MasterCraft Boat Holdings, Inc. reported consolidated net sales of $63.4 million for the second quarter of fiscal 2025, a decrease of $26.4 million from the prior-year period. Diluted income from continuing operations per share was $0.03, down from $0.51 in the second quarter of fiscal 2024.
Adjusted net income per diluted share was $0.10, compared to $0.55 in the prior-year period, and Adjusted EBITDA was $3.5 million, down from $12.9 million. The gross margin percentage declined by 610 basis points to 5.6%, primarily due to unfavorable model mix and lower cost absorption from decreased production volume.
Despite the challenging environment, the company generated $13.9 million of cash flow from continuing operations during the quarter. MasterCraft narrowed its full-year guidance, citing second-quarter outperformance and confidence from the XStar launch, while remaining focused on positioning the business for a market recovery.
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