MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) hosted its fiscal fourth quarter and full year 2026 earnings conference call on Thursday, September 10, 2026, detailing a year of strong execution, significant margin expansion, and the successful integration of its transformational acquisition of Marine Products Corporation.
The company reported consolidated net sales of $129.9 million for the fourth quarter, a 63.4% year-over-year increase, driven by the addition of the Chaparral and Robalo brands and higher volumes of premium MasterCraft models. On a legacy basis, net sales grew 21.5% to $96.6 million, supported by strong demand for premium X Series models and reduced dealer discounting. For the full fiscal year 2026, consolidated net sales reached $348.9 million, up 22.8% year-over-year, while legacy net sales were $315.6 million, an 11% increase from the prior year.
Profitability saw substantial improvement across the period. Consolidated adjusted EBITDA for the fourth quarter rose 114.9% to $20.5 million, with margins expanding to 15.8% from 12.0% in the prior year. Legacy adjusted EBITDA margins expanded by 730 basis points to 19.3%. For the full year, consolidated adjusted EBITDA increased 87.1% to $45.6 million, and adjusted net income reached $30.2 million, or $1.76 per diluted share, up from $15.1 million, or $0.92 per diluted share in fiscal 2025. The company generated $22.3 million in free cash flow for the full year, ending the period with $43.9 million in cash and zero debt.
Brad Nelson, Chief Executive Officer of MasterCraft Boat Holdings, highlighted the resilience of the company’s legacy business and the strategic importance of the Marine Products acquisition. “Fiscal 2026 was a defining year for MasterCraft Boat Holdings,” Nelson stated. “Strong execution across our legacy business drove results to significantly outperform expectations despite a challenging macroeconomic and retail environment. The MasterCraft brand was at the center of that success, driven by the rollout of the next-generation X Series product family.”
The acquisition of Marine Products Corporation, completed on May 15, 2026, added the Chaparral and Robalo brands to the portfolio, contributing $33.3 million in revenue and $1.8 million in adjusted EBITDA during the six-week ownership period in the fourth quarter. While the initial contribution reflects a partial period of ownership, management emphasized that the segment’s long-term potential remains strong. To support the transition and align with standard industry reporting, MasterCraft is shifting to a December fiscal year end and adjusting production levels to match cautious retail demand expectations.
During the earnings call, Scott Kent, Chief Financial Officer, detailed the financial impact of the acquisition, noting that purchase accounting resulted in a $2.6 million inventory step-up charge and a $10.1 million non-cash impairment charge in the Leisure segment related to Crest brand assets due to current pontoon category conditions. Excluding these one-time and non-cash items, the company’s underlying operational performance remained robust.
Looking ahead, management provided guidance for the six-month transition period ending December 31, 2026, forecasting net sales between $287 million and $291 million, and adjusted EBITDA of $29 million to $32 million. For the September quarter, the company expects net sales of approximately $147 million and adjusted EBITDA of approximately $16 million. While the company anticipates a 5% to 10% decline in retail market demand over the next six months based on current trends, Nelson expressed confidence in the company’s ability to navigate near-term uncertainty. “We have temporarily paused production of Chaparral Surf models while we enhance the technology and overall customer experience,” Nelson noted, emphasizing the company’s focus on leveraging the combined portfolio’s scale to drive innovation and long-term value creation.
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