Quarterly ResultMay 7, 2026, 07:37 AM
MasterCraft Q3 Net Sales $78.2M, Adj. EPS $0.45; Merger on Track
AI Summary
MasterCraft Boat Holdings reported fiscal Q3 2026 financial results, with net sales increasing 3.0% to $78.2 million. The company posted a GAAP loss from continuing operations of $0.04 per diluted share, primarily due to one-time transaction costs related to the pending merger with Marine Products Corporation. However, Adjusted Net Income rose to $0.45 per diluted share, and Adjusted EBITDA increased to $10.7 million. MasterCraft reaffirmed its expectation to complete the merger with Marine Products shortly after the May 12, 2026, special shareholder meeting and updated its full-year fiscal 2026 outlook.
Key Highlights
- Expects to complete merger with Marine Products shortly after May 12, 2026 shareholder meeting.
- Q3 2026 net sales increased 3.0% to $78.2 million from $75.96 million year-over-year.
- Reported Q3 2026 loss from continuing operations of $0.04 per diluted share.
- Adjusted Net Income for Q3 2026 rose to $0.45 per diluted share from $0.30.
- Adjusted EBITDA for Q3 2026 was $10.7 million, up from $7.5 million year-over-year.
- Ended Q3 2026 with cash and investments of $84.6 million.
- Updated full-year fiscal 2026 net sales outlook to $312 million.
- Updated full-year fiscal 2026 Adjusted EBITDA outlook to $40 million.