Short answer
MasterCraft Boat Holdings, Inc. (MCFT) filed its fiscal 2026 10-K annual report with the SEC on Sep 10, 2026. It reported revenue of $349M (+22.8% year over year) and net income of −$2M.
- Top risk flagged: U.S. tariffs on imported goods, including aluminum, increased costs; implemented MasterCraft tariff surcharge in FY 2026 to mitigate margin impact
FY2026 key financial metrics · XBRL
- Revenue
- $349M
- +22.8% YoY
- Net income
- −$2M
- −123.6% YoY
- Operating margin
- -0.3%
- −4.3 pp YoY
- Gross margin
- 22.9%
- +2.9 pp YoY
- EPS (diluted)
- −$0.10
- −123.3% YoY
- ROE
- -0.4%
- −4.3 pp YoY
- Operating cash flow
- $31M
- −14.3% YoY
Source: XBRL data from the MasterCraft Boat Holdings, Inc. (MCFT) FY2026 10-K on SEC EDGAR. USD.
MasterCraft Boat Holdings, Inc. FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Design, manufacture, and market recreational powerboats through five brands focusing on innovative, high-quality boating experiences
- New segment introduced: Recreation and Sport Fishing segment formed post-May 2026 merger with Marine Products, adding Chaparral and Robalo brands
- Strategic shift: Segment renaming in Q4 2026 (MasterCraft to Performance and Wake, Pontoon to Leisure) and expansion to three reportable segments from acquisition
- Quantitative highlight: Acquisition valued at $284.2 million; total employees approx. 1,400 across three major U.S. facilities
- Noteworthy fact: Renaming of segments to better reflect products with no change to financial reporting; 11.3% net sales from international markets in FY 2026
Management Discussion & Analysis
- Revenue $348.9M in fiscal 2026, up 22.8% YoY ($64.7M increase) driven by $33.3M from Marine Products segment and higher volumes and pricing
- Gross margin 22.9% in 2026 vs 20.0% in 2025, a 290 bps increase due to sales growth and cost controls, offset by $2.6M inventory step-up charge
- Best performing segment Performance & Wake: net sales $271.2M (+12.6%), operating income $21.5M (+4.3%); worst Leisure segment: operating loss $16.0M vs $9.4M prior year due to $10.1M impairment charge
- Free cash flow $22.3M (net cash operating $30.4M - capex $8.1M); repurchased $2.3M stock in fiscal 2026; cash and equivalents $43.9M (+$15M); no long-term debt after repaying borrowings
- Management highlights integration risks from Marine Products acquisition, expects ongoing transaction-related costs, and notes macroeconomic uncertainties impacting outlook
Risk Factors
- U.S. tariffs on imported goods, including aluminum, increased costs; implemented MasterCraft tariff surcharge in FY 2026 to mitigate margin impact
- Geopolitical conflict: Middle East military actions causing fuel price volatility, increasing operating and raw material costs, impacting boat demand
- Supply chain: Sole-source engine and limited supplier risks, plus integration uncertainty post-Marine Products acquisition, threaten production continuity
- Competition from Brunswick, Malibu Boats, Sea Hunt, and Regal Marine in new sport fishing categories introduced by Marine Products acquisition
- Variable rate debt exposes to rising interest costs; dealer incentives to offset elevated interest rates pressured FY 2026 margins
Generated from the filing text; verify against the original. How to read a 10-K
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