Companies /Consumer Cyclical

MasterCraft Boat Holdings Inc

NASDAQ: MCFT Recreational Vehicles
$24.18
▼ $0.06 (−0.25%) today
Markets closed · 11:21pm ET

Q2 2026 Earnings

Reported Feb 5, 2026, 7:20am ET · SEC source
$0.29
Beat +76.51%
EPS · est. $0.16
$71.8M
Beat +3.76%
Revenue · est. $69.2M
−19.9%
Trailing market
MCFT vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−5%0+5%Feb 5Feb 6report 7:20am ETearnings+0.7%+3.4%
−5%0+5%Feb 5Feb 6earnings+0.7%+3.4%
MCFT +3.4%S&P 500 +0.7%
−5%0+5%Feb 5Feb 6report 7:20am ETearnings+0.8%+3.4%
−5%0+5%Feb 5Feb 6earnings+0.8%+3.4%
MCFT +3.4%NASDAQ +0.8%
−4%0+4%+8%Feb 4Feb 12report 7:20am ETearnings−0.2%−1.3%
−4%0+4%+8%Feb 4Feb 12earnings−0.2%−1.3%
MCFT −1.3%S&P 500 −0.2%
−4%0+4%+8%Feb 4Feb 12report 7:20am ETearnings−0.0%−1.3%
−4%0+4%+8%Feb 4Feb 12earnings−0.0%−1.3%
MCFT −1.3%NASDAQ −0.0%
+6.44%
Day of report
+2.28%
Next session
−3.74%
One week
−19.91%
30 days

S&P 500 over the same 30 days: −0.06%.

Did MCFT Beat Earnings? Q2 2026 Results

MasterCraft Boat Holdings delivered a standout fiscal Q2 2026, with adjusted diluted EPS of $0.29 beating the $0.16 consensus estimate by 76.51% and revenue of $71.76 million topping expectations by 3.76% on 13.2% year-over-year growth. The outperformance was fueled by favorable model mix and options sales, higher unit volumes, and disciplined pricing, which together helped expand gross margin by 440 basis points to 21.6% and more than double adjusted EBITDA to $7.45 million. The MasterCraft segment shipped 409 units for $61.74 million in net sales, while the Pontoon segment contributed $10.02 million, up 21.2%. MasterCraft simultaneously announced a transformative acquisition of Marine Products Corporation in a deal valued at approximately $232.20 million net of acquired cash, with the combined company expected to generate pro forma net sales of roughly $560 million. Encouraged by the momentum, management raised its full-year FY2026 guidance to net sales of $300 to $310 million and adjusted EPS of $1.45 to $1.60, while analysts have closely focused on integration plans and synergy capture from the pending combination.

Key Takeaways
  • Favorable model mix and options sales driving net sales increase
  • Higher unit volumes with 583 wholesale units, up 5.4% YoY
  • Increased pricing contributing to revenue growth
  • Effective cost controls driving 440 basis point gross margin expansion
  • Right-sized dealer inventories down 25% YoY and 50% from Q2 FY19
  • Production discipline and effective dealer support programs

“We delivered results that exceeded our expectations, and we are building momentum as we head into boat-shows and the spring selling season. We're entering this window with right-sized dealer inventories and a team that continues to deliver on key initiatives – bringing leading-edge innovation to market, executing on operational and cost efficiencies, and maintaining disciplined production management.”

MasterCraft Boat Holdings CEO, on the earnings call

Forward Guidance & Outlook

MasterCraft raised its full-year fiscal 2026 guidance: consolidated net sales of $300-$310 million, adjusted EBITDA of $36-$39 million, and adjusted EPS of $1.45-$1.60, with capital expenditures of approximately $9 million. For fiscal Q3 2026, the company expects net sales of approximately $75 million, adjusted EBITDA of approximately $9 million, and adjusted EPS of approximately $0.35. This guidance excludes the pending Marine Products combination. On a pro forma basis for the twelve months ending June 30, 2026, the combined company is expected to generate net sales of approximately $560 million and adjusted EBITDA of approximately $64 million, with the transaction expected to be accretive to adjusted EPS in fiscal 2027.

MCFT YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$20.0M$40.0M$60.0M$63.4M$71.8MRevenue$10.9M$15.5MGross Profit$186,000$2.7MOperating Income$2.7M$2.5MNet Income
$0$20.0M$40.0M$60.0MRevenueGross ProfitOperating IncomeNet Income

MCFT Revenue by Segment

MasterCraft$61.7M+12.1%
Pontoon$10.0M+21.2%
Pontoon (Crest and Balise)

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