XML 21 R9.htm IDEA: XBRL DOCUMENT v3.25.0.1
Business Segments
 6 Months Ended
Jan. 31, 2025
Segment Reporting [Abstract]  
Business Segments Business Segments
The Company has three reportable segments, all related to recreational vehicles: (1) North American Towable Recreational Vehicles, (2) North American Motorized Recreational Vehicles and (3) European Recreational Vehicles. The operations of the Company's Airxcel and Postle subsidiaries are included in “Other”. Net sales included in Other relate primarily to the sale of specialized component parts and aluminum extrusions. Intercompany eliminations adjust for Airxcel and Postle sales to the Company’s North American Towable and North American Motorized segments, which are consummated at established transfer prices generally consistent with the selling prices of products to third parties.

The following tables reflect certain financial information by reportable segment:

Three Months Ended January 31,Six Months Ended January 31,
NET SALES:2025202420252024
Recreational vehicles
North American Towable$828,266$730,968$1,727,044$1,676,422
North American Motorized446,298570,424951,5061,281,583
Total North America1,274,5641,301,3922,678,5502,958,005
European612,465782,2941,217,3681,490,495
Total recreational vehicles1,887,0292,083,6863,895,9184,448,500
Other185,653166,534379,164365,455
Intercompany eliminations(54,575)(42,851)(114,191)(105,827)
Total$2,018,107$2,207,369$4,160,891$4,708,128

Three Months Ended January 31,Six Months Ended January 31,
INCOME (LOSS) BEFORE INCOME TAXES:2025202420252024
Recreational vehicles
North American Towable$28,152$661$74,973$49,910
North American Motorized4,29826,46013,37963,512
Total North America32,45027,12188,352113,422
European2,21038,0573,38766,824
Total recreational vehicles34,66065,17891,739180,246
Other, net8,2687,34313,04216,819
Corporate(44,528)(65,627)(107,537)(117,589)
Total$(1,600)$6,894$(2,756)$79,476

TOTAL ASSETS:January 31, 2025July 31, 2024
Recreational vehicles
North American Towable$1,368,779$1,290,117
North American Motorized975,2331,077,808
Total North America2,344,0122,367,925
European2,672,4112,871,316
Total recreational vehicles5,016,4235,239,241
Other1,013,9691,058,842
Corporate683,739722,740
Total$6,714,131$7,020,823
DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:Three Months Ended January 31,Six Months Ended January 31,
2025202420252024
Recreational vehicles
North American Towable$13,155$13,788$26,249$27,552
North American Motorized8,6218,84917,27717,791
Total North America21,77622,63743,52645,343
European30,32731,13662,56861,533
Total recreational vehicles52,10353,773106,094106,876
Other
13,00013,66825,87227,294
Corporate
8916781,6891,227
Total$65,994$68,119$133,655$135,397

Three Months Ended January 31,Six Months Ended January 31,
CAPITAL ACQUISITIONS:2025202420252024
Recreational vehicles
North American Towable$3,408$4,443$7,566$11,373
North American Motorized2,7165,3865,85212,861
Total North America6,1249,82913,41824,234
European16,14016,11627,04130,876
Total recreational vehicles22,26425,94540,45955,110
Other
1,5566,2445,18514,535
Corporate
1,1864,1723,7116,907
Total$25,006$36,361$49,355$76,552