THOR reported Q3 net income of $97.2M (down 28.1% YoY) with gross margins compressed 250bps to 12.8%, citing tariffs and consumer sentiment weakness in North American Towable segment. The company lowered full-year diluted EPS guidance to $3.30-$3.80 from $3.75-$4.25 while maintaining sales guidance of $9.0-$9.5B, reflecting prolonged macroeconomic challenges offsetting resilience in Motorized and European segments.