Net sales for the three months ended January 31, 2026, increased by 5.3% to $2.13 billion, compared to $2.02 billion in the prior year. Net income attributable to THOR Industries, Inc. for the quarter was $17.8 million, or $0.34 per diluted share, a substantial improvement from a net loss of $0.55 million, or $(0.01) per diluted share, in the same period last year. For the six months ended January 31, 2026, net sales rose 8.5% to $4.51 billion, with net income attributable to THOR reaching $39.47 million, or $0.75 per diluted share, compared to a net loss of $2.38 million, or $(0.04) per diluted share, in the prior year. North American Motorized RV segment net sales increased by 29.3% for the quarter and 30.1% for the six months, driven by higher unit shipments and improved demand. North American Towable RV segment net sales decreased by 14.2% for the quarter and 6.9% for the six months, primarily due to lower demand for travel trailer units. European RV segment net sales increased by 11.8% for the quarter and 10.1% for the six months, largely due to favorable foreign currency exchange rates, but the segment reported a loss before income taxes of $(12.31) million for the quarter and $(38.95) million for the six months. Consolidated gross profit percentage decreased to 11.8% for the quarter from 12.1% in the prior year, mainly due to a higher concentration of lower-margin motorized sales and unfavorable European product mix. Cash and cash equivalents decreased significantly to $242.18 million as of January 31, 2026, from $586.60 million at July 31, 2025, primarily due to cash used in operating, investing, and financing activities. Total order backlog decreased 9.0% to $3.50 billion as of January 31, 2026, from $3.84 billion in the prior year, with North American Towable backlog down 42.1% and European backlog up 11.4% (due to FX). The company repurchased $30.28 million of its common stock during the six months ended January 31, 2026, with $349.02 million remaining under the current authorization. Quarterly cash dividend increased to $0.52 per share in October 2025 from $0.50 per share.