MasterCraft Boat Holdings reported third quarter 2025 consolidated net sales of $76 million, down $8 million from the third quarter of fiscal 2024. The decrease was primarily due to planned lower unit volumes to align dealer inventories with retail demand, and changes in price, partially offset by favorable model mix and option sales.
“Our business performed well during the third quarter against a backdrop of macroeconomic and demand uncertainty,” CEO Brad Nelson said in a statement. “Our near-term focus continues to be centered around closely managing production levels, driving focused innovation and delivering operating efficiencies — all while maximizing cash flow and aggressively managing costs.”
Gross margin percentage declined 250 basis points year-over-year. Lower margins were the result of changes in sales price, material and overhead inflation, and lower cost absorption due to decreased production volume.
In its full-year outlook, MasterCraft now expects consolidated net sales of approximately $275 million, with adjusted EBITDA of approximately $20 million, and adjusted earnings per share of approximately $0.71. The company expects capital expenditures to be approximately $9 million for the year.
