Core Insights - THOR Industries has launched the world's first range-extended electric class A motorhome, reinforcing its leadership in the eMobility sector [1][2] - The company emphasizes sustainability as a core component of its long-term strategic vision, focusing on innovative products and improving environmental and social impacts [2][3] Sustainability Efforts - THOR has achieved a 36% reduction in global Scope 1 and Scope 2 emissions compared to its Fiscal Year 2019 baseline and a 42% reduction in Scope 3 emissions compared to its Fiscal Year 2022 baseline [5] - The company has installed solar projects that have eliminated 4,611 metric tons of CO2 equivalent emissions, equivalent to the emissions from 1,076 gasoline vehicles driven for one year [5] - THOR has implemented a 'zero-to-landfill' strategy at Erwin Hymer Group UK since December 2024, resulting in no waste sent to landfills [5] Community Engagement - THOR supports over 150 non-profit organizations, including a strategic partnership with the National Forest Foundation, aimed at combating threats to outdoor lifestyles [5] - The company has been recognized in Newsweek's & Statista's lists of "Most Trustworthy Companies in America" and "America's Most Responsible Companies" for four consecutive years, as well as in "America's Greenest Companies" for three consecutive years [5]

Core Viewpoint - THOR Industries, Inc. has announced a regular quarterly cash dividend of $0.52 per share, which will be payable on January 19, 2026, to shareholders of record as of January 5, 2026 [1] Company Overview - THOR Industries is the sole owner of operating subsidiaries that collectively represent the world's largest manufacturer of recreational vehicles [2]

Core Insights - THOR Industries, Inc. reported earnings of 41 cents per share for Q1 fiscal 2026, exceeding the Zacks Consensus Estimate of a loss of 11 cents and up from 26 cents per share in the same quarter of fiscal 2025 [1] - The company achieved revenues of $2.39 billion for the fiscal first quarter, surpassing the Zacks Consensus Estimate of $2.12 billion, representing an 11.5% year-over-year increase [1] Segmental Results - North American Towable RVs segment revenues remained flat at $897.1 million, exceeding the estimate of $810.6 million [2] - North American Motorized RVs segment revenues totaled $661.1 million, a 30.9% year-over-year increase, surpassing the estimate of $520.3 million [4] - European RVs segment revenues reached $655.5 million, an 8.4% increase from the previous year, also beating the estimate of $617.1 million [5] Profitability Metrics - Gross profit for the company totaled $119 million, a 5.8% year-over-year increase, attributed to reduced warranty and promotional expenses [3] - The North American Motorized RVs segment gross profit was $71.6 million, up 67.6% year-over-year due to volume leverage and lower warranty costs [4] - The European RVs segment gross profit fell to $77.8 million, a 16% decline year-over-year, with a pretax loss of $26.6 million compared to a pretax income of $1.18 million in the previous year [6] Financial Position - As of October 31, 2025, THOR had cash and cash equivalents of $509.9 million and long-term debt of $913.1 million [7] - The company reported an operating cash outflow of $44.9 million, contrasting with an operating cash inflow of $30.7 million in the same quarter of 2025 [7] Guidance - THOR expects fiscal 2026 consolidated net sales to be in the range of $9-$9.5 billion, down from $9.6 billion in fiscal 2025, with EPS projected between $3.75-$4.25 compared to $4.84 in fiscal 2025 [8]

Core Insights - Airstream has launched the Stetson + 6666 Special Edition Travel Trailer, combining elements of American heritage with modern mobile living [1][4][10] - The collaboration involves Airstream, Stetson, and Four Sixes Ranch, each bringing their unique legacy to the design [3][4][10] Company Collaboration - The travel trailer is a result of collaboration between Airstream's design and engineering teams and experts from Stetson and Four Sixes Ranch, emphasizing a blend of exploration and Western heritage [3][4] - This model marks the beginning of Airstream's new Collaboration Series, which aims to introduce innovative designs in partnership with various brands [10][11] Design and Features - The interior design incorporates high-quality materials and Western iconography, including leather upholstery and custom artwork, reflecting the craftsmanship of Stetson and Four Sixes Ranch [5][6] - The exterior features weathered metal accents and a custom-designed awning, paying homage to ranching history [7] Specifications - The travel trailer measures 27 feet and accommodates couples, solo travelers, and families of up to four, with flexible sleeping arrangements [8][9] - It includes modern amenities such as lithium batteries, a solar charging system, and a Gross Vehicle Weight Rating (GVWR) of 7,600 pounds [9] Pricing and Availability - The Airstream Stetson + 6666 Special Edition Travel Trailer is priced at $169,900 and is available for order through Airstream's dealer network for a limited time [11]

