- **Revenue Growth**: 5% YoY to $180.7M, driven by Fishing and Camping segments.
- **Gross Margin Expansion**: 37.6% (up 1.8% YoY) from cost control and pricing.
- **Tariff Impact**: Q4 expected to rise, with mitigation strategies in place.
- **Strategic Resilience**: Debt-free balance sheet and innovation-driven growth.
- **Market Recognition**: Industry awards highlight product leadership in Fishing and Boating.

**【CEO Summary Section】**
- **Revenue Growth**: 5% year-over-year increase to $180.7 million, with operating profit rising to $7.3 million from a prior loss.
- **Fishing Segment Success**: MEGA Live 2 Sonar and XPLORE fish finder units exceeded expectations, winning Best in Electronics at ICAST. Minn Kota's Riptide Instinct motor received the Marine Power Innovation Award.
- **Camping & Watercraft Strength**: Jetboil Fast Boil systems outperformed expectations, while Old Town maintained resilience in a challenging watercraft market.
- **Diving Market Challenges**: Slight improvement amid macroeconomic uncertainties, with ongoing integration of a long-term supplier.
- **Strategic Focus**: Innovation, operational efficiency, e-commerce growth, and a debt-free balance sheet.

**【CFO Financial Commentary】**
- **Gross Margin Expansion**: 37.6% (up 1.8 percentage points YoY) driven by higher volumes, pricing, and cost savings, offset by modest tariff impacts.
- **Expense Reduction**: Operating expenses decreased $1.7 million, excluding a $2 million deferred compensation adjustment.
- **Inventory Management**: Balance reduced by $59.4 million YoY, with ongoing efforts to optimize levels.
- **Tariff Mitigation**: Q4 expected to see tariff impacts flow through, with strategies to adjust as clarity emerges.
- **Cost Savings Program**: Ongoing initiatives to enhance product costs and operational efficiency.

**【Q&A Key Highlights】**
- **Sales Trend**: Monthly improvement throughout Q3, with cautious optimism for July as the season winds down.
- **Tariff Outlook**: Anticipated Q4 impact, with mitigation strategies including pricing adjustments and supply chain alternatives.
- **Promotional Activity**: Reduced discounts sustained, but future actions will depend on market dynamics.
- **Inventory Reduction**: Further progress expected, though macroeconomic factors may pose challenges.
- **Awards Impact**: ICAST recognition boosted XPLORE demand momentum, aligning with innovation strategy.

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