MasterCraft to Acquire Marine Products for $232.2 Million in Cash-Stock Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Should l Buy MCFT?
Source: seekingalpha
- Transaction Overview: MasterCraft Boat has agreed to acquire Marine Products Corporation in a cash-and-stock deal valued at approximately $232.2 million, with Marine Products shareholders receiving $2.43 in cash plus 0.232 shares of MasterCraft stock per share, indicating a strong acquisition intent.
- Financial Metrics: The deal values Marine Products at about 7.2 times its expected EBITDA for the twelve months ending June 30, 2026, after adjusting for eliminated public company and overhead costs, reflecting MasterCraft's confidence in future profitability.
- Equity Structure: Upon closing, MasterCraft shareholders will own 66.5% of the combined company while Marine Products shareholders will hold 33.5%, which will enhance MasterCraft's leadership position in the recreational boating market.
- Management Arrangement: The combined company will be led by MasterCraft CEO Nelson, with Scott Kent continuing as CFO, while Chaparral and Robalo will operate as separate units, ensuring market positioning and operational efficiency for each brand.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MCFT?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MCFT
Wall Street analysts forecast MCFT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MCFT is 20.35 USD with a low forecast of 19.70 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
0 Buy
4 Hold
0 Sell
Hold
Current: 24.610
Low
19.70
Averages
20.35
High
21.00
Current: 24.610
Low
19.70
Averages
20.35
High
21.00
About MCFT
MasterCraft Boat Holdings, Inc. is a designer, manufacturer and marketer of recreational powerboats through its three brands, MasterCraft, Crest and Aviara. It designs, manufactures and sells premium recreational inboard ski/wake, outboard and sterndrive boats. In addition, it offers various accessories, including trailers and aftermarket parts. The Company’s segments include MasterCraft, Pontoon, and Aviara. The MasterCraft segment consists of its MasterCraft brand, which manufactures premium ski/wake boats. MasterCraft participates in a category within the powerboat industry by manufacturing the industry’s premier competitive water ski, wakeboarding, and wake surfing performance boats. The Pontoon segment manufactures and sells pontoon boats and consists of its Crest brand and Balise brand. The Pontoon segment participates in the largest unit producing category in the powerboat industry. The Aviara segment manufactures and sells luxury day boats and consists of the Aviara brand.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MasterCraft Announces Merger with Marine Products, Strong Q2 Performance
- Merger Announcement: MasterCraft has announced a definitive agreement to merge with Marine Products Corporation, a move expected to enhance its marine platform through complementary market-leading brands and an expanded dealer network, promising sustainable financial benefits.
- Financial Performance Boost: In Q2, net sales reached $71.8 million, reflecting a 13.2% year-over-year increase, while adjusted EBITDA rose to $7.5 million, with an EBITDA margin improvement to 10.4%, indicating significant operational efficiency and cost management enhancements.
- Upgraded Full-Year Guidance: Management has raised the fiscal 2026 net sales outlook to between $300 million and $310 million, with adjusted EPS expectations between $1.45 and $1.60, reflecting optimism about market demand.
- Innovative Product Launches: The company received strong engagement at boat shows with the launch of the all-new X22 model and the Balise Halo model, demonstrating robust demand for new products and further solidifying its competitive position in the market.
See More
Investigation into Marine Products and MasterCraft Merger Terms
- Merger Transaction Investigation: Halper Sadeh LLC is investigating the merger between Marine Products Corporation (NYSE:MPX) and MasterCraft Boat Holdings, Inc., which involves $2.43 per share in cash and 0.232 shares of MasterCraft common stock, potentially infringing on shareholder rights.
- Shareholder Rights Advocacy: The law firm encourages Marine shareholders to contact them to discuss their rights, indicating that the merger terms may contain clauses that limit ordinary shareholders' access to superior competing offers, impacting their financial interests.
- Post-Merger Equity Structure: Upon completion of the merger between Devon Energy Corporation (NYSE:DVN) and Coterra Energy Inc., Devon shareholders will own approximately 54% of the combined entity, highlighting the significant implications of the merger on shareholder equity.
