MasterCraft Boat Holdings Reports Q1 Sales Jump 123% Following Marine Products Merger

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) announced financial results for the first three months of its transition period ended October 4, 2026. The company reported consolidated net sales of $154.1 million for the period, a significant increase of $85.1 million, or 123.4%, compared to the prior-year period.

The filing details that the surge in sales was primarily driven by the completion of the merger with Marine Products on May 15, 2026. The company recognized incremental net sales of $59.3 million within the Recreation and Sport Fishing segment during the first three months of the transition period. Additionally, the company noted higher unit volumes, favorable model mix, and increased prices in its Performance and Wake and Leisure segments.

Income from continuing operations for the period was $12.1 million, or $0.50 per diluted share, compared to $3.7 million, or $0.22 per diluted share, in the prior year. Adjusted Net Income was reported at $12.2 million, or $0.50 per diluted share, while Adjusted EBITDA reached $20.1 million, representing a margin of 13.0%.

The company also disclosed that gross margin percentage decreased by 120 basis points during the period. This decrease was attributed to the inclusion of the Marine Products business, though it was partially offset by increased net sales and favorable cost absorption in other segments. Operating expenses increased by $8.9 million due to incremental costs in the Recreation and Sport Fishing segment, as well as acquisition and integration expenses related to the merger.

Regarding the merger, MasterCraft announced a change in its fiscal year-end from June 30 to December 31, effective July 1, 2026, to align with the fiscal calendar of Marine Products. The company expects to file a transition report covering the six-month period from July 1, 2026, through December 31, 2026.

For the transition period, MasterCraft provided an outlook expecting consolidated net sales between $293 million and $297 million, Adjusted EBITDA between $32 million and $34 million, and Adjusted Earnings per share between $0.75 and $0.80. Capital expenditures are expected to be approximately $9 million for the period.