MasterCraft reports higher sales in fiscal 2026

MasterCraft Boat Holdings reported net sales of $348.9m for fiscal 2026, up 22.8 per cent from $284.2m in fiscal 2025, following the addition of the Chaparral and Robalo brands through its transaction with Marine Products.

The company reported a net loss of $1.6m for the year, compared with net income of $10.7m in FY25. Adjusted EBITDA increased to $45.6m from $24.4m, while adjusted diluted net income per share rose to $1.76 from $0.92.

The Marine Products transaction closed on 15 May 2026 and added $33.3m in net sales during the six weeks following completion. MasterCraft said integration work is under way, with structured workstreams in place for the combination.

Wholesale unit volume for the full year was 2,665 units, including the newly acquired Recreation and Sport Fishing brands, compared with 2,293 units in FY25. Legacy wholesale volume increased 2.7 per cent to 2,355 units.

Legacy net sales reached $315.6m, an 11 per cent increase from FY25. The company said dealer inventories for its legacy brands were down by about 30 per cent year on year at the end of the fiscal year, with inventory turns above pre-pandemic levels. Chaparral and Robalo also ended the year with lower inventories and higher turns.

The combined business has about 4,700 annual units sold, 63 boat models and more than 500 global dealer locations. It has approximately 1,400 employees across five brands.

The portfolio covers performance and wake boats, recreation and sport fishing boats and leisure models. Model lengths range from 16ft to 36ft, with listed prices ranging from $33,000 to $700,000.

Fourth-quarter results

For the fourth quarter, net sales increased 63.4 per cent to $129.9m, including $33.3m from the Chaparral and Robalo brands. Legacy net sales were $96.6m, up 21.5 per cent from the same quarter of FY25.

Fourth-quarter wholesale volume was 946 units, including 310 units from the newly added brands, compared with 570 units in Q4 FY25. Legacy wholesale volume increased 11.6 per cent to 636 units.

The company reported a fourth-quarter net loss of $7m, compared with net income of $5.5m a year earlier. Adjusted EBITDA was $20.5m, up from $9.5m. Adjusted diluted net income per share was $0.67, compared with $0.40 in Q4 FY25.

MasterCraft ended FY26 with $43.9m in cash and no debt. Capital expenditure during the year was $8.1m, while share repurchases totalled $2.3m. The company had $75m of revolving credit availability at fiscal year-end.

Its manufacturing footprint consists of three facilities in Vonore, Tennessee; Owosso, Michigan; and Nashville, Georgia. The sites provide a combined 1.8m square feet of manufacturing space, including a 1.262m-square-foot facility in Nashville.

For the six-month transition period from 1 July to 31 December 2026, MasterCraft says it expects net sales of approximately $287m to $291m and adjusted EBITDA of $29m to $32m. Adjusted diluted earnings per share are expected to be approximately $0.66 to $0.76, with capital expenditure forecast at about $9m.

The company says its capital allocation framework includes maintaining a debt-free balance sheet, investing in product and brand development and considering additional acquisitions. A $50m share repurchase programme authorised in July 2023 had approximately $23m remaining at the end of FY26.