MasterCraft Boat Q3 sales beat, helped by higher prices

Mastercraft Boat Holdings

07/05/2026 12:45

Overview

U.S. recreational powerboat maker's fiscal Q3 sales rose 3%, beating analyst expectations

Adjusted EPS and adjusted net income for Q3 beat analyst expectations

Company expects to complete Marine Products merger after May 12 shareholder vote

Outlook

Company expects full-year fiscal 2026 net sales of $312 mln

Company sees full-year fiscal 2026 adjusted EBITDA of $40 mln

Company forecasts full-year fiscal 2026 adjusted EPS of $1.65

Result Drivers

MODEL MIX AND PRICING - Sales increase was driven by favorable model mix, higher prices, and decreased dealer incentives, partially offset by lower unit volumes

COST CONTROLS - Gross margin improvement was attributed to higher net sales and effective cost controls

PREMIUM PRODUCT MOMENTUM - Premium product momentum continued, highlighted by the reintroduction of the X23 model

Company press release: ID:nGNX8h4Ghx

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$78.2 mln
$75.64 mln (6 Analysts)
Q3 Adjusted EPS
Beat
$0.45
$0.36 (6 Analysts)
Q3 Adjusted Net Income
Beat
$7.2 mln
$5.88 mln (4 Analysts)
Q3 Adjusted EBITDA
Beat
$10.7 mln
$9.15 mln (7 Analysts)
Q3 Adjusted EBITDA Margin
13.7%


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 $25.00, about 3.6% above its May 6 closing price of $24.14

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)