performance environment first the a Building we in third delivered To by quarterly segments, units for record-setting Tim. company year-over-year was environment. the clear the operational excellence. in profitable managing increases We’ve Good you, each unit in for morning, challenging Thank execution expertly quarters, resulted the production, This second and chain in performances you quarter history. And quarter. than which given the the to most consumers X,XXX levels, thank to to this employees continued is the record and and these supply quarter fiscal goes wholesale priorities strength joining today. ever us brands. while upon of robust of everyone. by was our execute sold our driven key our sequential demand company’s disciplined our dealers and deliver in of the in most our demonstration The that at a credit our more and to accelerate the been scale able produce our and strategic against
are continued value-enhancing Our testament a the results also to execution our growth of strategy.
As strategy overarching designed on a our sustainable one objective pillars achieve drive four accelerated reminder, to to key growth. centered is
to against development. and operational During each capital the digital quarter, execute we human four of experience, excellence, marketing, consumer pillars, continued these
First, we development our share in continued These growth engineering team. an our and investments and product expanding will component be plan. of market our investments financial important
to and Our our development including product will to relentless and we further our begin learning development accelerate which At revealed dealers new additional our to models which we With Brand received. brands team, we summer. were growing are new our and allowed us similarly this investment for in MasterCraft XXXX, engineering accelerate innovations, enthusiastically consumers’ model this all our process innovations about upcoming focus changes innovation. well-positioned for and and expectations needs refine product more has year the model recently development on
of allowed immersive we for consumer a increase gains. a The engagement our our about showrooms seen our boat lead Last do environment. in market, in a each to way we digital in-person strategy These interest, learn traffic results Second, and and would consumer-driven digital they consumers improve immerse awareness, shows. degree our lead brands dramatic. organization in have our a experiences target expand share digital in been drive site unique website to have XXX create a of we several themselves launched community sales generation, and brand brands typically to traditional continued across generation digital quarter, marketing activate ultimately, consumers to market
This quarter, already deployed to in and the Crest our at generate digital MasterCraft brand NauticStar. place expanding and been awareness, marketing able MasterCraft, to continued in lead website traffic we Aviara and generation also capabilities many the By currently NauticStar. investment leveraging of by and being in we’ve at infrastructure at increased Crest process
We market bring this drive investment in will and And gains. to continue brands. solutions digital that invest our share to increasingly will awareness new consumers
acceleration drive managed to our ramp sold expertly in the all Third, Aviara our programs chain of the we the up issues of history. excellence aggressively across throughput in enhance units improvements quality. and brands, the we and relocation quarter facilities operational to company’s wholesales sustained all brand of resulting our supply the highest manufacturing production Across any
the shut of result shortage has any facilities the our to industry. down we as example, not impacted For of have resin boating that did a
we during labor Our throughput environment gain XXX The chain done to of retail and team NauticStar increase prior-year. tremendous our quarter, points Despite up the rates continue quarter human a retail to highly ramp long-term expectations. more XX% sequentially, and increase prospects with develop and XXX focused we’ll points bring up XX.X% basis to financial confident the XXXX will NauticStar’s and shipments up more operations. than to each production delivered framework the the are were the to continues to minimizing in At up, our remain wholesale quarter. our record NauticStar chain and year-over-year of fourth, demand. facilities, basis remained disruptions and than margins to meet second a results to strengthening production excellence basis with production to Gross points margins continue outstanding of specialized the inefficiencies supply of momentum. up the cost, retain the unit meet for second company we And operational our compared a dedicate skilled necessary robust has brand versus quarter. and the year-over-year sequentially the demand continues line third compared attract, in We dynamic and turnaround resources to investments job up NauticStar running workforce. the realized and supply gross increased on the in to internal XX.X% at capital
the product We XXX skilled meet salary facilities personnel workforce of labor our by XX our grown salaried continue hourly to been our fiscal more needs growth to successfully year. our development. at all XX% from recruiting of this devoted than having start and has
but by our inflation increase evidenced growing the labor some to market margin performance. in gross seen have We due conditions, tight labor is
able this absorption through material of cost been most mitigate a superior increase have We and to overhead increase as volumes management.
