MasterCraft Boat Holdings reported net sales of $71.8 million for the quarter ended December 28, 2025, representing a 13.2% increase over the same period in fiscal 2025. Income from continuing operations rose to $2.5 million, or $0.15 per diluted share, compared with $0.4 million, or $0.03 per diluted share, in the prior year. Adjusted Net Income grew to $4.7 million, or $0.29 per diluted share, up from $1.7 million, or $0.10 per diluted share. Adjusted EBITDA reached $7.5 million, more than double the $3.5 million reported a year earlier, driving the adjusted EBITDA margin to 10.4%, up 480 basis points versus the prior-year period.

Gross margin expanded by 440 basis points, fueled by favorable model mix, higher unit volumes and disciplined cost control initiatives. Operating expenses increased by $2.1 million compared with Q2 of fiscal 2025, primarily attributable to costs associated with a new enterprise resource planning implementation, strategic business development consulting, and enhanced selling and marketing investments. Management highlighted ongoing production discipline and right-sized dealer inventories as key factors supporting margin improvement and inventory turnover ahead of the spring selling season.

MasterCraft entered into a definitive agreement to acquire Marine Products Corporation in a cash and stock transaction valued at approximately $232.2 million, net of acquired cash. Under the terms, Marine Products shareholders will receive $2.43 per share in cash and 0.232 shares of MasterCraft common stock per share, implying a multiple of roughly 7.2 times Marine Products’ expected EBITDA for the twelve months ending June 30, 2026, after corporate cost adjustments. The deal, unanimously approved by both boards, is expected to close in the second calendar quarter of 2026 and expand the combined company’s portfolio to five brands with pro forma net sales of roughly $560 million and adjusted EBITDA near $64 million.

Following strong quarter-to-quarter momentum, MasterCraft raised its fiscal 2026 full-year targets. Consolidated net sales are now expected to range between $300 million and $310 million, with adjusted EBITDA of $36 million to $39 million and adjusted earnings per share of $1.45 to $1.60. Capital expenditures remain forecast at approximately $9 million. For the third quarter of fiscal 2026, management anticipates net sales of about $75 million, adjusted EBITDA of roughly $9 million and adjusted earnings per share of $0.35, excluding contributions from the pending Marine Products transaction.