Companies /Consumer Cyclical

MasterCraft Boat Holdings Inc

NASDAQ: MCFT Recreational Vehicles
$24.28
â–² $0.04 (+0.14%) today
Markets open · 1:22pm ET

Q3 2026 Earnings

Reported May 7, 2026, 7:34am ET · SEC source
$0.45
Beat +27.01%
EPS · est. $0.35
$78.2M
Beat +3.70%
Revenue · est. $75.4M
−11.2%
Trailing market
MCFT vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+4%+8%+12%May 7May 8report 7:34am ETearnings+0.4%+13.0%
0+4%+8%+12%May 7May 8earnings+0.4%+13.0%
MCFT +13.0%S&P 500 +0.4%
0+4%+8%+12%May 7May 8report 7:34am ETearnings+2.1%+13.0%
0+4%+8%+12%May 7May 8earnings+2.1%+13.0%
MCFT +13.0%NASDAQ +2.1%
−5%0+5%+10%May 6May 14report 7:34am ETearnings+1.8%−1.4%
−5%0+5%+10%May 6May 14earnings+1.8%−1.4%
MCFT −1.4%S&P 500 +1.8%
−5%0+5%+10%May 6May 14report 7:34am ETearnings+3.4%−1.4%
−5%0+5%+10%May 6May 14earnings+3.4%−1.4%
MCFT −1.4%NASDAQ +3.4%
+5.92%
Day of report
+7.08%
Next session
−3.64%
One week
−10.44%
30 days

S&P 500 over the same 30 days: +0.75%.

Did MCFT Beat Earnings? Q3 2026 Results

MasterCraft Boat Holdings delivered a convincing fiscal third-quarter beat, with adjusted earnings per share of $0.45 clearing the $0.35 consensus estimate by 27.01%, marking the company's fourth consecutive quarter of beating EPS expectations. Revenue of $78.21 million topped the $75.42 million consensus by 3.70% and rose 3.0% year over year, a notable result given that total unit volumes slipped 7.8% to 571 boats. The key driver was a favorable product mix shift alongside higher options attachment, increased pricing, and reduced dealer incentives, which collectively pushed gross margin 420 basis points higher to 25.0%. Adjusted EBITDA climbed to $10.72 million, representing a 13.7% margin compared to 9.9% a year ago. The quarter was complicated on a GAAP basis by $8.43 million in one-time costs tied to the pending merger with Marine Products Corporation, which is headed to a shareholder vote in May. Management narrowed full-year fiscal 2026 guidance to $312 million in net sales, $40 million in adjusted EBITDA, and adjusted EPS of $1.65, excluding any contribution from the proposed combination.

Key Takeaways
  • Favorable model mix and increased options sales drove revenue growth despite lower unit volumes
  • Increased pricing and decreased dealer incentives contributed to net sales growth
  • Gross margin expanded 420 basis points to 25.0% through effective cost controls
  • Net sales per unit increased 11.4% consolidated (7.2% MasterCraft, 18.3% Pontoon)
  • Disciplined dealer pipeline management with stabilized inventories

“We delivered results that outperformed our expectations during the third quarter, driven by disciplined execution across our business and continued new product momentum. In a market that's evolving week to week, we've remained focused on our core strengths—delivering operational efficiencies, aligning production with demand, and differentiated innovation that resonates with customers and dealers.”

MasterCraft Boat Holdings CEO, on the earnings call

Forward Guidance & Outlook

For full-year fiscal 2026, the company now expects consolidated net sales of $312 million, Adjusted EBITDA of $40 million, Adjusted Earnings per share of $1.65, and capital expenditures of approximately $8 million. The outlook excludes the pending combination with Marine Products Corporation. Management expressed confidence in navigating the current macroeconomic environment through a disciplined, variable operating model and premium product portfolio.

MCFT YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$30.0M$60.0M$76.0M$78.2MRevenue$15.8M$19.5MGross Profit
$0$30.0M$60.0MRevenueGross Profit

MCFT Revenue by Segment

MasterCraft$66.8M+4.0%
Pontoon$11.4M−2.5%
Pontoon (Crest and Balise)

Figures from SEC filings and company reports. Not investment advice.