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.)