MasterCraft Boat Holdings, Inc.

Listed Company

MCFTCIK 0001638290NasdaqAcceleratedShip & Boat Building & RepairingDelawareFY ends Jun 30

Period

FY 2025

Revenue

$284.20M

Net Income

$7.04M

Total Assets

$259.95M

Equity

$183.39M

Shares Out

16.28M

Op. Cash Flow

$35.59M

Business

MasterCraft Boat Holdings, Inc. designs, manufactures, and markets recreational powerboats under three brands. It offers premium inboard ski/wake boats and outboard boats, pontoon boats, and related accessories including trailers and aftermarket parts. Its operations are organized into two core segments: the MasterCraft segment focused on high-performance ski/wake boats, and the Pontoon segment comprising the Crest and Balise brands for a range of pontoon offerings from comfort to luxury. Products are distributed through extensive independent dealer networks domestically and across Canada, Europe, Australia, South America, Africa, Asia, and the Middle East.

Summary from filing dated 2025-08-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
NET SALES	284	322	610	642	466
COST OF SALES	227	251	441	473	341
GROSS PROFIT	57	72	169	168	125
Selling and marketing	12	11	12	13	12
General and administrative	32	31	33	36	33
Amortization of other intangible assets	2	2	2	2	2
Total operating expenses	46	44	47	52	46
OPERATING INCOME	11	27	121	116	79
Interest expense	−1	−3	−3	−1	−3
Interest income	3	6	3	0	0
INCOME BEFORE INCOME TAX EXPENSE	14	30	122	115	75
INCOME TAX EXPENSE	3	7	28	27	16
INCOME FROM CONTINUING OPERATIONS	11	23	94	88	58
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX (Note 3)	−4	−15	−25	−30	−2
NET INCOME	7	8	69	58	56
Continuing operations	0.65	1.37	5.32	4.77	3.11
Discontinued operations	−0.22	−0.91	−1.41	−1.62	−0.12
Net income (per share)	0.43	0.46	3.91	3.15	2.99
Continuing operations	0.65	1.36	5.28	4.72	3.08
Discontinued operations	−0.22	−0.9	−1.4	−1.6	−0.12
Net income (per share)	0.43	0.46	3.88	3.12	2.96
Basic earnings per share	16	17	18	18	19
Diluted earnings per share	17	17	18	19	19

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	29	7	20	34	39
Short-term investments (Note 4)	51	79	—	—	—
Accounts receivable, net of allowance of $156 and $101, respectively	4	11	16	22	12
Income tax receivable	208,000	499,000	0	—	355,000
Inventories, net (Note 5)	30	37	58	59	53
Prepaid expenses and other current assets	7	9	10	7	5
Current assets associated with discontinued operations (Note 3)	0	11	0	24	—
Total current assets	121	155	195	146	110
Property, plant and equipment, net (Note 6)	54	52	78	56	60
Goodwill (Note 7)	28	28	28	28	30
Other intangible assets, net (Note 7)	32	34	35	37	60
Deferred income taxes	19	19	12	22	15
Other long-term assets	6	8	4	1	609,000
Non-current assets associated with discontinued operations (Note 3)	0	22	0	6	—
Total assets	260	318	354	297	276
Accounts payable	8	10	20	23	24
Income tax payable	2	0	5	5	726,000
Accrued expenses and other current liabilities (Note 8)	55	55	72	54	47
Current portion of long-term debt, net of unamortized debt issuance costs (Note 9)	0	4	4	3	3
Current liabilities associated with discontinued operations (Note 3)	0	8	0	8	—
Total current liabilities	65	78	103	93	74
Long-term debt, net of unamortized debt issuance costs (Note 9)	0	45	49	54	90
Unrecognized tax positions	9	9	7	6	4
Other long-term liabilities	2	3	3	198,000	276,000
Long-term liabilities associated with discontinued operations (Note 3)	0	182,000	—	—	—
Total liabilities	76	134	162	153	169
COMMITMENTS AND CONTINGENCIES (Note 12)	—	—	—	—	—
Common stock, $.01 par value per share - authorized, 100,000,000 shares; issued and outstanding, 16,406,788 shares at June 30, 2025 and 16,759,109 shares at June 30, 2024	164,000	167,000	173,000	181,000	189,000
Additional paid-in capital	53	60	76	97	119
Retained earnings	131	124	116	47	−11
MasterCraft Boat Holdings, Inc. equity	183	184	192	144	108
Noncontrolling interest	200,000	200,000	120,000	0	—
Total equity	184	184	192	144	108
Total liabilities and equity	260	318	354	297	276

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Loss from discontinued operations, net of tax	4	15	25	30	2
Depreciation and amortization	10	8	8	10	8
Share-based compensation	3	3	3	4	3
Unrecognized tax benefits	518,000	1	992,000	3	147,000
Deferred income taxes	−330,000	−6	9	−6	839,000
Accounts receivable	5	2	10	−13	−4
Inventories	7	6	3	−18	−21
Prepaid expenses and other current assets	2	1	−3	−2	−1
Income taxes	2	−6	672,000	4	5
Accounts payable	−2	−8	−4	3	10
Accrued expenses and other current liabilities	455,000	−12	13	—	—
Other, net	1	−1	223,000	−389,000	2
Net cash provided by operating activities of continuing operations	38	12	137	82	74
Net cash (used in) provided by operating activities of discontinued operations	−3	297,000	−2	−9	−5
Net cash provided by operating activities	36	12	134	73	69
Purchases of property, plant and equipment	−9	−11	−25	−12	−25
Purchases of investments	−59	−144	−123	0	0
Proceeds from investments	88	158	33	—	—
Other, net	0	5,000	0	0	—
Net cash provided by (used in) investing activities of continuing operations	20	4	−115	−12	−25
Net cash provided by (used in) investing activities of discontinued operations	26	−6	−6	−4	−3
Net cash provided by (used in) investing activities	46	−2	−121	−16	−28
Principal payments on long-term debt	−50	−5	−3	−3	−100
Borrowings on revolving credit facility	50	0	0	12	56
Principal payments on revolving credit facility	−50	0	0	−46	−33
Repurchase and retirement of common stock	−10	−16	−23	−25	0
Other, net	−830,000	−2	−1	−358,000	−2
Net cash used in financing activities of continuing operations	−60	−23	−27	—	—
Net cash provided by (used in) financing activities of discontinued operations	0	0	0	—	—
Net cash used in financing activities	−60	−23	−27	−63	−18
NET CHANGE IN CASH AND CASH EQUIVALENTS	22	−12	−14	−5	23
Cash payments for interest, net of amounts capitalized	746,000	3	2	1	3
Cash payments for income taxes	284,000	12	10	19	9
Activity related to sales-type lease	0	4	0	0	—
Capital expenditures in accounts payable and accrued expenses	497,000	656,000	639,000	706,000	265,000

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