v3.25.4
Business Segments (Tables)
 6 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information by Segment
The following tables summarize the Company's financial performance by reportable segment:

Three Months Ended January 31,Six Months Ended January 31,
NET SALES:2026202520262025
Recreational vehicles
North American Towable$710,485$828,266$1,607,575$1,727,044
North American Motorized577,071446,2981,238,167951,506
Total North America1,287,5561,274,5642,845,7422,678,550
European684,472612,4651,339,9511,217,368
Total recreational vehicles1,972,0281,887,0294,185,6933,895,918
Other223,665185,653482,721379,164
Intercompany eliminations(69,837)(54,575)(153,435)(114,191)
Total$2,125,856$2,018,107$4,514,979$4,160,891
Three Months Ended January 31,Six Months Ended January 31,
COST OF PRODUCTS SOLD:2026202520262025
Recreational vehicles
North American Towable$634,987$736,620$1,413,082$1,522,961
North American Motorized522,431411,5571,111,905874,038
Total North America1,157,4181,148,1772,524,9872,396,999
European609,343531,5361,187,0081,043,791
Total recreational vehicles1,766,7611,679,7133,711,9953,440,790
Other176,502147,986382,182307,744
Intercompany eliminations(68,661)(54,789)(151,426)(114,282)
Total$1,874,602$1,772,910$3,942,751$3,634,252

Three Months Ended January 31,Six Months Ended January 31,
GROSS PROFIT:2026202520262025
Recreational vehicles
North American Towable$75,498$91,646$194,493$204,083
North American Motorized54,64034,741126,26277,468
Total North America130,138126,387320,755281,551
European75,12980,929152,943173,577
Total recreational vehicles205,267207,316473,698455,128
Other, net45,98737,88198,53071,511
Total$251,254$245,197$572,228$526,639

SELLING, GENERAL AND ADMINISTRATIVE EXPENSE:Three Months Ended January 31,Six Months Ended January 31,
2026202520262025
Recreational vehicles
North American Towable$50,079$59,333$114,437$123,636
North American Motorized31,16927,03366,74757,400
Total North America81,24886,366181,184181,036
European78,54767,296170,528147,023
Total recreational vehicles159,795153,662351,712328,059
Other, net22,14819,42043,95638,894
Corporate30,07833,14070,38379,466
Total$212,021$206,222$466,051$446,419

Three Months Ended January 31,Six Months Ended January 31,
AMORTIZATION EXPENSE:2026202520262025
Recreational vehicles
North American Towable$3,937$4,519$8,014$9,038
North American Motorized3,2093,6576,4187,314
Total North America7,1468,17614,43216,352
European12,07111,62924,13523,836
Total recreational vehicles19,21719,80538,56740,188
Other, net8,5809,25317,15818,506
Corporate—186—372
Total$27,797$29,244$55,725$59,066
Three Months Ended January 31,Six Months Ended January 31,
INTEREST EXPENSE (INCOME), NET:2026202520262025
Recreational vehicles
North American Towable$(3)$(3)$(6)$(6)
North American Motorized—(3)(1)(6)
Total North America(3)(6)(7)(12)
European(163)3363941,665
Total recreational vehicles(166)3303871,653
Other, net386082125
Corporate9,54811,56017,96825,400
Total$9,420$11,950$18,437$27,178

Three Months Ended January 31,Six Months Ended January 31,
OTHER EXPENSE (INCOME), NET:2026202520262025
Recreational vehicles
North American Towable$(9,710)$(355)$(5,618)$(3,558)
North American Motorized(642)(244)(955)(619)
Total North America(10,352)(599)(6,573)(4,177)
European(3,018)(542)(3,168)(2,334)
Total recreational vehicles(13,370)(1,141)(9,741)(6,511)
Other, net(212)880(805)944
Corporate(5,394)(358)(10,919)2,299
Total$(18,976)$(619)$(21,465)$(3,268)

Three Months Ended January 31,Six Months Ended January 31,
INCOME (LOSS) BEFORE INCOME TAXES:2026202520262025
Recreational vehicles
North American Towable$31,195$28,152$77,666$74,973
North American Motorized20,9044,29854,05313,379
Total North America52,09932,450131,71988,352
European(12,308)2,210(38,946)3,387
Total recreational vehicles39,79134,66092,77391,739
Other, net15,4338,26838,13913,042
Corporate(34,232)(44,528)(77,432)(107,537)
Total$20,992$(1,600)$53,480$(2,756)
The following tables provide other supplemental financial information by reportable segment:

TOTAL ASSETS:January 31, 2026July 31, 2025
Recreational vehicles
North American Towable$1,319,428$1,270,005
North American Motorized1,120,550978,762
Total North America2,439,9782,248,767
European2,955,8722,965,645
Total recreational vehicles5,395,8505,214,412
Other1,041,6441,018,622
Corporate579,354832,250
Total$7,016,848$7,065,284

DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:Three Months Ended January 31,Six Months Ended January 31,
2026202520262025
Recreational vehicles
North American Towable$12,010$13,155$24,128$26,249
North American Motorized7,9968,62115,99817,277
Total North America20,00621,77640,12643,526
European32,09830,32765,24562,568
Total recreational vehicles52,10452,103105,371106,094
Other
12,08013,00024,13725,872
Corporate
6948911,4051,689
Total$64,878$65,994$130,913$133,655

Three Months Ended January 31,Six Months Ended January 31,
CAPITAL ACQUISITIONS:2026202520262025
Recreational vehicles
North American Towable$6,584$3,408$13,900$7,566
North American Motorized6,5542,71612,2915,852
Total North America13,1386,12426,19113,418
European10,44216,14019,63227,041
Total recreational vehicles23,58022,26445,82340,459
Other
6,6371,55610,2545,185
Corporate
2,7471,1866,8043,711
Total$32,964$25,006$62,881$49,355