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    Kevin Condon • Robert W. Baird & Co. Incorporated

    Kevin P. Condon is a Senior Equity Research Associate at Robert W. Baird & Co. Incorporated, specializing in coverage within the consumer and technology sectors. He contributes to research on companies such as EverQuote Inc. and has experience analyzing a range of businesses, with involvement in both private banking and equity research teams. With more than 15 years of industry experience, Condon previously held roles at Tamarix Capital Corp. and The Edgewater Funds before joining Baird, and he holds an MBA from the University of Chicago Booth School of Business and a BBA from the University of Wisconsin. He maintains professional credentials registered with FINRA.

    Kevin Condon's questions to Mastercraft Boat Holdings Inc (MCFT) leadership

    Kevin Condon's questions to Mastercraft Boat Holdings Inc (MCFT) leadership • Q4 2024

    Question

    Kevin Condon sought confirmation on the 20% year-over-year inventory reduction in fiscal 2024 and asked about the destocking target for fiscal 2025, including how the new Balise brand would impact the overall pontoon segment inventory.

    Answer

    Executive Timothy Oxley confirmed significant destocking occurred in fiscal 2024, at the low end of the 600-1,000 unit target range. He anticipates a similar level of destocking in fiscal 2025, likely weighted more towards the Crest brand. He clarified that the new, higher-priced Balise units would not offset the destocking focus on Crest, as they are distinct initiatives.

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