What guidance did MasterCraft Boat's management provide for the next earnings period?

What factors drove the changes in MasterCraft Boat's revenue and profit?

Did MasterCraft Boat beat or miss consensus estimates last quarter?

What is MasterCraft Boat's latest dividend and current dividend yield?

What were the key takeaways from MasterCraft Boat's earnings call?

What is the revenue and EPS growth rate for MasterCraft Boat year over year?

What is the market's earnings forecast for MasterCraft Boat next quarter?

What does MasterCraft Boat do and what are its main business segments?

- **Q2 Growth**: 13% revenue rise to $71.8M, EBITDA up $4M to $7.5M, driven by new products (X24, X22) and dealer inventory health.
- **Marine Products Deal**: $232M transaction (7.2x EBITDA) to create $560M revenue entity with 500+ dealers, $6M annual cost savings, and no debt.
- **Guidance Update**: Full-year sales $300-$310M, EPS $1.45-$1.60, with Q3 EPS of $0.35.
- **Strategic Expansion**: Targets $12B market, adding 28,000 incremental units in gen rec and saltfish, with Balise poised for coastal growth.
- **Operational Strength**: 21.6% gross margin, $40M+ cash post-close, and disciplined production management.


**【Management Opening Remarks】**
- Alec Harmon welcomed participants and outlined the agenda, emphasizing the Q2 2026 results and the announced transaction with Marine Products Corporation. He highlighted the exclusion of transaction impacts from forward-looking guidance and the availability of a slide deck for reference.

**【CEO Commentary】**
- **Q2 Performance**: Net sales increased 13% YoY to $71.8 million, with adjusted EBITDA rising $4 million to $7.5 million. Momentum driven by dealer inventory health and new product launches (e.g., X24, XStar, X22). Pontoon segment operational improvements and Balise's Halo model launch.
- **Transaction Overview**: Combination with Marine Products to create a $560 million revenue, $60 million EBITDA entity. Synergies include $6 million annual cost savings, expanded dealer network (500+), and complementary product lines (Chaparral, Robalo). Expected close in Q2 2026, maintaining no debt and ample liquidity.
- **Strategic Vision**: Focus on innovation (AI, product development), operational efficiency, and disciplined capital allocation. Balise and Crest segments to benefit from dealer cross-selling opportunities.

**【CFO Financial Commentary】**
- **Q2 Financials**: GAAP net income $4.7 million ($0.29 EPS), up 170% YoY. Gross margin improved 440 bps to 21.6%. Operating expenses rose 18% YoY due to ERP implementation and transaction costs.
- **Guidance Update**: Full-year net sales $300-$310 million (prev. $285-$295M), adjusted EBITDA $36-$39 million (prev. $30-$33M), EPS $1.45-$1.60 (prev. $1.20-$1.40). Q3 outlook: $75M net sales, $9M EBITDA, $0.35 EPS.
- **Transaction Financials**: $232.2 million transaction value (7.2x Marine Products' EBITDA). MasterCraft shareholders to own 66.5%, with $40-$60M cash post-close.

**【Q&A Highlights】**
- **Synergies & Integration**: $6M annual cost savings, innovation acceleration (e.g., shared tech platforms), and dealer network expansion. No cannibalization risk; Chaparral/Robalo to access inland markets, MasterCraft to enter coastal/sport fishing.
- **Inventory Management**: MasterCraft pipeline improved 25% YoY; Marine Products inventory in healthy shape. No further destocking plans.
- **Market Expansion**: Combined entity to target $12B addressable market, with incremental units in gen rec (-8,000) and saltfish (-20,000). Balise to benefit from coastal dealer penetration.
- **Transaction Process**: Attractive mix of cash/stock (0.232 shares + $2.43/cash), driven by strategic alignment and operational excellence.


MasterCraft Boat Holdings, Inc. (MCFT) Q2 2026 Earnings Call Transcript

- **Revenue Growth**: 6% YoY net sales to $69M, EBITDA up 380 bps to 9.7%. 
- **Cash Strength**: $67.3M cash, $2.3M Q1 share buybacks. 
- **Guidance Raise**: FY26 net sales $295-310M, EBITDA $30-35M. 
- **Product Momentum**: X24 ski-wake model launch, Crest Conquest SE expansion. 
- **Share Repurchases**: $76.5M returned since program start, 20% EPS accretion.

**【CEO Opening Remarks】**
- Q1 2026 net sales increased 6% YoY to $69 million, with adjusted EBITDA up $3 million (380 basis points margin improvement). 
- Channel inventory improved 27% YoY, with dealer turns near pre-COVID levels. 
- MasterCraft segment retail expected down 5-10% for the year due to macroeconomic headwinds. 
- Launched X24 ski-wake model, receiving strong dealer and consumer feedback. 
- Pontoon segment progress: Crest's 2026 lineup (including Conquest SE) and Balise Halo model gaining traction. 

