MasterCraft Boat Holdings Boosts Net Sales to $565.8M

By Ahmed Jamerson • Wednesday, October 14 01:59 • Permanent Link

MasterCraft Boat Holdings said its combined business with Marine Products would have generated $565.8 million in net sales for the year ended June 30, 2026, up from $348.9 million for MasterCraft alone and $216.9 million from Marine Products’ aligned historical period.

On a pro forma basis, gross profit for the combined company would have totaled $113.0 million. That compares with $79.8 million for MasterCraft and $34.7 million for Marine Products. Gross profit was reduced by $1.4 million of transaction accounting adjustments.

Total operating expenses for the combined company would have been $123.2 million, versus $80.9 million for MasterCraft and $40.2 million for Marine Products. Within that total, selling and marketing expense was $19.0 million, general and administrative expense was $87.5 million, and amortization of other intangible assets was $6.7 million. Marine Products contributed $6.1 million of selling and marketing expense and $34.1 million of general and administrative expense.

The combined company would have posted an operating loss of $10.2 million, compared with an operating loss of $1.1 million for MasterCraft and $5.5 million for Marine Products. The transaction adjustments deepened operating loss by another $3.5 million.

Interest income for the combined company would have been $4.0 million, up from $2.7 million at MasterCraft and $1.3 million at Marine Products. Interest expense was $215,000, and the company recorded a $71,000 loss on extinguishment of debt.

Before taxes, the combined company would have shown a loss of $6.4 million, versus income of $1.3 million for MasterCraft and a $4.2 million loss for Marine Products. Income tax expense for the combined company was $3.6 million. That produced a pro forma loss from continuing operations of $10.0 million, compared with a $1.6 million loss for MasterCraft and a $5.7 million loss for Marine Products.

Basic and diluted loss per share for the combined company were both $(0.40), versus $(0.09) for MasterCraft. Weighted average shares used in the loss-per-share calculation rose to 25.25 million from 17.16 million. The market has reacted to these announcements by moving the company's shares -0.83% to a price of $19.20. For more information, read the company's full 8-K submission here.

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