The GAAP loss is entirely transaction-cost noise — the core business is accelerating with raised guidance and 420bps gross margin expansion. The pending Marine Products close (May 12 vote) adds a catalyst. Watch for deal close and integration updates; the raised FY guide implies H2 momentum.
Price Chart
Executive Summary
MasterCraft reported FQ3 2026 net sales of $78.2M (+3.0% YoY) and GAAP diluted loss from continuing ops of ($0.04), down from $0.23 income YoY due to $8.4M in one-time transaction costs for the pending Marine Products acquisition. Adjusted EPS (non-GAAP) was $0.45, up 50% YoY, and the company raised full-year guidance to $312M revenue, $40M Adjusted EBITDA, and $1.65 Adjusted EPS. The GAAP loss is noise from deal costs; the underlying business is improving with strong margin expansion (+420bps gross margin) and raised guidance.
Key Financial Metrics
Key Facts
- Net sales $78.2M, +3.0% YoY, above $75.4M consensus
- GAAP diluted loss from continuing ops ($0.04) vs income $0.23 YoY, driven by $8.4M in one-time M&A costs
- Adjusted EPS (non-GAAP) $0.45, +50% YoY, vs $0.35 consensus — a 28.6% beat
- Adjusted EBITDA $10.7M, +43% YoY; margin expanded to 13.7% from 9.9%
- Gross margin +420bps to 25.0% YoY
- Raised FY2026 guidance: revenue to $312M (from $300-310M), Adjusted EBITDA to $40M (from $36-39M), Adjusted EPS to $1.65 (from $1.45-1.60)
- Cash and investments $84.6M; strong balance sheet
- Pending Marine Products acquisition expected to close shortly after May 12 shareholder vote
Financial Impact
Adjusted EPS of $0.45 beat consensus of $0.35 by 28.6%; revenue beat by ~3.7%
Risk Factors
- Marine Products acquisition may not close or may be delayed
- Consumer discretionary spending could weaken under macro/tariff pressure
- Unit volumes declined 7.8% YoY, offset by price/mix — volume recovery is uncertain
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-210365 |
| Document: mcft-20260507.htm | 0001193125-26-210365 |
| Document: 0001193125-26-210365-index-headers.html | 0001193125-26-210365 |
| Document: 0001193125-26-210365-index.html | 0001193125-26-210365 |
| Document: 0001193125-26-210365.txt | 0001193125-26-210365 |
| 8-K Data (Synthetic) | 0001193125-26-210365 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 2d ago | EFFECT | $19.52 | awaiting T+60 | — | $19.96 (+2.25%) |
Oct 13, 2026 14d ago | S-3 | $19.11 | awaiting T+60 | — | $19.96 (+4.45%) |
Oct 13, 2026 14d ago | 8-K | $19.11 | awaiting T+60 | — | $19.96 (+4.45%) |
Sep 22, 2026 5w ago | Insider Cluster | $20.47 | awaiting T+60 | — | $19.96 (−2.49%) |
Sep 10, 2026 6w ago | 8-K | $20.57 | awaiting T+60 | — | $19.96 (−2.97%) |
Jun 11, 2026 19w ago | Institutional Cluster | $22.68 $24.15 | ▼ −6.48% | ▼ −2.09% | $19.96 (+11.99%) |
May 26, 2026 22w ago | 3 | $23.94 $25.32 | ▲ +5.76% | ▲ +3.88% | $19.96 (−16.62%) |
May 26, 2026 22w ago | 3 | $23.94 $25.32 | ▲ +5.76% | ▲ +3.88% | $19.96 (−16.62%) |
May 26, 2026 22w ago | 3 | $23.94 $25.32 | ▲ +5.76% | ▲ +3.88% | $19.96 (−16.62%) |
May 22, 2026 22w ago | 8-K | $23.44 $25.14 | ▲ +7.25% | ▲ +4.06% | $19.96 (−14.85%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers