MasterCraft Boat (NasdaqGM:MCFT) Q2 2026 Earnings call February 05, 2026 08:30 AM ET Speaker9Ladies and gentlemen, thank you for standing by, and welcome to the MasterCraft Boat Holdings Fiscal Second Quarter 2026 Earnings Conference Call. Please be advised that today's conference is being recorded. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you'll need to press star one one on ...

Core Insights - Marine Products (MPX) specializes in selling leisure motorboats, with its Chaparral and Robalo models being among the top sellers in their category [1] Group 1: Company Overview - MPX has experienced suppressed sales in recent quarters, attributed partly to inventory adjustments [1] Group 2: Market Position - The Chaparral and Robalo models are highlighted as best-selling products within their class, indicating a strong market presence [1]

Financial Data and Key Metrics Changes - Third quarter sales increased by 7% year-over-year, marking the first quarter of growth in over two years [3][8] - Gross profit rose by 11% to $10.2 million, with a gross profit margin of 19.2%, up 80 basis points from the previous year [8] - SG&A expenses increased by 31% to $7.4 million, with SG&A as a percentage of sales rising to 13.9%, up 260 basis points [9] - Diluted EPS decreased to $0.07 from $0.10 in the prior year, while EBITDA fell by 15% to $3.7 million [9][10] - Year-to-date operating cash flow was $11.7 million, and free cash flow was $10.8 million [9] Business Line Data and Key Metrics Changes - The increase in sales was driven by a 7% net increase in price and mix, despite a slight decrease in the number of boats sold [7] - Field inventory was reduced by 6% year-over-year, indicating effective inventory management [4] Market Data and Key Metrics Changes - The marine industry is experiencing macro and geopolitical risks, but there is cautious optimism among industry players [3][5] - Interest rate cuts are anticipated to positively impact retail demand, although the effects may take time to materialize [5] Company Strategy and Development Direction - The company is focused on investing in new models and enhancing features within the Chaparral and Robalo brands [11] - Strategic growth opportunities and partnerships are being evaluated to enhance the company's portfolio [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing positive feedback from dealers and a year-over-year increase in sales [11] - The company is cautiously optimistic about the impact of potential interest rate cuts on retail demand [5] Other Important Information - The company plans to liquidate its terminated supplemental executive retirement plan, expecting a net cash distribution of approximately $3 million [10] - The company finished the third quarter with $47.4 million in cash and no debt [10] Q&A Session Summary - There were no questions during the Q&A session, indicating a lack of immediate inquiries from analysts or investors [12]

Company Overview - Marine Products Corporation has appointed Gary Kolstad to its Board of Directors, bringing extensive board and management experience [1][2] - The company is a leading manufacturer of high-quality fiberglass boats under the brands Chaparral and Robalo, with a diverse product line including sportboats and fishing models [2] Leadership Insights - Richard A. Hubbell, Chairman of the Board, expressed confidence in Kolstad's contributions to the board, highlighting his beneficial experience in previous roles [2] Product and Market Strategy - Marine Products Corporation continues to diversify its product lines through innovation, aiming to increase market share and enhance financial performance [2]