MasterCraft, Marine Products Post Sales Gains as Merger Vote Nears

Shareholder votes next week could clear the way for a second‑quarter close of the cash‑and‑stock deal.

Overview

MasterCraft reported fiscal Q3 net sales of $78.2 million and a GAAP loss of $0.7 million driven by one‑time transaction costs tied to the Marine Products deal.
Adjusted results at MasterCraft improved to $7.2 million in net income and $10.7 million in EBITDA, reflecting higher prices, favorable model mix, and lower dealer incentives.
Marine Products posted Q1 net sales of $66.5 million, up 13% year over year, and a net loss of $2.1 million after $5.0 million in pretax merger‑related costs.
Marine Products declared a $0.14 quarterly dividend payable May 14 to shareholders of record May 8.
Both companies highlighted liquidity strength, with MasterCraft holding $84.6 million in cash and investments and Marine Products holding $45.8 million in cash with no debt.