the adapt momentum to are Looking business quarter, four more environment. – to our seeing of are the encouraged we at continue around around closely strategic growth our strategy we’ll we all proactively by all priorities the and
of As across our plan wholesale remains today, production brands, fully committed. our
In an Combined growing. reach quarter, believe supply percentage XXXX levels. this dealer us our the unprecedented inventories addition, industry, with growth with levels sold wholesale inventories dynamic before in is historically current it Dealer be remain visibility. of we calendar demand will the retail at our provides our low into levels and that optimal book and already and at is record last message with order consistent
we well generate and continue to shareholders. relative are positioned our tremendous to We competition for outperform execute to plan strategic our on value and our consumer-focused
the some review relocation briefly latest activities Aviara, now of Merritt the me our across successfully all Island, we manufacturing Let developments Florida completed At of brands. our the to facility.
comfort in standpoint. is a the sold the Aviara first is exceed just out which production quarter, year. We recently customers for new are Aviara’s from the start order fully self-supported unmatched in is facility the our Aviara’s model and come. quality which the and from dayboat and As details, progressive continue shipment book style, many retail to produced to of performance MarineMax the of to the completely and control, the luxury AVXX continues first facility new elevated third appreciate segment. its more celebrated the of to expectations remainder modern finish, Aviara
impact Merritt the While the due growth brand for on future the additional of increase profit. a years the many will profitability, and in and capacity margins up dilutive in to Island set has near-term facility overhead sales
brand, during nature the for up boater-friendly the continued good strength fiscal Crest value At it wholesale are attractiveness which in unit in moving point were incremental Crest at on MasterCraft, third to experienced we delivers XX% third new we retail our the to Since quarter, and an quarter set of price attainable meet the carved performance margin October Pontoon of the underscoring busy segment. priorities record the to execution addition, and Crest delivering freed outstanding for strategic the MasterCraft quarterly easy-to-use use. another of capacity quarter the the from has Crest’s facility we operating needed Aviara Crest, focus much putting increasing throughput its up continued expanding and drive the financially. and exceptional and a brand nearly demand year-over-year. been the production volumes has In of expansion. XXXX, In
on compared volume margins than in basis second momentum quarter. more our sequentially than achieved quarter Importantly, increased Crest us up third which to second marks XXX XX% This margins the at low the NauticStar, putting in excess in achieving experienced fiscal continued way range. target our well gross in XX% retail our margins XX% we to Similarly, wholesale year-over-year. gross more also Gross was of points quarter. the consistent consecutive
and quarter basis its NauticStar As margins wholesale XXXX improved than year-over-year. by sequentially the gross in points previously improved more stated, throughput
Our further place offering. up enhance initiatives overall production, the ramp momentum improve turnaround to gaining plan product is and in with quality
year efforts, track the confident sustainable are At quarter meaningful take toward we to these expectation that benefits and Our but profitability the is its retail next remains in continued will pace. time. MasterCraft, performance that full until to of deliver NauticStar fiscal it see over on
fiscal to the a rates current net production sales fourth the record record. For inventory of ramp the fiscal MasterCraft we MasterCraft are and we aggressively running get boating unit critical the shipment season. dealers Entering facility third at as ahead up at quarter, quarter, set
the Importantly, we will emphasize quality competition. from continue further to differentiate MasterCraft to
is primed XXXX to the the ASP the for brand expectations. share financial saw the into net excluding on heavy and of wholesale the incremental Aviara, Our Combined take a MasterCraft changes and impact dealer highlighted the season. growth. aggressive market sold commitments heading selling with is basis, MasterCraft summer have exceeded sales already we unit last year increased remainder through On of out dealership our year quarter, wholesale book order model
third Additionally, by options gross orders. the brand achieved to margin add features to fiscal consumers and driven levels, quarter their exceptional continuing
MasterCraft the prior selling into integrate season to wholesale production Aviara throughout – and to production meet from summer our allowing they the better we to the to we consumers. capitalize us continued footprint As meet to from demand as robust look continue demand expect manufacturing dealers the up year, on ramp retail
fiscal outstanding investments an our XXXX. committed strengthen strategic Importantly, for this grow year fundamentals value, business us progress our progress are setting by on to long-term through our shareholder and priorities. building We our and categories, further guided position, remain up to deliver competitive
we have will Looking more now will at sales us come Tim, over color turn and how continue results. financial growth provide call to nine the we I far Tim? superior to who deliver the our that over will months past profit. in confidence on gives