- Contingency Fee Arrangement: Halper Sadeh LLC will handle the case on a contingent fee basis, meaning shareholders will not incur out-of-pocket legal fees, aiming to secure increased compensation and disclosures for defrauded investors while protecting their legal rights.
See More
Monteverde Law Firm Investigates MasterCraft Merger Deal
- Merger Investigation Launched: Monteverde & Associates is investigating the merger between MasterCraft Boat Holdings, Inc. and Marine Products Corporation to ensure shareholder rights are protected, particularly as MasterCraft shareholders will own 66.5% of the combined entity post-transaction.
- Shareholder Rights Advocacy: The firm, recognized as a Top 50 firm in the 2024 ISS Securities Class Action Services Report, is committed to recovering millions for shareholders, showcasing its expertise in securities class action litigation.
- Transparency in Legal Services: Monteverde emphasizes that shareholders should inquire about a lawyer's experience with class actions and their success rates when selecting legal representation to ensure adequate advocacy for their rights.
- Contact Information Provided: Shareholders with concerns about the merger or seeking additional information can contact Monteverde & Associates via email or phone, ensuring they receive professional legal advice at no cost or obligation.
See More
MasterCraft (MCFT) Q2 2026 Earnings Transcript
See More
MasterCraft to Acquire Marine Products for $232.2 Million in Cash-Stock Deal
- Transaction Overview: MasterCraft Boat has agreed to acquire Marine Products Corporation in a cash-and-stock deal valued at approximately $232.2 million, with Marine Products shareholders receiving $2.43 in cash plus 0.232 shares of MasterCraft stock per share, indicating a strong acquisition intent.
- Financial Metrics: The deal values Marine Products at about 7.2 times its expected EBITDA for the twelve months ending June 30, 2026, after adjusting for eliminated public company and overhead costs, reflecting MasterCraft's confidence in future profitability.
- Equity Structure: Upon closing, MasterCraft shareholders will own 66.5% of the combined company while Marine Products shareholders will hold 33.5%, which will enhance MasterCraft's leadership position in the recreational boating market.
- Management Arrangement: The combined company will be led by MasterCraft CEO Nelson, with Scott Kent continuing as CFO, while Chaparral and Robalo will operate as separate units, ensuring market positioning and operational efficiency for each brand.
See More
MasterCraft Reports Strong Q2 Earnings Beat with Positive Outlook
- Earnings Beat: MasterCraft Boat's Q2 non-GAAP EPS of $0.29 exceeded expectations by $0.13, demonstrating the company's resilience in a challenging economic environment and boosting investor confidence.
- Revenue Growth: The company reported Q2 revenue of $71.8 million, reflecting a 13.2% year-over-year increase and surpassing market expectations by $2.64 million, indicating sustained strong demand for its products and further solidifying its market position.
- Positive Outlook: For fiscal year 2026, consolidated net sales are projected to be between $300 million and $310 million, with adjusted EBITDA expected to range from $36 million to $39 million, showcasing the company's confidence in future growth and providing clear financial guidance for investors.
- Capital Expenditure Plans: The company anticipates capital expenditures of approximately $9 million for the year, reflecting its commitment to ongoing investments in business growth and operational efficiency, aimed at navigating future market challenges.
See More
MasterCraft Announces Merger with Marine Products, Strong Q2 Performance
- Merger Announcement: MasterCraft has announced a definitive agreement to merge with Marine Products Corporation, a move expected to enhance its marine platform through complementary market-leading brands and an expanded dealer network, promising sustainable financial benefits.
- Financial Performance Boost: In Q2, net sales reached $71.8 million, reflecting a 13.2% year-over-year increase, while adjusted EBITDA rose to $7.5 million, with an EBITDA margin improvement to 10.4%, indicating significant operational efficiency and cost management enhancements.
- Upgraded Full-Year Guidance: Management has raised the fiscal 2026 net sales outlook to between $300 million and $310 million, with adjusted EPS expectations between $1.45 and $1.60, reflecting optimism about market demand.
- Innovative Product Launches: The company received strong engagement at boat shows with the launch of the all-new X22 model and the Balise Halo model, demonstrating robust demand for new products and further solidifying its competitive position in the market.
