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MasterCraft Boat Holdings, Inc. Reports Results for the First Three Months of Its Transition Period

MCFT
  • MasterCraft Boat Holdings, Inc. reported financial results for the first three months of its transition period ended October 4, 2026.
  • The company completed a merger with Marine Products on May 15, 2026, which added $59.3 million in incremental net sales to the Recreation and Sport Fishing segment.
  • The fiscal year-end changed from June 30 to December 31, effective July 1, 2026, resulting in a six-month transition report covering July 1 through December 31, 2026.
  • Net sales for the quarter reached $154.1 million, a 123.4% increase year-over-year, with a 37.4% growth excluding the Marine Products contribution.
  • Income from continuing operations was $12.1 million ($0.50 per diluted share), compared to $3.7 million ($0.22 per diluted share) in the prior-year period.
  • Adjusted Net Income was $12.2 million ($0.50 per diluted share), up from $4.7 million ($0.29 per diluted share) in the prior-year period.
  • Adjusted EBITDA totaled $20.1 million, representing a 13.0% margin, up from $7.0 million (10.1% margin) in the prior-year period.
  • Gross margin percentage decreased by 120 basis points to 21.1% due to the inclusion of Marine Products business, partially offset by favorable cost absorption in other segments.
  • Operating expenses increased by $8.9 million due to incremental costs in the Recreation and Sport Fishing segment, acquisition integration costs, and higher selling and marketing expenses.
  • The company repurchased $4.8 million of shares during the quarter, with $18.7 million remaining under the repurchase program.
  • Outlook for the full transition period predicts consolidated net sales between $293 million and $297 million, Adjusted EBITDA between $32 million and $34 million, and Adjusted EPS between $0.75 and $0.80.
  • Capital expenditures are expected to be approximately $9 million for the transition period.
  • A conference call to discuss these results is scheduled for November 10, 2026, at 8:30 a.m. ET.