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Company Reports Mixed Q2: RV Slump, Marine Soars
31 Jul
Summary
- RV revenue fell significantly by 15% to $407 million in Q2 2026.
- Marine and Powersports revenue experienced strong growth in Q2 2026.
- Net income increased by 34% despite a slight dip in net sales.
In the second quarter of 2026, the company announced net sales of $1.04 billion, marking a slight decrease of less than 1% compared to the previous year. Revenue streams showed significant divergence, with RV sales declining 15% to $407 million. Conversely, the Marine and Powersports sectors demonstrated robust growth, with revenue up 22% and 28% respectively. The Housing segment also saw a modest 2% increase in revenue.
Despite the slight dip in overall net sales and adjusted operating margin, the company reported a substantial 34% increase in net income, reaching $43 million or $1.28 per diluted share. Adjusted EBITDA was $126 million. The company actively repurchased approximately $91 million of its shares during the quarter. At the close of Q2 2026, the company's net leverage stood at 3.0 times.
