MasterCraft Boat Holdings posted net sales of $78.2 million for the third quarter ended March 29, 2026, up $2.2 million, or 3.0%, from the prior-year period. Loss from continuing operations was $0.7 million ($0.04 per diluted share), while adjusted net income reached $7.2 million ($0.45 per diluted share) and adjusted EBITDA climbed to $10.7 million, up $3.2 million year-over-year.

Gross margin percentage improved by 420 basis points, benefiting from increased net sales, effective cost controls and disciplined dealer incentives. Operating expenses rose by $9.2 million, driven by business development and consulting costs related to the Marine Products merger and implementation costs for the new enterprise resource planning system.

MasterCraft entered a definitive agreement to merge with Marine Products Corporation in a cash and stock transaction, with a special shareholder meeting scheduled for May 12, 2026. The merger, subject to customary closing conditions, is expected to close shortly after the vote, expanding the company’s recreation and sport fishing powerboat portfolio.

For fiscal 2026, MasterCraft now expects consolidated net sales of $312 million, adjusted EBITDA of $40 million and adjusted earnings per share of $1.65, with capital expenditures of approximately $8 million. These targets exclude the pending Marine Products combination and reflect confidence in navigating the current macroeconomic environment through operational discipline and premium product momentum.