Overview

* MasterCraft fiscal Q1 net sales rise 5.6% yr/yr, beating analyst expectations

* Adjusted EPS for fiscal Q1 beats consensus, reflecting strong cost control

* Company repurchased $2.3 mln in shares during the quarter

Outlook

* MasterCraft expects full-year fiscal 2026 net sales between $295 mln and $310 mln

* Company anticipates fiscal 2026 adjusted EBITDA between $30 mln and $35 mln

* MasterCraft projects fiscal Q2 2026 net sales of approximately $69 mln

Result Drivers

* SALES GROWTH - Higher prices, increased unit volumes, favorable option sales, and reduced dealer incentives drove net sales increase

* GROSS MARGIN IMPROVEMENT - Gross margin rose 420 basis points due to increased net sales and effective cost controls

* BRAND MOMENTUM - Launch of new MasterCraft X24 model boosted dealer sentiment and brand momentum

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Sales Beat $69 mln $67.18

mln (6

Analysts

)

Q1 Beat $0.28 $0.16 (6

Adjusted Analysts

EPS )

Q1 Beat $4.50 $2.40

Adjusted mln mln (3

Net Analysts

Income )

Q1 Beat $6.70 $4.31

Adjusted mln mln (6

EBITDA Analysts

)

Q1 9.70%

Adjusted

EBITDA

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the recreational products peer group is "buy."

* Wall Street's median 12-month price target for Mastercraft Boat Holdings Inc ( MCFT ) is $23.00, about 6.7% above its November 5 closing price of $21.46

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)