**【CFO Financial Commentary】**
- Gross margin expanded 420 basis points to 22.3%, driven by cost management and pricing. 
- Operating expenses up 7% YoY ($11.6M) due to leadership transition costs. 
- Adjusted net income $4.5M ($0.28 EPS), vs $1.9M ($0.12 EPS) prior year. 
- Cash position $67.3M (no debt), with $2.3M in Q1 share buybacks (20% EPS accretion). 
- Raised FY26 guidance: $295-310M net sales, $30-35M EBITDA, $1.18-1.43 EPS. 
- Q2 outlook: $69M net sales, $5M EBITDA, $0.16 EPS. 

**【Q&A Highlights】**
- **Retail Trends**: 5-10% retail decline expected, but gaining share via new products and dealer additions. 
- **Interest Rates**: Lower rates beneficial for industry psychology, but longer-term rate impacts lag. 
- **M&A Strategy**: Flexible balance sheet allows for disciplined inorganic growth opportunities. 
- **Dealer Network**: Cautiously optimistic sentiment, no significant dealer failures noted. 
- **X24 Launch**: Low-rate production ramping, strong dealer demand for second half growth.

MasterCraft Boat Holdings, Inc. (MCFT) Q1 2026 Earnings Call Transcript

- **Q4 Strong Performance**: 46% YoY revenue growth, $8M EBITDA increase, and $29M free cash flow.\n- **Debt-Free Resilience**: Repaid all debt, ended with $79M cash, and repurchased $9.5M in shares.\n- **2026 Guidance**: Despite 5%-10% retail decline, expects net sales growth ($295M-$310M) via inventory management and stable ASPs.\n- **Innovation Driven**: Launching redesigned X Family and Balise pontoon series, positioning for long-term growth.\n- **Selective M&A**: Maintaining strong balance sheet for strategic opportunities.\n

**【CEO Summary Section】**
- **Q4 2025 Performance**: Net sales increased $25 million (46% YoY), adjusted EBITDA rose $8 million. Removed 900+ units from dealer inventory, achieving the highest Q3-Q4 field inventory reduction in history (excluding pandemic).\n- **Product Innovation**: Launched XStar (flagship ski/wake product) and Balise (premium pontoon brand). Model Year '26 lineup includes redesigned X Family with advanced features.\n- **Financial Resilience**: Generated $29M free cash flow, repaid all debt, and repurchased $9.5M in shares. Ended with $79M cash, debt-free.\n- **2026 Outlook**: Anticipates 5%-10% retail unit decline but expects net sales growth ($295M-$310M) driven by inventory management and ASP stability.\n- **Strategic Focus**: Maintain operational discipline, invest in innovation, and explore selective M&A.\n
**【CFO Financial Commentary】**
- **Q4 2025 Results**: Net sales $79.5M (46% YoY), gross margin 23.2% (up 740bps), adjusted net income $6.6M ($0.40 EPS).\n- **FY2025 Summary**: Net sales $284.2M (-12% YoY), adjusted EBITDA $24.4M, free cash flow $29M. Repurchased 530K shares ($9.5M).\n- **FY2026 Guidance**: Net sales $295M-$310M, adjusted EBITDA $29M-$34M, EPS $1.15-$1.40. Q1 net sales ~$69M, EBITDA $4M.\n- **Tariff Impact**: Anticipate negligible profit impact via price surcharges; broader volume effects embedded in retail projections.\n
**【Q&A Highlights】**
- **Retail & Inventory**: 2026 retail decline expected (5%-10%), but wholesale growth via destocking. Dealer inventory health improved, with 2026 destocking to be modest and gradual.\n- **Consumer Dynamics**: Premium demand strong; affordability challenges persist due to elevated interest rates. Lowering prices on entry-level products to stimulate mass market.\n- **Dealer Network**: Expanded distribution in high-growth markets (e.g., Dallas, Houston). Dealer health stable, with no significant risk of failures.\n- **M&A Strategy**: Selective and opportunistic, focusing on strategic fits.\n

MasterCraft Boat Holdings, Inc. (MCFT) Q4 2025 Earnings Call Transcript

- **CFO Transition**: Tim Oxley retiring June 2025, Scott Kent assuming CFO July 1.
- **Q3 Results**: $76M net sales (-10% YoY), $5M adj. net income (-41% YoY), 20.8% gross margin.
- **Key Metrics**: 30% dealer inventory reduction YoY, $167M total liquidity, $1.8M shares repurchased Q4-to-date.
- **Strategic Focus**: XStar production ramp, dealer expansion in TX/UT, $10M+ BALISE brand target.
- **Risks**: 10% retail sales decline expected, tariff volatility, 40% pontoon unit sales decline.

