Core Viewpoint - Twin Vee PowerCats Co. has announced a public offering of 6,383,000 shares of common stock at a price of $0.47 per share [1] Group 1 - The company is a manufacturer, distributor, and marketer of power sport boats [1] - The offering is categorized as a best-efforts public offering [1]

Core Insights - Malibu Boats and Axis Wake received recognition through the Marine Industry Customer Satisfaction Index (CSI) Program, highlighting their performance in product quality and craftsmanship [1][2] - The recognition was awarded at the 2026 Miami International Boat Show, emphasizing the importance of customer feedback during the first year of boat ownership [2] - The CSI Program, administered by the National Marine Manufacturers Association (NMMA), evaluates satisfaction across various ownership touchpoints, including purchase process, delivery experience, product quality, and service support [2] Company Performance - The recognition reflects the engineering excellence, vertical integration, and consistent manufacturing practices of Malibu and Axis [1][3] - Rachael Green, Senior Vice President of Operations & Engineering, stated that the goal is to build the best boats and provide a world-class ownership experience, supported by high standards in manufacturing and dealer partnerships [3] Company Overview - Malibu Boats, Inc. is headquartered in Loudon, Tennessee, and designs, engineers, manufactures, and markets a portfolio of recreational powerboat brands, including Malibu Boats and Axis Wake [4]

FORT PIERCE, FL / ACCESS Newswire / February 18, 2026 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced it will host an exclusive, invitation-only Media Day on March 26, 2026 at 10:00 AM during the Palm Beach Boat Show, formally unveiling the relaunch of Bahama Boat Works, one of Florida's most iconic and beloved luxury boat brands. The private presentation will feature remarks from Joseph Visconti, President ...

MONSEY, N.Y., Feb. 17, 2026 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Marine Products Corporation (NYSE: MPX) (“MPX”) to MasterCraft Boat (“MasterCraft”) for $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share of MPX. Based on MasterCraft’s closing share price of $23.90 on February 13, 2026, the consideration implies a value of $7.97 per MPX share. The sale was approved upon the recommendation of a purportedl ...

Core Viewpoint - Malibu Boats, Inc. reported a significant decline in stock price following the release of its fiscal Q2 results, indicating potential weaknesses in the company's performance [1]. Financial Performance - The company reported its fiscal Q2 results for the October-December period on February 5, leading to an 11% drop in stock price for the day [1]. Market Reaction - The stock's decline suggests that investors reacted negatively to the financial results, reflecting concerns about the company's operational performance and future outlook [1].

Core Insights - MasterCraft Boat reported fiscal second-quarter 2026 results that exceeded internal expectations, with consolidated net sales of $71.8 million, up 13.2% year-over-year, and a gross margin improvement to 21.6% [4][7][8] Financial Performance - Operating expenses increased to $12.8 million, up $2.1 million from the prior year, due to costs associated with a new ERP system, business development, and higher selling and marketing costs [1] - Adjusted net income was $4.7 million, or $0.29 per diluted share, compared to $1.7 million, or $0.10 per share, a year earlier [8] - Adjusted EBITDA rose to $7.5 million, up from $3.5 million last year, with an adjusted EBITDA margin improvement to 10.4% from 5.6% [8] Inventory and Demand - Pipeline inventory levels improved by approximately 25% year-over-year, with management maintaining a full-year assumption of a 5% to 10% decline in retail demand [9][10] - The company is entering the spring selling season with "right-sized" dealer inventories and a focus on innovation and cost efficiencies [3] Strategic Initiatives - MasterCraft announced a definitive agreement to combine with Marine Products Corporation, which is expected to broaden its brand portfolio and dealer footprint [4][6] - The transaction is valued at $232.2 million, with Marine Products shareholders receiving 0.232 shares of MasterCraft stock plus $2.43 in cash per share [6][18] - The combined company is expected to achieve approximately $6 million in annual cost savings and be accretive to adjusted EPS in fiscal 2027 [21] Future Guidance - Management raised full-year guidance for fiscal 2026 to $300–$310 million in sales, $36–$39 million in adjusted EBITDA, and $1.45–$1.60 in adjusted EPS, excluding the Marine Products deal [7][15] - For the fiscal third quarter of 2026, net sales are expected to be approximately $75 million, with adjusted EBITDA around $9 million and adjusted EPS of approximately $0.35 [15] Brand and Product Development - The MasterCraft brand is supported by premium products with higher margins, with new models like the X24, XStar, and the all-new X22 enhancing the product mix [12] - In the pontoon segment, operational improvements and new product introductions, such as the Halo model from the luxury brand Balise, are being emphasized [13][14]

