MasterCraft Boat Holdings to Merge with Marine Products; Q3 Net Loss $(0.74)M

MasterCraft Boat Holdings, Inc. announced an Agreement and Plan of Merger with Marine Products Corporation, where Marine Products shareholders will receive 0.232 shares of MasterCraft common stock and $2.43 in cash per share. This strategic transaction is expected to close shortly after the May 12, 2026, shareholder meeting. For the third quarter of fiscal 2026, MasterCraft reported a net loss of $(0.74) million, a decrease from a net income of $3.74 million in the prior year, despite a rise in net sales to $78.2 million. However, for the nine months ended March 29, 2026, net income significantly increased to $5.42 million from $1.35 million, with net sales growing to $219.0 million. The company also completed the divestment of its Aviara brand and facility in fiscal 2025 and amended its credit agreement.