MasterCraft Boat Holdings reported fiscal 2026 net sales of $348.9 million, up 22.8% from $284.2 million in the prior year, as strong underlying performance and the company’s combination with Marine Products Corporation expanded the business.
Excluding the Marine Products transaction, full-year net sales increased 11% by $31.4 million.
MasterCraft completed its merger with Marine Products on May 15. The transaction added the Chaparral and Robalo brands and created the Recreation and Sport Fishing segment.
The newly acquired operations contributed $33.3 million in revenue during the fourth fiscal quarter.
For the fourth quarter, consolidated net sales increased 63.4% to $129.9 million from $79.5 million. Excluding Marine Products, revenue increased 21.5%.
Performance and Wake revenue increased 28.3% to $84.5 million in the quarter, while Leisure revenue declined 11.2% to $12.1 million. Recreation and Sport Fishing generated $33.3 million.
The company reported a fourth-quarter loss from continuing operations of $7.0 million, or $0.35 per diluted share, due in part to a $10.1 million non-cash impairment charge in the Leisure segment and $11 million of acquisition-related expenses.
Adjusted net income increased to $13.5 million, or $0.67 per share, from $6.6 million, or $0.40 per share.
Adjusted EBITDA more than doubled to $20.5 million from $9.5 million, with adjusted EBITDA margin improving to 15.8% from 12.0%.
For the full year, MasterCraft reported a $1.6 million loss from continuing operations, or $0.09 per share, reflecting the impairment and $20.4 million of acquisition-related expenses.
Adjusted net income doubled to $30.2 million, or $1.76 per diluted share, from $15.1 million, or $0.92 per share. Adjusted EBITDA increased to $45.6 million from $24.4 million, representing a 13.1% margin compared with 8.6% a year earlier.
MasterCraft changed its fiscal year-end from June 30 to December 31 beginning July 1, 2026.
For the six-month transition period ending December 31, the company expects net sales of $287 million to $291 million, adjusted EBITDA of $29 million to $32 million and adjusted EPS of $0.66 to $0.76. Capital expenditures are expected at approximately $9 million.
For the first quarter of the transition period, MasterCraft expects approximately $147 million in net sales, $16 million of 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.”
Brad Nelson, Chief Executive Officer of MasterCraft Boat Holdings
“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
