Net revenues climbed 6.0% to $657.4 million from $620.2 million a year earlier, driven by selective price adjustments and product mix. Gross profit rose 2.9% to $85.6 million with a 13.0% margin, while net income reached $4.8 million, or $0.17 per diluted share, reversing a prior-year loss. Adjusted EPS increased to $0.27 from $0.19, and adjusted EBITDA grew 7.0% to $24.4 million.

Towable RV revenues fell 9.0% to $262.4 million, with a 4.2% operating margin down 20 basis points due to volume deleverage and mix shifts. Motorhome RV revenues surged 29.3% to $304.7 million, lifting operating income margin 270 basis points to 2.4% on new-product volume. Marine revenues dipped 3.0% to $79.2 million, while margin compressed 300 basis points to 3.7% from higher warranty costs and lower volume.

Cash and equivalents declined to $47.4 million from $181.7 million at quarter start, reflecting the $100.0 million redemption of senior secured notes. Total outstanding debt stood at $442.3 million net of issuance costs, with working capital of $403.5 million as of February 28, 2026.

The company maintained its full-year revenue and adjusted EPS guidance, citing new product launches and cost management to bolster performance in the seasonally stronger spring and summer months. Leadership emphasized operational discipline and inventory management, while noting potential impacts from commodity prices and consumer sentiment.