Opening the filing
Exhibit 99.1
EX-99.1 mcft-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1
FOR IMMEDIATE RELEASE MasterCraft Boat Holdings, Inc. Reports Fiscal 2026 Results VONORE, Tenn. – September 10, 2026 – MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) today announced financial results for its fiscal 2026 fourth quarter and year ended June 30, 2026.
The overview, commentary, and results provided herein relate to our continuing operations, which consists of our Performance and Wake, Leisure, and Recreation and Sport Fishing segments. Performance and Wake was formerly reported as MasterCraft, Leisure was formerly reported as Pontoon, and Recreation and Sport Fishing was established following the combination with Marine Products Corporation (“Marine Products”), as discussed below.
On May 15, 2026, the Company completed the merger with Marine Products (“Marine Products Transaction”). As a result, the Company recognized incremental net sales of $33.3 million within the Recreation and Sport Fishing segment during its fiscal 2026 fourth quarter. Results for the quarter and full year were also impacted by acquisition-related expenses associated with the Marine Products Transaction, including transaction costs and purchase accounting adjustments.
Separately, during the fourth quarter of fiscal 2026, the Company recorded a $10.1 million non-cash impairment charge related to the Leisure segment. Together, these items had a significant impact on reported earnings for the quarter and full year. Additional information regarding these items is provided below.
Fourth Quarter Overview:
▪ Net sales for the fourth quarter were $129.9 million, up $50.4 million, or 63.4%, from the prior-year period. Excluding the contribution from the Marine Products Transaction, net sales increased $17.1 million, or 21.5%, compared to the prior-year period.
▪ Loss from continuing operations in the fourth quarter was $7.0 million, or $(0.35) per diluted share, reflecting a $10.1 million non-cash impairment charge in the Leisure segment and $11.0 million in acquisition-related expenses ▪ Adjusted Net Income, a non-GAAP measure, was $13.5 million, or $0.67 per diluted share, up from $6.6 million, or $0.40 per diluted share, in the prior-year period primarily driven by strong underlying performance across our core operations ▪ Adjusted EBITDA, a non-GAAP measure, was $20.5 million, up $11.0 million from the comparable prior-year period Full Year Overview:
▪ Net sales were $348.9 million, up $64.7 million, or 22.8%, from the prior-year period. Excluding the contribution from the Marine Products Transaction, net sales increased $31.4 million, or 11.0%, compared to the prior-year period.
▪ Loss from continuing operations was $1.6 million, or $(0.09) per diluted share, reflecting a $10.1 million non-cash impairment charge in the Leisure segment and $20.4 million in acquisition-related expenses ▪ Adjusted Net Income, a non-GAAP measure, was $30.2 million, or $1.76 per diluted share, up from $15.1 million, or $0.92 per diluted share, in the prior-year period primarily driven by strong underlying performance across our core operations ▪ Adjusted EBITDA, a non-GAAP measure, was $45.6 million, up $21.2 million from the prior-year period Brad Nelson, Chief Executive Officer, commented, “Fiscal 2026 was a defining year for MasterCraft Boat Holdings. Strong execution across our legacy business drove results to significantly outperform expectations despite a challenging retail environment. We grew net sales, expanded Adjusted EBITDA nearly 80%, and completed the transformational combination with Chaparral and Robalo.”
Nelson continued, “The MasterCraft brand was at the center of that success. Strong retail performance and the successful rollout of the next-generation X-Series product family drove favorable premium mix, strengthened brand momentum, and improved profitability.”
Fourth Quarter Results For the fourth quarter of fiscal 2026, MasterCraft Boat Holdings, Inc. reported consolidated net sales of $129.9 million, up $50.4 million from the fourth quarter of fiscal 2025. The increase in net sales was primarily due to incremental net sales of $33.3 million generated in our Recreation and Sport Fishing segment as a result of the Marine Products Transaction, increased unit volumes, increased prices, and decreased dealer incentives, partially offset by unfavorable model mix.
In June 2026, the Company announced a change in its fiscal year-end from June 30 to December 31, effective July 1, 2026. As a result, the Company expects to file a transition report covering the six-month period from July 1, 2026 through December 31, 2026 (the “Transition Period”). Thereafter, the Company’s reporting periods will be based on its new December 31 fiscal year-end.
The Company’s outlook is as follows:
• For the six-month Transition Period we expect consolidated net sales to be between $287 million and $291 million, with Adjusted EBITDA between $29 million and $32 million, and Adjusted Earnings per share between $0.66 and $0.76. We expect capital expenditures to be approximately $9 million for the Transition period.
• For the first quarter of the Transition Period, consolidated net sales are expected to be approximately $147 million, with Adjusted EBITDA of approximately $16 million, and Adjusted Earnings per share of approximately $0.40.
Conference Call and Webcast Information MasterCraft Boat Holdings, Inc. will host a live conference call and webcast to discuss fiscal fourth quarter and full year 2026 results today, September 10, 2026, at 8:30 a.m. ET. Participants may access the conference call live via webcast on the investor section of the Company’s website, Investors.MasterCraft.com , by clicking on the webcast icon. To participate via telephone, please register in advance at this link . Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. A replay of the conference call and webcast will be archived on the Company's website.