Q3 revenue down 9.9%, operating income fell 23.9%; adds Middle East conflict risk disclosure

Filed June 25, 2026 · Period ending May 30, 2026 · Compared to 10-Q Jun 25, 2025 · ~2 min read

Key Changes

• high

  Q3 FY26 net revenues fell 9.9% to $698.7M and operating income dropped 23.9% to $23.0M (3.3% margin), driven by lower unit volume across Towable RV (down 26.1%) and Marine (down 8.3%) segments, partially offset by Motorhome RV's 10.1% revenue growth and return to profitability.

  MD&A: Segment Results verify on EDGAR →
• high

  Company redeemed $100M of Senior Secured Notes in February 2026 at par, reducing outstanding principal to $100M and improving cash position to $57.1M (from $10.5M prior year) as operating cash flow turned positive at $26.2M year-to-date.

  MD&A: Liquidity and Capital Resources verify on EDGAR →
• medium

  New disclosure added citing intensified Middle East conflicts (U.S., Israel, Iran) as a risk to energy prices, consumer discretionary spending, and interest rate expectations, potentially delaying rate cuts and increasing consumer borrowing costs for RV and marine purchases.

  MD&A: Forward-Looking Statements verify on EDGAR →