MasterCraft Boat Holdings increased fiscal 2026 Revenue 22.8% to $348.903 million while reporting a $1.601 million loss from continuing operations. Adjusted Net Income per share was $1.76 on both a basic and diluted basis, giving investors separate reported and adjusted measures for assessing the year’s performance.

Key Highlights

  • Gross Margin expanded 290 basis points to 22.9% during fiscal 2026.
  • Recreation and Sport Fishing contributed $33.326 million of net sales from 310 units.
  • Adjusted net income reached $30.180 million, equal to $1.76 per basic and diluted share.

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) increased fiscal 2026 net sales 22.8% to $348.903 million, up $64.700 million from fiscal 2025. The company reported a $1.601 million loss from continuing operations for the fiscal year ended June 30, 2026. Adjusted net income per share was $1.76 on both a basic and diluted basis. Gross margin rose 290 basis points to 22.9%. The year included sales from the Recreation and Sport Fishing segment, which recorded 310 units and $33.326 million in net sales.

Fiscal Revenue Reaches $348.903M

MasterCraft’s consolidated unit sales increased 16.2% to 2,665 units. Performance and Wake accounted for 1,639 units and $271.177 million in net sales, while Leisure delivered 716 units and $44.400 million. Consolidated net sales per unit increased to $131 from $124, a gain of $7. Performance and Wake net sales rose $30.414 million, or 12.6%, to $271.177 million. The segment’s net sales per unit reached $165, compared with $156 previously. Its net sales per unit rose to $62 from $58. The company’s consolidated revenue increased by $64.700 million, or 22.8%, during fiscal 2026.

Margin Expansion Meets Higher Costs

Cost of sales was $269.124 million, up 18.4% from $227.338 million. Gross Profit reached $79.779 million, compared with $56.865 million, an increase of $22.914 million, or 40.3%. Selling and Marketing expense rose 9.5% to $12.854 million. General and administrative expense increased 66.1% to $53.305 million. Amortization of other intangible assets climbed 160.2% to $4.684 million. Impairment expense was $10.050 million, compared with zero in the prior period. Total operating expenses were $80.893 million, up 77.3% from $45.633 million. The reported loss from continuing operations was $1.601 million, compared with income of $10.715 million in fiscal 2025. Income tax expense was $2.948 million.

Adjusted Earnings Remain Positive

Adjusted net income was $30.180 million, compared with $15.127 million in fiscal 2025. Adjusted net income per share was $1.76 for both basic and diluted calculations, up from $0.92 for each measure. The weighted-average share count used for basic adjusted net income per share was 17,162,850. The diluted calculation used the same 17,162,850 weighted-average shares. It also included $0.999 million of enterprise resource planning implementation costs, $15.249 million of Marine Products transaction costs, $10.050 million of impairments and $2.556 million of inventory step-up. Adjusted EBITDA was $45.630 million, or 13.1% of net sales, compared with $24.385 million, or 8.6% of net sales, in fiscal 2025. EBITDA was $12.467 million, equal to 3.6% of net sales.

Marine Products Adds New Segment

The Recreation and Sport Fishing results reflected the Marine Products transaction. Its fiscal 2026 contribution consisted of 310 units and $33.326 million in net sales. The Performance and Wake segment remained the largest contributor, with $271.177 million in net sales and 1,639 units. Leisure generated $44.400 million from 716 units.