MasterCraft Files for $100M IPO

MCBC Holdings, Inc., filed a registration with the U.S. SEC for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $100 million.

Underwriters on the offering include: Baird, Raymond James, and Wells Fargo Securities.

Key financial highlights:

-- net sales growth from $137.3 million to $177.6 million from fiscal 2012 to fiscal 2014, representing a compound annual growth rate ("CAGR") of 13.7%;

-- net sales growth of MasterCraft-branded products from $118.4 million to $163.6 million from fiscal 2012 to fiscal 2014, representing a CAGR of 17.6%; and

-- Adjusted EBITDA growth from $1.7 million to $18.4 million from fiscal 2012 to fiscal 2014, representing a CAGR of 229.0%. For a reconciliation of net income to Adjusted EBITDA, see Note 3 to the information contained in "Summary Historical Consolidated Financial Data.

MCBC Holdings is a world-renowned innovator, designer, manufacturer, and marketer of premium performance sport boats, with a leading market position in the U.S., a strong international presence, and dealers in 40 countries around the world.

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