See More
Investigation into Marine Products and MasterCraft Merger Terms
- Merger Transaction Investigation: Halper Sadeh LLC is investigating the merger between Marine Products Corporation (NYSE:MPX) and MasterCraft Boat Holdings, Inc., which involves $2.43 per share in cash and 0.232 shares of MasterCraft common stock, potentially infringing on shareholder rights.
- Shareholder Rights Advocacy: The law firm encourages Marine shareholders to contact them to discuss their rights, indicating that the merger terms may contain clauses that limit ordinary shareholders' access to superior competing offers, impacting their financial interests.
- Post-Merger Equity Structure: Upon completion of the merger between Devon Energy Corporation (NYSE:DVN) and Coterra Energy Inc., Devon shareholders will own approximately 54% of the combined entity, highlighting the significant implications of the merger on shareholder equity.
- Contingency Fee Arrangement: Halper Sadeh LLC will handle the case on a contingent fee basis, meaning shareholders will not incur out-of-pocket legal fees, aiming to secure increased compensation and disclosures for defrauded investors while protecting their legal rights.
See More
Monteverde Law Firm Investigates MasterCraft Merger Deal
- Merger Investigation Launched: Monteverde & Associates is investigating the merger between MasterCraft Boat Holdings, Inc. and Marine Products Corporation to ensure shareholder rights are protected, particularly as MasterCraft shareholders will own 66.5% of the combined entity post-transaction.
- Shareholder Rights Advocacy: The firm, recognized as a Top 50 firm in the 2024 ISS Securities Class Action Services Report, is committed to recovering millions for shareholders, showcasing its expertise in securities class action litigation.
- Transparency in Legal Services: Monteverde emphasizes that shareholders should inquire about a lawyer's experience with class actions and their success rates when selecting legal representation to ensure adequate advocacy for their rights.
- Contact Information Provided: Shareholders with concerns about the merger or seeking additional information can contact Monteverde & Associates via email or phone, ensuring they receive professional legal advice at no cost or obligation.
See More
MasterCraft (MCFT) Q2 2026 Earnings Transcript
See More
MasterCraft to Acquire Marine Products for $232.2 Million in Cash-Stock Deal
- Transaction Overview: MasterCraft Boat has agreed to acquire Marine Products Corporation in a cash-and-stock deal valued at approximately $232.2 million, with Marine Products shareholders receiving $2.43 in cash plus 0.232 shares of MasterCraft stock per share, indicating a strong acquisition intent.
- Financial Metrics: The deal values Marine Products at about 7.2 times its expected EBITDA for the twelve months ending June 30, 2026, after adjusting for eliminated public company and overhead costs, reflecting MasterCraft's confidence in future profitability.
- Equity Structure: Upon closing, MasterCraft shareholders will own 66.5% of the combined company while Marine Products shareholders will hold 33.5%, which will enhance MasterCraft's leadership position in the recreational boating market.
- Management Arrangement: The combined company will be led by MasterCraft CEO Nelson, with Scott Kent continuing as CFO, while Chaparral and Robalo will operate as separate units, ensuring market positioning and operational efficiency for each brand.
See More
MasterCraft Reports Strong Q2 Earnings Beat with Positive Outlook
- Earnings Beat: MasterCraft Boat's Q2 non-GAAP EPS of $0.29 exceeded expectations by $0.13, demonstrating the company's resilience in a challenging economic environment and boosting investor confidence.
- Revenue Growth: The company reported Q2 revenue of $71.8 million, reflecting a 13.2% year-over-year increase and surpassing market expectations by $2.64 million, indicating sustained strong demand for its products and further solidifying its market position.
- Positive Outlook: For fiscal year 2026, consolidated net sales are projected to be between $300 million and $310 million, with adjusted EBITDA expected to range from $36 million to $39 million, showcasing the company's confidence in future growth and providing clear financial guidance for investors.
- Capital Expenditure Plans: The company anticipates capital expenditures of approximately $9 million for the year, reflecting its commitment to ongoing investments in business growth and operational efficiency, aimed at navigating future market challenges.
See More
