MasterCraft Boat (MCFT) investor relations material

Executive summary

• Fiscal 2026 net sales rose 22.8% year-over-year to $348.9 million, driven by strong core operations and the acquisition of Chaparral and Robalo (Marine Products Corporation), expanding the portfolio to five brands and over 4,700 annual units sold.

• Adjusted EBITDA increased 87.1% to $45.6 million, and adjusted diluted net income per share rose to $1.76.

• Despite strong adjusted results, reported net loss was $1.6 million, reflecting significant non-cash impairment and acquisition-related costs.

• Integration and synergy efforts are underway, focusing on innovation, dealer expansion, and operational best practices.

• Senior leadership transitions and organizational realignment incurred one-time costs.

Financial highlights

• Legacy net sales for fiscal 2026 were $315.6 million, with adjusted EBITDA of $43.8 million, both above guidance.

• Including Chaparral and Robalo, total net sales reached $348.9 million (up 22.8% year-over-year), and adjusted EBITDA was $45.6 million (up 87.1%).

• Fourth quarter consolidated net sales were $129.9 million (up 63.4% year-over-year), with adjusted EBITDA of $20.5 million (up $11.0 million year-over-year).

• Adjusted net income for the year was $30.2 million, or $1.76 per diluted share.

• Free cash flow for the year was $22.3 million; year-end cash balance $43.9 million, no debt, and full $75 million revolver availability.

Outlook and guidance

• For the six-month transition period (July–December 2026), net sales are expected between $287–$291 million, adjusted EBITDA $29–$32 million, and adjusted EPS $0.66–$0.76.

• September/first quarter guidance: net sales ~$147 million, adjusted EBITDA ~$16 million, adjusted EPS ~$0.40.

• Fiscal year-end changed to December 31, effective July 2026.

• Retail market demand is expected to decline 5%-10% over the next six months, with production aligned to retail trends.