Company: MCFT
Filing Date: 2025-08-27
Form Type: 10-K
Source: 0000950170-25-111682
Chunk: 12

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-08-27
Form: 10-K
Item: Item 6
Chunk 12
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 We are closely monitoring the rapidly evolving tariff landscape and are working diligently with key suppliers to mitigate risks. For additional information regarding the potential impacts of tariffs on our business and results of operations, see Item 1A “Risk Factors — Risks Relating to Our Regulatory, Accounting, Legal, and Tax Environment.”Results of OperationsFiscal 2025 was impacted by anticipated market and economic uncertainty. Net sales decreased primarily due to planned lower unit volumes aimed at aligning dealer inventories with retail demand. Gross margin declined due to lower cost absorption driven by decreased production volume.We derived the consolidated statements of operations for the fiscal years ended June 30, 2025 and 2024 from our audited consolidated financial statements and related notes included elsewhere in this Form 10-K. Our historical results are not necessarily indicative of the results that may be expected in the future.Consolidated Results

     2025

     2024

     Change

     % Change

     (Dollar amounts in thousands)

     Consolidated statements of operations:

     NET SALES
      
     $
     284,203

     $
     322,351

     $
     (38,148
     )

     (11.8
     %)

     COST OF SALES

     227,338

     250,741

     (23,403
     )

     (9.3
     %)

     GROSS PROFIT

     56,865

     71,610

     (14,745
     )

     (20.6
     %)

     OPERATING EXPENSES:

     Selling and marketing

     11,740

     11,203

     537

     4.8
     %

     General and administrative

     32,093

     31,119

     974

     3.1
     %

     Amortization of other intangible assets

     1,800

     1,812

     (12
     )

     (0.7
     %)

     Total operating expenses

     45,633

     44,134

     1,499

     3.4
     %

     OPERATING INCOME

     11,232

     27,476

     (16,244
     )

     (59.1
     %)

     OTHER INCOME (EXPENSE):

     Interest expense

     (1,169
     )

     (3