**【CEO Opening Remarks】**
- CEO Brad Nelson highlighted Q3 net sales of $76M, down 10% YoY due to lower unit volumes, but noted sequential profitability improvement driven by XStar production ramp.
- Dealer inventories reduced 30% YoY, with MasterCraft dealer CSI awards reflecting brand strength.
- CFO transition announced: Tim Oxley retiring in June, Scott Kent assuming role July 1.

**【CFO Financial Review】**
- Gross margin 20.8% (vs 23.3% prior year), impacted by lower production absorption.
- Operating expenses down 10% YoY to $11.7M, with $19M year-to-date operating cash flow.
- Q3 adjusted net income $5M ($0.30 EPS), down from $8.5M ($0.50 EPS) prior year.
- Full year guidance revised to $275M net sales, $20M EBITDA, $0.71 EPS.

**【Key Operational Updates】**
- XStar awarded NMMA Innovation Award; dealer expansions in TX, UT, MO driving growth.
- Pontoon segment unit sales down 40% YoY, with Mike O'Connell leading operational improvements.
- $167M total liquidity, no debt, $750K shares repurchased Q3 ($1.8M Q4-to-date).

**【Q&A Highlights】**
- Tariffs expected to modestly impact FY26 pricing, with $10M+ revenue target for new BALISE brand.
- Retail sales down 10% expected in Q4, but premium XStar demand offsetting weakness.
- Dealer network health strong with no failures, inventory reduction on track for 600-1,000 units.
- Variable pricing model under consideration for FY26 to balance volume/cost tradeoffs.

MasterCraft Boat Holdings, Inc. (MCFT) Q3 2025 Earnings Call Transcript

- **XStar Success**: New ultra-premium XStar lineup driving dealer and retail demand, with production ramp set to boost H2 margins.
- **Inventory Turnaround**: Dealer inventories down 30% YoY; destocking near completion, positioning for summer selling season.
- **Financial Resilience**: $63M cash on hand, no debt; $11M free cash flow despite 29% sales decline, supporting strategic initiatives.
- **Guidance Narrowing**: FY25 net sales $275-295M (vs. prior $260-300M), reflecting confidence in XStar contribution.
- **Risk Mitigation**: Tariff impact minimal; strong supply chain management preserves operational flexibility.

**【CEO Opening Remarks】**
- MasterCraft exceeded Q2 expectations with strong dealer order momentum ahead of boat shows.
- Inventory destocking progress: Dealer inventories reduced by >30% YoY; full year destocking near completion.
- New XStar product line launch: Generating significant buzz, with production ramping in Q3 and Q4 expected to drive earnings and cash flow.
- Tariff impact minimal; supply chain team actively mitigating risks.

**【CFO Financial Highlights】**
- Q2 net sales: $63.4M (-29% YoY) due to planned lower production and model mix.
- Gross margin: 17.2% (vs. 23.3% YoY) due to lower cost absorption.
- Adjusted net income: $1.7M ($0.10 EPS) vs. $9.5M ($0.55 EPS) YoY.
- Free cash flow: $11M despite low volumes; cash balance $63M with no debt.
- Updated FY25 guidance: Net sales $275-295M, EBITDA $19-24M, EPS $0.64-0.86.

**【Q&A Key Takeaways】**
- **Channel Inventory**: Q2 saw lowest dealer inventory increase on record; targeting 600-1,000 boats out by year-end.
- **ASP Decline**: MasterCraft ASPs down due to price adjustments on NXT/XT models; XStar premium lineup expected to offset in H2.
- **Strategic Growth**: Focus on geographic expansion, brand innovation, and dealer network optimization; $69M returned to shareholders via buybacks.
- **Industry Trends**: Pontoon retail soft due to high rates; MasterCraft less rate-sensitive with 50% cash buyers.
- **Competitive Position**: Strong boat show performance vs. peers, particularly in Europe with XStar; Balise pontoon brand gaining traction.


Actual												0.46	-0.1	0.58	0.75	1.01	0.98	0.67	0.91	1.21	1.77	1.43	1.2	1.36	1.37	0.47	0.37	0.37	-0.04	0.12	0.1	0.3	0.4	0.28	0.29
Forecast												0.505	-0.264	0.332	0.512	0.698	0.778	0.558	0.792	1.058	1.4983	1.288	1.012	1.0367	1.0733	0.3971	0.2329	0.2286	-0.22	0.0286	-0.0083	0.1733	0.18	0.1583	0.1655
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-8.91%	+62.12%	+74.70%	+46.48%	+44.70%	+25.96%	+20.07%	+14.90%	+14.37%	+18.13%	+11.02%	+18.58%	+31.19%	+27.64%	+18.36%	+58.87%	+61.85%	+81.82%	+319.58%	+1304.82%	+73.11%	+122.22%	+76.88%	+75.23%

MCFT

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MCFT Q2 2026 Earnings

Earnings Call

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MCFT

MCFT fundamentals

MCFT Q2 2026 Earnings

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