:
investors.mastercraft.com, www.MasterCraft.com,
www.CrestPontoonBoats.com, and www.AviaraBoats.com.
Forward-Looking StatementsThis press release
includes forward-looking statements (as such term is defined in the
Private Securities Litigation Reform Act of 1995). Forward-looking
statements can often be identified by such words and phrases as
“believes,” “anticipates,” “expects,” “intends,” “estimates,”
“may,” “will,” “should,” “continue” and similar expressions,
comparable terminology or the negative thereof, and include
statements in this press release concerning our share repurchase
program.
Forward-looking statements are subject to risks, uncertainties
and other important factors that could cause actual results to
differ materially from those expressed or implied in the
forward-looking statements, including, but not limited to: 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 products, geopolitical conflicts and
financial institution disruptions. These and other important
factors discussed under the caption “Risk Factors” in our Annual
Report on Form 10-K for the fiscal year ended June 30, 2022, filed
with the Securities and Exchange Commission (the “SEC”) on
September 9, 2022 and our Quarterly Report on Form 10-Q for the
fiscal quarter ended April 2, 2023, filed with the SEC on May 10,
2023, could cause actual results to differ materially from those
indicated by the forward-looking statements. The discussion of
these risks is specifically incorporated by reference into this
press release.
Any such forward-looking statements represent management's
estimates as of the date of this press release. These
forward-looking statements should not be relied upon as
representing our views as of any date subsequent to the date of
this press release. We undertake no obligation (and we expressly
disclaim any obligation) to update or supplement any
forward-looking statements that may become untrue or cause our
views to change, whether because of new information, future events,
changes in assumptions or otherwise. Comparison of results for
current and prior periods are not intended to express any future
trends or indications of future performance, unless expressed as
such, and should only be viewed as historical data.
Investor Contact:MasterCraft Boat Holdings,
Inc.Bobby PotterDirector of Treasury and Investor Relations(423)
884-7139bobby.potter@mastercraft.com
MasterCraft Boat (NASDAQ:MCFT)
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