MasterCraft Boat (MCFT) Q2 2026 earnings summary

Executive summary

• Q2 FY2026 net sales rose 13.2% year-over-year to $71.8 million, driven by favorable model mix, higher volumes, and pricing.

• Adjusted EBITDA increased to $7.5 million, up $3.9 million year-over-year, with margin improving to 10.4%.

• Adjusted net income was $4.7 million ($0.29 per diluted share), up from $1.7 million ($0.10 per share) in the prior year.

• Announced a definitive agreement to acquire Marine Products Corporation in a $232.2 million cash and stock transaction, expected to close in the first half of 2026.

• Dealer inventories are right-sized, with positive early boat show engagement and strong momentum entering the spring selling season.

Financial highlights

• Q2 FY2026 net sales: $71.8 million (+13.2% YoY); YTD net sales: $140.8 million (+9.3% YoY).

• Q2 net income: $2.5 million; YTD net income: $6.2 million (prior year first half: net loss of $2.4 million).

• Adjusted EBITDA for Q2: $7.5 million (10.4% margin); YTD: $14.4 million (10.2% margin).

• Gross margin improved by 440 basis points to 21.6% year-over-year.

• Ended Q2 with $81.4 million in cash and investments, no long-term debt, and $100 million available under the revolving credit facility.

Outlook and guidance

• Full-year FY2026 guidance: net sales $300–$310 million, adjusted EBITDA $36–$39 million, adjusted EPS $1.45–$1.60.

• Q3 FY2026 outlook: net sales ~$75 million, adjusted EBITDA ~$9 million, adjusted EPS ~$0.35.

• Capital expenditures for FY2026 expected to be ~$9 million.

• Guidance excludes impact from the pending Marine Products acquisition, which is expected to close in the first half of 2026.