MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) announced its financial results for fiscal 2026, which ended June 30, 2026, in a filing dated September 10, 2026. The company reported a net sales increase for the year, driven by strong performance in its core segments and the completion of a merger with Marine Products Corporation.
For the fiscal year, consolidated net sales reached $348.9 million, representing an increase of $64.7 million, or 22.8%, compared to the prior year. The company noted that excluding the contribution from the Marine Products Transaction, net sales still increased by $31.4 million, or 11.0%. Adjusted Net Income was reported at $30.2 million, or $1.76 per diluted share, compared to $15.1 million, or $0.92 per diluted share, in the prior year. Adjusted EBITDA for the year was $45.6 million, up $21.2 million from the previous year.
The company completed the merger with Marine Products on May 15, 2026. As a result, the company recognized incremental net sales of $33.3 million within the Recreation and Sport Fishing segment during the fourth quarter. However, the results were impacted by acquisition-related expenses, including transaction costs and purchase accounting adjustments. Additionally, the company recorded a $10.1 million non-cash impairment charge related to the Leisure segment during the fourth quarter of fiscal 2026.
For the fourth quarter of fiscal 2026, consolidated net sales were $129.9 million, up $50.4 million from the prior-year period. The company reported a loss from continuing operations of $7.0 million, or $(0.35) per diluted share. Adjusted Net Income for the quarter was $13.5 million, or $0.67 per diluted share, and Adjusted EBITDA was $20.5 million.
MasterCraft Boat Holdings also announced a change in its fiscal year-end from June 30 to December 31, effective July 1, 2026. The company provided an outlook for the six-month Transition Period ending December 31, 2026, expecting consolidated net sales between $287 million and $291 million, with Adjusted EBITDA between $29 million and $32 million.
