MCFT
MasterCraft Boat Holdings, Inc.18.67
-0.23-1.22%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Q&A details synergies, TAM expansion
Q&A elaborated on the Marine Products deal, quantifying synergies beyond the $6 million in corporate overhead to include faster innovation, manufacturing best practices, sourcing scale, vertical integration, and dealer cross-selling opportunities. Management confirmed MasterCraft destocking is largely complete with inventories right-sized, mirroring Marine Products' tight pipeline—no further cuts planned. They detailed incremental TAM from Chaparral/Robalo: ~8,000 genrec units and ~20,000 saltfish units annually, zero cannibalization. Dealer expansion will proceed market-by-market. Analysts probed process (mutual strategic fit, non-competitive) and integration risks; responses stayed high-level but assured. Deal doubles market reach. Integration execution matters next.
Key Stats
Market Cap
304.20MP/E (TTM)
23.05Basic EPS (TTM)
0.81Dividend Yield
0%Recent Filings
8-K
MasterCraft to acquire Marine Products
MasterCraft signed a merger agreement on February 5, 2026, to acquire Marine Products via a stock-and-cash deal, converting each Marine share into 0.232 MasterCraft shares plus $2.43 cash. Specified stockholders holding 69.1% of Marine's voting power committed to vote in favor. Deal needs HSR clearance and stockholder approvals by August 5, 2026; $11.6M termination fee applies. Board expands to 10 seats post-close. Revolving facility amended to $75M through 2031.
10-Q
Q2 FY2026 results
MasterCraft Boat Holdings posted Q2 net sales of $71.8M, up 13% y/y from $63.4M, with gross profit surging 43% to $15.5M at 21.6% margin (up 440bps) on higher volumes, better mix, and pricing across MasterCraft (86% of sales) and Pontoon segments. Operating income jumped to $2.7M from $0.2M while EPS from continuing ops held at $0.15, matching diluted shares of 16.2M. Cash swelled to $56.2M and $25.2M in short-term investments, with $100M revolver available and no debt; FCF from continuing ops tallied $3.9M (derived). Aviara sold last fall; pending Marine Products deal eyes H1 2026 close. Solid margins mask dealer inventory risks.
8-K
MasterCraft to acquire Marine Products
8-K
Q1 sales up 5.6%, guidance raised
MasterCraft Boat Holdings beat expectations with Q1 fiscal 2026 net sales of $69.0 million, up 5.6% from prior year, driving income from continuing operations to $3.7 million ($0.22/share) versus $1.0 million ($0.06/share). Gross margins jumped 420 basis points to 22.3% on pricing power and cost controls, while repurchasing $2.3 million in shares. Debt-free balance sheet shines. Raised full-year guidance to $295-310 million sales, $30-35 million Adjusted EBITDA.
10-Q
Q1 FY2026 results
MasterCraft Boat swung to net income of $3.6M in Q1 FY2026 ended September 28, 2025, up from a $5.1M loss last year, as continuing operations posted $69M sales (up 5.6% y/y) and $3.8M operating income (up 276% y/y), fueled by higher prices, volumes, and 22.3% gross margins (up 420bps). MasterCraft drove 84% of revenue with 4.7% growth; Pontoon added 10.5%. Diluted EPS from continuing ops hit $0.22 on 16.3M shares, matching computations. Cash swelled to $31.8M plus $35.6M short-term investments; zero debt, $100M revolver available. Solid margins beat inventory overhang. Competition sharpens in recreational boating.
IPO
Website
Employees
Sector
Industry
BC
Brunswick Corporation
74.00-0.56
HZO
MarineMax, Inc. (FL)
24.59-0.51
MAMO
Massimo Group
4.59+0.17
MBC
MasterBrand, Inc.
11.50-0.06
MBUU
Malibu Boats, Inc.
28.84-0.65
MPX
Marine Products Corporation
8.80+0.09
VEEE
Twin Vee PowerCats Co.
1.77+0.00
VIVC
Vivic Corp.
0.12+0.00
VMAR
Vision Marine Technologies Inc.
0.98+0.60
WGO
Winnebago Industries, Inc.
40.04+0.54