Overview - MasterCraft Boat Holdings, Inc. reported financial results for the third quarter of fiscal 2025, ending March 30, 2025, with a focus on continuing operations excluding the former Aviara segment [1][4]. Financial Performance - Consolidated net sales for the third quarter were $76.0 million, a decrease of $8.0 million or 9.5% from the same period in fiscal 2024, primarily due to planned lower unit volumes to align dealer inventories with retail demand [4][10]. - Gross margin percentage declined by 250 basis points compared to the prior-year period, attributed to changes in sales price, material and overhead inflation, and lower cost absorption due to decreased production volume [5][24]. - Income from continuing operations was $3.8 million, or $0.23 per diluted share, down from $5.7 million, or $0.34 per diluted share in the prior-year period [6][10]. - Adjusted net income was $5.0 million, or $0.30 per diluted share, compared to $8.5 million, or $0.50 per diluted share in the prior-year period [6][10]. - Adjusted EBITDA was $7.5 million, down from $11.7 million in the prior-year period, with an adjusted EBITDA margin of 9.9%, down from 13.9% [7][10]. Operational Insights - The company maintained a disciplined approach to capital allocation, achieving operating cash flow of $18.5 million year-to-date despite low cycle production volumes [3][10]. - Cash and investments totaled $66.5 million, with $100 million available on the revolving credit facility and no outstanding debt, indicating a robust, debt-free balance sheet [10][11]. Outlook - The company revised its full-year guidance, now expecting consolidated net sales of approximately $275 million, adjusted EBITDA of approximately $20 million, and adjusted earnings per share of approximately $0.71 for fiscal 2025 [11][10]. - Capital expenditures are expected to be approximately $9 million for the year [11].

Market Overview - The leisure boat market in China is categorized into different types, including yachts, sailboats, and others, with growth trends projected from 2020 to 2031 [3][4]. - The market is expected to see significant revenue and sales growth, with specific trends highlighted for commercial and private applications [4][9]. Industry Trends - The leisure boat industry in China is anticipated to experience a steady increase in revenue and sales volume from 2020 to 2031, with detailed growth rates provided [4][9]. - The analysis includes a forecast of market size and sales volume for different types of leisure boats, indicating a positive outlook for the industry [9][10]. Major Manufacturers - Key manufacturers in the Chinese leisure boat market include Groupe Beneteau, Brunswick Corporation, and Azimut Benetti Group, with detailed sales and revenue data from 2020 to 2025 [5][6][7]. - The market share and competitive landscape among the top manufacturers are analyzed, showing the distribution of sales and revenue among leading companies [4][5][6]. Product Analysis - Different types of leisure boats are analyzed, with a focus on sales volume and market share from 2020 to 2025, as well as forecasts for 2026 to 2031 [8][9]. - Price trends for various types of leisure boats are also examined, providing insights into market dynamics and consumer preferences [9][10]. Supply Chain and Production - The leisure boat industry supply chain is outlined, detailing upstream, midstream, and downstream components, along with procurement and production models [9][10][11]. - The analysis includes capacity, production, and utilization rates for leisure boats in China, with projections for future demand and supply [10][11][12]. SWOT Analysis - A SWOT analysis of Chinese leisure boat companies is included, highlighting strengths, weaknesses, opportunities, and threats within the industry [9][10][11]. - The analysis provides insights into the competitive positioning of local manufacturers in the global market [10][11][12].

Core Viewpoint - Malibu Boats, Inc. is set to release its third quarter fiscal 2025 financial results on May 8, 2025, before market opening, followed by a conference call with management to discuss the results [1]. Company Overview - Malibu Boats, Inc. is based in Loudon, Tennessee, and is a leading designer, manufacturer, and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive, and outboard boats [3]. - The company holds a market leadership position in the performance sport boat category through its Malibu and Axis brands, and leads the 20' - 40' segment of the sterndrive boat category with its Cobalt brand [3]. - Malibu Boats is also a key player in the saltwater fishing boat market with brands such as Pursuit, Cobia, Pathfinder, Maverick, and Hewes [3]. - The company is recognized as an innovator in the powerboat industry, designing products that cater to a growing demographic of recreational boaters, fishermen, and water sports enthusiasts [3].

Core Viewpoint - The market anticipates Malibu Boats (MBUU) to report a year-over-year increase in earnings driven by higher revenues for the quarter ended March 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus EPS estimate for Malibu Boats is $0.67 per share, reflecting a year-over-year increase of +6.4%, while revenues are projected at $223.9 million, up 10.1% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 4.18%, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Malibu Boats is higher than the consensus estimate, resulting in a positive Earnings ESP of +10.04%, indicating a likelihood of beating the consensus EPS estimate [10][11]. Historical Performance - In the last reported quarter, Malibu Boats exceeded the expected earnings of $0.21 per share by delivering $0.31, resulting in a surprise of +47.62%. The company has beaten consensus EPS estimates three out of the last four quarters [12][13]. Investment Considerations - While a potential earnings beat is a positive indicator, other factors may influence stock performance, making it essential to consider the broader context beyond just earnings results [14][16].

Core Points - MasterCraft Boat Holdings, Inc. will host a live webcast for its fiscal third quarter 2025 earnings conference call on May 7, 2025, at 8:30 a.m. EDT [1] - The call will feature discussions by the CEO, CFO, and Vice President of Finance regarding the Company's financial results [1] - A pre-market earnings release will be issued prior to the call on the same day [1] Access Information - Participants can access the conference call live via the Company's investor website by clicking on the webcast icon [2] - Telephone participants must register in advance to receive a confirmation email with dial-in details, including a unique passcode and registrant ID [2] - A replay of the conference call and webcast will be archived on the Company's website [2] Company Overview - MasterCraft Boat Holdings, Inc. is headquartered in Vonore, Tennessee, and is a leading innovator, designer, manufacturer, and marketer of recreational powerboats [3] - The Company operates through three brands: MasterCraft, Crest, and Balise [3] - Additional information about the Company and its brands can be found on its investor and brand websites [3]