MasterCraft sales jump 123.4% to $154.1 million in transition period
Key Facts
MasterCraft Boat Holdings reported net sales of $154.1 million in the first three months of the transition period ended October 4, 2026, an increase of $85.1 million, or 123.4%, from the year-earlier period. The company said in a statement that income from continuing operations rose to $12.1 million, or $0.50 per diluted share, compared with $3.7 million, or $0.22 per share, a year earlier. The results reflect the first quarter of the transition period following the company’s change to its fiscal year. The figures show sales and earnings rising as the business expanded following the merger with Marine Products. The company said quarterly sales include activity added to the group, as well as the effects of acquisition and integration costs and the change in fiscal year-end.
Excluding the contribution from the Marine Products deal, sales increased $25.8 million, or 37.4%, from the same period a year earlier. The company attributed $59.3 million of additional sales in the recreational and fishing segments to the merger, which was completed on May 15, 2026. Separating the added contribution from growth excluding it, the overall sales jump was larger than the increase recorded by the business without the deal’s contribution. The company said the quarter was also affected by acquisition and integration costs, including costs related to changing the fiscal year-end. The figures provided do not detail the amount of those costs or each cost’s individual effect on results.
Adjusted net income, a non-GAAP measure, was $12.2 million, or $0.50 per diluted share, compared with $4.7 million, or $0.29 per share, in the year-earlier period. The company also reported adjusted earnings before interest, taxes, depreciation and amortization of $20.1 million, up $13.1 million from the comparable period. These adjusted measures indicate earnings improved alongside the rise in sales, but remain separate from reported net income from continuing operations. The company repurchased $4.8 million of shares during the three months. A further $18.7 million remained available under its repurchase program, the company said.
MasterCraft changed its fiscal year-end from June 30 to December 31, effective July 1, 2026. The company said in its filing with the Securities and Exchange Commission that the calendar change is intended to align with the fiscal year-end Marine Products had historically used. Accordingly, the transition period spans six months, from July 1 to December 31, 2026, instead of a full fiscal year under the previous calendar. The company had set transition-period sales guidance of between $287 million and $291 million, and adjusted earnings before interest, taxes, depreciation and amortization of between $29 million and $32 million. Its previous adjusted earnings-per-share guidance ranged from $0.66 to $0.76.
The company said it will file its first quarterly report for the transition period on Form 10-Q, covering July 1 through October 4, 2026. Regular quarterly reporting under the new fiscal calendar will then begin with the quarter ended April 4, 2027. The company’s shares closed at $20.50 on November 9, 2026, according to EL7 data. This comes ahead of publication of the quarterly report covering the three months reported, while the transition period runs through the end of December. Subsequent reports will allow investors to track results under the new fiscal year and compare performance with the company’s six-month guidance.