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Exhibit 99.1 VONORE , Tenn . - MasterCraft Boat Holdings , Inc. Reports Record Earnings for May 12 , 2021 Fiscal 2021 Third Quarter MasterCraft Boat Holdings , Inc. ( NASDAQ : MCFT ) today announced financial results for its fiscal 2021 third quarter ended April 4 , 2021 . Highlights : Delivered the most profitable quarter in the Company's history Net sales increased to a record $ 147.9 million , up 44 percent from $ 102.6 million in the prior - year period Gross margin expanded by 450 basis points to 25.2 % Net income was $ 17.6 million or $ 0.93 per diluted share Diluted Adjusted Net Income per share , a non - GAAP measure , was a record $ 1.01 , a 120 percent increase from $ 0.46 in the prior - year period Adjusted EBITDA , a non - GAAP measure , grew 97 percent to a record $ 27.5 million from $ 14.0 million in the prior - year period Adjusted EBITDA margin , a non - GAAP measure , expanded by 500 basis points to 18.6 % Guidance for full - year fiscal 2021 raised on strength of retail demand and production ramp up Fred Brightbill , Chief Executive Officer and Chairman , commented , " Building upon the record quarterly performances we delivered in our first and second quarters , the fiscal third quarter was the most profitable quarter in the Company's history . This record - setting performance was driven by year - over - year and sequential unit increases at each of our segments , achieved through disciplined execution and operational excellence . The credit goes to our more than 1,400 employees that continued to execute against our key strategic priorities and the strength of our brands . Throughout this challenging and dynamic operating environment , we have been able to scale and accelerate production while expertly managing our supply chain to deliver for our dealers and consumers in this robust demand environment . " Brightbill continued , “ Execution of our consumer - centric strategy remains our top focus as we look to drive sustainable , accelerated growth into fiscal 2022 and beyond . The heightened interest in boating as a safe , fun , outdoor , family - friendly recreation continues to endure . Strong retail demand across all our brands continued in our fiscal third quarter , resulting in a record wholesale backlog that provides us with great confidence in our outlook and ability to create long - term shareholder value . " Third Quarter Results Net sales for the third quarter were $ 147.9 million , an increase of $ 45.3 million or 44.2 percent , compared to $ 102.6 million for the COVID - impacted prior - year period . The increase was primarily a result of achieving the highest wholesale unit volume in the history of the