MasterCraft Boat Holdings reported fiscal 2026 net sales of $348.9 million, an increase of 22.8% from $284.2 million in the prior year, as stronger performance across its legacy business was supplemented by its combination with Marine Products Corporation.
Excluding the contribution from the Marine Products transaction, full-year sales increased 11%.
Adjusted net income increased to $30.2 million, or $1.76 per diluted share, from $15.1 million, or $0.92 per share, in the prior year. Adjusted EBITDA increased by $21.2 million to $45.6 million.
On a GAAP basis, MasterCraft reported a loss from continuing operations of $1.6 million, or $0.09 per diluted share. Results included a $10.1 million non-cash impairment charge associated with the Leisure segment and $20.4 million in acquisition-related expenses.
For the fourth quarter, net sales increased 63.4% to $129.9 million. Excluding Marine Products, quarterly sales increased 21.5%.
Adjusted fourth-quarter net income increased to $13.5 million, or $0.67 per diluted share, from $6.6 million, or $0.40 per share, while adjusted EBITDA increased to $20.5 million from $9.5 million.
MasterCraft completed its merger with Marine Products on May 15. The transaction added the Chaparral and Robalo brands and contributed $33.3 million of Recreation and Sport Fishing sales during the fiscal fourth quarter.
The company’s Performance and Wake segment generated fourth-quarter sales of $84.5 million, up 28.3%, while Leisure sales declined 11.2% to $12.1 million. Recreation and Sport Fishing contributed $33.3 million.
MasterCraft changed its fiscal year-end from June 30 to December 31 effective July 1, 2026. For the six-month transition period ending December 31, the company expects consolidated sales of $287 million to $291 million, adjusted EBITDA of $29 million to $32 million, and adjusted EPS of $0.66 to $0.76.
For the first quarter of the transition period, MasterCraft expects approximately $147 million in sales, $16 million in adjusted EBITDA, and adjusted EPS of approximately $0.40.
KEY QUOTES:
“Fiscal 2026 was a defining year for MasterCraft Boat Holdings. Strong execution across our legacy business drove results to significantly outperform expectations despite a challenging retail environment. We grew net sales, expanded Adjusted EBITDA nearly 80%, and completed the transformational combination with Chaparral and Robalo. The MasterCraft brand was at the center of that success. Strong retail performance and the successful rollout of the next-generation X-Series product family drove favorable premium mix, strengthened brand momentum, and improved profitability. What gives me confidence is that these results were earned, not market-driven. Our teams executed with discipline, remained focused on the fundamentals, and consistently delivered against our priorities. There is real energy and excitement across the organization as we enter our next chapter as a larger, more diversified company.”
Brad Nelson, Chief Executive Officer of MasterCraft Boat Holdings
