MasterCraft beats Q2 sales, EPS estimates; to acquire Marine Products Corp

Mastercraft Boat Holdings

05/02/2026 11:56

Overview

Boat manufacturer reported fiscal Q2 net sales up 13.2%, beating analyst expectations

Adjusted EPS for fiscal Q2 beat analyst expectations

Company to acquire Marine Products Corporation in cash and stock transaction

Outlook

MasterCraft expects full-year fiscal 2026 net sales between $300 mln and $310 mln

Company forecasts fiscal third-quarter 2026 net sales of approximately $75 mln

Adjusted EBITDA for fiscal third-quarter 2026 expected to be approximately $9 mln

Result Drivers

SALES GROWTH - Net sales increased by 13.2% due to favorable model mix, higher unit volumes, and increased prices

MARGIN IMPROVEMENT - Gross margin rose by 440 basis points, attributed to increased sales and effective cost controls

INCREASED EXPENSES - Operating expenses rose due to ERP implementation and business development costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$71.80 mln
$69.20 mln (6 Analysts)
Q2 Adjusted EPS
Beat
$0.29
$0.17 (6 Analysts)
Q2 Adjusted Net Income
Beat
$4.70 mln
$2.75 mln (4 Analysts)
Q2 Adjusted EBITDA
Beat
$7.50 mln
$5.06 mln (7 Analysts)
Q2 Adjusted EBITDA Margin
10.40%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the recreational products peer group is "buy."

Wall Street's median 12-month price target for Mastercraft Boat Holdings Inc is $23.00, about 0.5% below its February 4 closing price of $23.12

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNX3FJRfQ

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)