Economic Cyclicality Risk: The demand for recreational boats is highly discretionary and sensitive to general economic conditions, consumer confidence, and disposable income, making the company vulnerable during economic downturns or recessions.

Interest Rate Sensitivity Risk: Rising interest rates increase the cost of financing for both dealers (inventory) and end-consumers (purchases), which can deter sales and negatively impact demand for new boats.

Supply Chain Disruptions Risk: Reliance on a limited number of third-party suppliers for critical components like engines, fiberglass, and electronic systems exposes the company to risks of component shortages, price volatility, or quality issues that could disrupt production.