MasterCraft Boat Holdings Reports Q3 Fiscal 2025 Results

Mastercraft Boat Holdings ( (MCFT) ) has released its Q3 earnings. Here is a breakdown of the information Mastercraft Boat Holdings presented to its investors.

MasterCraft Boat Holdings, Inc., headquartered in Vonore, Tennessee, is a prominent designer, manufacturer, and marketer of recreational powerboats, operating under the brands MasterCraft, Crest, and Balise. The company is recognized for its innovation in the boating industry.

In its fiscal 2025 third-quarter results, MasterCraft Boat Holdings reported net sales of $76.0 million, marking a 9.5% decrease from the previous year. This decline was primarily attributed to a planned reduction in production to align dealer inventories with retail demand. Despite the challenging economic environment, the company maintained a strong cash position with $66.5 million in cash and investments and no outstanding debt.

Key financial metrics for the quarter included an adjusted net income of $5.0 million, or $0.30 per diluted share, and an adjusted EBITDA of $7.5 million, reflecting a decrease from the prior year. The company’s gross margin percentage declined by 250 basis points due to changes in sales price and inflationary pressures. Operating expenses saw a reduction of $1.2 million, attributed to lower costs following a CEO transition in the prior year.

Looking ahead, MasterCraft Boat Holdings has revised its full-year guidance, anticipating consolidated net sales of approximately $275 million and adjusted EBITDA of around $20 million. The company remains focused on managing production levels, driving innovation, and maximizing cash flow to navigate the uncertain market conditions.

With a flexible operating model and a robust balance sheet, MasterCraft Boat Holdings is well-positioned to handle near-term uncertainties and is preparing for future market recovery.