MasterCraft Boat Holdings reported a 730 basis point expansion in legacy adjusted EBITDA margin and a roughly 30% year-over-year reduction in legacy field inventory on its Q4 2026 earnings call. Management guided to an approximately 5%-10% retail market demand decline over the next six months, based on current calendar year-to-date trends, as the company transitions to a December fiscal year-end and enters a seasonally low volume window for the combined entity. A non-cash impairment charge of $10.1 million was recorded in the Leisure segment tied to Crest brand intangible assets, while reported GAAP results absorbed $2.8 million in inventory step-up value and $2.9 million in intangible amortization from the Marine Products acquisition. The Recreation and Sport Fishing segment's initial 5.5% adjusted EBITDA margin is not viewed as representative of long-term potential, and management said the new brands' initial 0.9% reported gross margin would have been 9% excluding the one-time inventory step-up charge. Depreciation is expected to normalize at approximately $2.7 million per quarter, and MasterCraft's total pipeline is down about 20% including the new acquisitions.
MasterCraft Boat Holdings, Inc.A $10.1 million non-cash impairment charge was recorded in the Leisure segment tied to Crest brand intangible assets.