Core Insights - Malibu Boats reported solid fiscal second-quarter 2026 results, slightly exceeding internal expectations despite a challenging retail environment [4][11] - The company is optimistic about its inventory position and upcoming product launches, including two new models at the Miami International Boat Show [2][5] Financial Performance - Q2 net sales were $188.6 million, down 5.8% year-over-year, with unit volume decreasing by 9.5% to 1,106 units [7][11] - Gross profit fell 32.9% to $25.1 million, resulting in a gross margin of 13.3%, down 540 basis points from the previous year [13][15] - The company posted a GAAP net loss of $2.5 million compared to a net income of $2.4 million in the prior year, with adjusted EBITDA declining 52.5% to $8.0 million [15][16] Strategic Initiatives - Malibu is implementing a retail financing program, MBI Acceptance, offering rates as low as 3.99%, which is gaining traction among dealers [5][8] - The company is also launching a new marine components business, focusing on systems and processes, with early traction noted in product offerings [9][10] Market Outlook - Management expects full-year sales to be flat to down mid-single digits, with a continued decline in marine markets anticipated [17][18] - For fiscal Q3, net sales are guided to be between $198 million and $202 million, with an adjusted EBITDA margin expected around 8.5% [17][18] Dealer and Inventory Insights - Dealer sentiment has been mixed, but overall trends are positive, with boat shows meeting expectations [20] - The company noted a healthy inventory position for model year 2026 boats, while the broader industry is experiencing some destocking [5][21]

Core Insights - MasterCraft Boat Holdings, Inc. reported revenue of $71.76 million for the quarter ended December 2025, marking a year-over-year increase of 13.2% and exceeding the Zacks Consensus Estimate of $69.87 million by 2.71% [1] - The company achieved an EPS of $0.29, significantly higher than the $0.10 reported a year ago, resulting in an EPS surprise of 77.59% compared to the consensus estimate of $0.16 [1] Financial Performance Metrics - MasterCraft's unit sales volume reached 409, slightly above the average estimate of 408, while the consolidated unit sales volume was 583, exceeding the average estimate of 563 [4] - The net sales per unit for MasterCraft was reported at $151.00, matching the average estimate, while the consolidated net sales per unit was $123.00, slightly below the average estimate of $125.05 [4] - Net sales for MasterCraft amounted to $61.74 million, surpassing the average estimate of $61.55 million, reflecting a year-over-year change of 12.1%, while net sales for Pontoon reached $10.02 million, exceeding the average estimate of $8.75 million with a year-over-year increase of 21.2% [4] Stock Performance - Over the past month, shares of MasterCraft Boat Holdings, Inc. have returned 12.2%, significantly outperforming the Zacks S&P 500 composite, which saw a change of 0.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Malibu Boats (MBUU) reported revenue of $188.62 million for the quarter ended December 2025, reflecting a year-over-year decline of 5.8% and an EPS of -$0.02 compared to $0.31 a year ago, indicating a significant drop in profitability [1] - The reported revenue exceeded the Zacks Consensus Estimate of $186.35 million by 1.22%, while the EPS surprise was +20% against the consensus estimate of -$0.03 [1] Financial Performance Metrics - Net Sales per Unit totaled $170,544, surpassing the two-analyst average estimate of $169,800 [4] - Unit Volume by Segment reached 1,106, slightly above the average estimate of 1,098 [4] - Revenue by product for Malibu was $70.6 million, exceeding the estimate of $68.7 million but showing a year-over-year decline of 4.7% [4] - Cobalt's revenue was reported at $52.6 million, above the average estimate of $51.85 million, with a year-over-year change of -6.1% [4] - Saltwater Fishing revenue was $65.3 million, slightly below the estimate of $66.05 million, reflecting a year-over-year decline of 7% [4] Stock Performance - Shares of Malibu Boats have returned +11.5% over the past month, outperforming the Zacks S&P 500 composite, which changed by +0.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Viewpoint - MasterCraft Boat Holdings, Inc. has announced a definitive agreement to combine with Marine Products Corporation, enhancing its marine platform through complementary brands and an expanded dealer network [1][14][20] Financial Performance - In Q2, net sales increased by $8.4 million or 13% year-over-year, reaching $71.8 million, driven by favorable model mix, higher volumes, and pricing [4][10] - Adjusted EBITDA rose to $7.5 million, compared to $3.5 million in the prior year, with an adjusted EBITDA margin improvement of 480 basis points to 10.4% [11][12] - The company raised its full-year guidance for net sales, earnings, and adjusted earnings per share, expecting consolidated net sales between $300 million and $310 million for fiscal 2026 [5][12] Product Development and Innovation - MasterCraft is focusing on innovation with new product launches, including the redesigned X24 and Xstar, which have generated strong demand signals [6][7] - The combination with Marine Products is expected to enhance product development capabilities and accelerate the launch of new models [14][17] Strategic Benefits of the Combination - The merger will create a stronger, diversified marine platform with a combined dealer network of over 500 dealers globally, improving market entry efficiency [16][20] - The transaction is expected to deliver approximately $6 million in annual cost savings by eliminating Marine Products' public company costs and corporate overhead [24] - The combined company will maintain distinct brand identities while expanding product offerings across various price points and boat lengths [15][18] Market Opportunities - The merger allows MasterCraft to access a broader market, including recreational and sport fishing segments, with an estimated addressable market of $12 billion [50][58] - The integration is projected to unlock additional revenue and cost synergies through shared innovation platforms and operational efficiencies [25][29] Transaction Details - Marine Products Corporation shareholders will receive 0.232 shares of MasterCraft stock and $2.43 in cash per share, totaling $86 million in cash consideration [20][21] - The transaction has been unanimously approved by the boards of both companies and is expected to close in calendar 2026, subject to regulatory approvals [21][22]