MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Q1 2024 Earnings Call Transcript

Fred Brightbill: The transition to ramp up the 28 was definitely disruptive in production. It requires relayout on the plant and a very different focus in terms of the cycle times of those products. So it’s a significant impact in this first half of the year as we ramp it up. We really expect to hit our pace in the second half of the year in terms of the 28 production. There’s tremendous demand for that. It’s been extremely well-received and we’re phasing back on the legacy products at this point in time to really get the 28 going. So that’s the overall situation that I would expect to see in the near-term and rolling through the year. I couldn’t be more optimistic about the demand for the 28 and it’s just a matter of us. We’re really making sure that we ramp up carefully and do it well.

Eric Wold: And I apologize if I may just a quick follow-up on that. If there is more of a shift towards the 28 versus the legacy product what does that do to average prices going forward?

Fred Brightbill: Yes. Absolutely. It will drive those ASPs down for Aviara. We’re talking more in the range of 100 — I think something on the order of $170,000 to $180,000 ASP for 28.

Tim Oxley: Yes Eric. So for FY 2024 we expect Aviara ASPs to be down mid single – sorry, mid-20% range for the year.

Eric Wold: Got it. Thank you, guys. Appreciate it.

Fred Brightbill: Thank you.

Operator: Thank you. One moment for our next question. Our next question comes from the line of Craig Kennison from Baird. Your line is now open.

Fred Brightbill: Craig, you there?

Operator: If your line…

Fred Brightbill: Yes, go ahead.

Operator: Yes. I was just going to say – just as quick reminder if your line is muted, please unmute. But go ahead, Bobby.

Bobby Potter: No I was just going to say if Craig if you’re talking we still can’t hear you so.

Operator: Craig, so sorry about that. I know you did rejoin using the call-me feature. Management how would you like me to proceed?

Bobby Potter: Let’s queue up the next question if there are others.

Operator: Okay. Perfect. I am showing no more questions at this time. So if you all are ready I’m ready to conclude today’s conference.

Bobby Potter: Yes, thank you.

Operator: Perfect. So thank you for your participation in today’s conference. This does conclude the program and you may now disconnect.