MasterCraft Boat Holdings today reported financial results for its fiscal 2025 fourth quarter and year ended June 30.
Net sales for the quarter were $79.5 million, up $25.2 million, or 46.4%, year-over-year. For the full year, net sales were $284.2 million, down $38.1 million, or 11.8%, from the prior year.
“MasterCraft executed well in fiscal 2025, successfully navigating a challenging economic and industry backdrop,” CEO Brad Nelson said in a statement. In the face of low cycle volumes, we further strengthened dealer health, advanced our new-product initiatives and generated significant free cash flow. This enabled us to return nearly $10 million of capital to shareholders, underscoring our disciplined and value-enhancing approach to capital allocation.”
Gross margin percentage increased 740 basis points in the fourth quarter, compared to the prior-year period. Higher margins were primarily the result of increased net sales. Adjusted net income was $6.6 million, or $0.40 per diluted share, compared with $600,000, or $0.04 per diluted share, in the prior-year period.
For the full year, income from continuing operations was $10.7 million, compared with $23.2 million in the prior year. Adjusted net income was $15.1 million, or $0.92 per diluted share, compared with $28.9 million, or $1.69 per diluted share, in the prior year.
For fiscal 2026, MasterCraft expects consolidated net sales between $295 million and $310 million, with adjusted EBITDA between $29 million and $34 million, and adjusted earnings per share between $1.15 and $1.40. It expects capital expenditures to be approximately $9 million.
