MasterCraft Boat (MCFT) Q1 2027 earnings summary

Executive summary

• Net sales rose 123.4% YoY to $154.1M, including $59.3M from Recreation and Sport Fishing; legacy sales increased 37.4% to $94.8M.

• Adjusted EBITDA reached $20.1M versus $7.0M; integration shifted from synergy planning to execution.

• Healthy dealer inventories, stronger retail performance at Chaparral and Robalo, and product execution supported results.

Financial highlights

• Net income from continuing operations was $12.1M, versus $3.6M; diluted EPS was $0.50 versus $0.22.

• Adjusted net income was $12.2M, or $0.50 per diluted share, versus $4.7M and $0.29.

• Gross margin was 21.1%, down 120 bps YoY, reflecting the acquired business's blended margin profile.

• Wholesale units rose 121.4% to 1,251, including 569 Recreation and Sport Fishing units; legacy units increased 20.7% to 682.

Outlook and guidance

• Six-month Transition Period guidance: net sales of $293M–$297M, Adjusted EBITDA of $32M–$34M, Adjusted EPS of $0.75–$0.80, and capex of ~$9M.

• The Transition Period runs July 1–December 31, 2026; fiscal year-end changed from June 30 to December 31.

• Guidance assumes a 5%–10% calendar-year market decline; December-quarter build rates and AUSPs expected to remain consistent with Q1, with sequentially lower shipments from holiday seasonality.

• Priorities include matching wholesale shipments to retail demand, protecting dealer health, cost discipline, and synergy execution.