Group 1 - THOR Industries, Inc. has maintained its price uptrend due to improving RV market conditions and robust performance at the start of FY 2026 [1] - The analyst has extensive experience in the logistics sector and stock investing, focusing on ASEAN and NYSE/NASDAQ stocks, particularly in banks, telecommunications, logistics, and hotels [1] - The analyst's investment strategy includes diversification across different industries and market cap sizes, with holdings for both retirement and trading profits [1] Group 2 - The analyst entered the US market in 2020 and has been using analyses from Seeking Alpha to compare with the Philippine market [1]

Core Insights - THOR Industries, Inc. has maintained a price uptrend due to improving conditions in the RV market and a strong start to FY 2026 [1] Company Overview - THOR Industries, Inc. is experiencing robust performance, contributing to its sustained price increase [1] Market Context - The RV market conditions are improving, which is positively influencing investor sentiment towards THOR Industries [1] Analyst Background - The analyst has nearly two decades of experience in the logistics sector and focuses on ASEAN and NYSE/NASDAQ stocks, particularly in banks, telecommunications, logistics, and hotels [1] - The analyst has been trading in the Philippine stock market since 2014 and entered the US market in 2020, gaining insights from Seeking Alpha [1]

Core Insights - Thor Industries, Inc. is a leading player in the recreational vehicle (RV) industry, recognized for its diverse range of RV manufacturing and strong market position [1] Financial Performance - The company reported earnings per share (EPS) of $0.40, significantly exceeding the estimated loss of $0.11, resulting in a 472.73% positive surprise compared to analyst estimates [2][6] - Thor Industries achieved revenue of approximately $2.39 billion for the quarter ended October 2025, surpassing the estimated $1.98 billion and reflecting an 11.5% year-over-year growth [3][6] - The gross profit for the quarter grew by 14% year over year to $321 million, with the gross margin expanding by 30 basis points to 13.4% [4] - The adjusted EBITDA rose by 21.5% year over year to $131 million, indicating strong operational efficiency [4][6] Cash Flow and Financial Stability - Despite reporting an operating cash outflow of $44.9 million for the quarter, the company ended the period with $509.9 million in cash and equivalents, demonstrating a strong liquidity position [5] - Thor Industries maintains a low debt-to-equity ratio of nearly 0.00066, highlighting its financial stability and attractiveness to investors [5]

Core Insights - Thor Industries reported $2.39 billion in revenue for the quarter ended October 2025, marking an 11.5% year-over-year increase and a 12.9% surprise over the Zacks Consensus Estimate of $2.12 billion [1] - The EPS for the same period was $0.41, significantly up from $0.26 a year ago, resulting in a surprise of 472.73% compared to the consensus estimate of -$0.11 [1] Revenue and Earnings Performance - The reported revenue of $2.39 billion represents a strong performance compared to Wall Street expectations, indicating robust financial health [1][2] - Year-over-year comparisons of key metrics are essential for investors to gauge the company's financial trajectory and stock price performance [2] Unit Shipments and Sales Metrics - Unit shipments for recreational vehicles in Europe were 8,723, exceeding the average estimate of 8,095 [4] - North American Towable unit shipments were 25,807, below the estimated 29,009 [4] - Total unit shipments were 39,480, slightly below the average estimate of 40,976 [4] - North American Motorized unit shipments were 4,950, surpassing the average estimate of 3,872 [4] Net Sales Analysis - Net sales for recreational vehicles in Europe reached $655.48 million, exceeding the average estimate of $591.25 million, reflecting an 8.4% year-over-year increase [4] - Total North American recreational vehicle net sales were $1.56 billion, significantly above the estimated $1.14 billion, with an 11% year-over-year change [4] - North American Towable net sales were $897.09 million, slightly above the average estimate of $876.12 million, but showing a minor decline of 0.2% year-over-year [4] - North American Motorized net sales were $661.1 million, exceeding the average estimate of $510.31 million, with a notable increase of 30.9% year-over-year [4] - Total net sales for recreational vehicles were $2.21 billion, surpassing the estimated $1.99 billion, reflecting a 10.2% year-over-year increase [4] - Intercompany eliminations showed a net sales figure of -$83.6 million, worse than the average estimate of -$63.32 million, but representing a 40.2% year-over-year change [4] - Other net sales reached $259.06 million, exceeding the average estimate of $204.93 million, with a year-over-year increase of 33.9% [4]

Financial Performance - Q1 Fiscal 2026 - Consolidated net sales reached $2.39 billion, an increase of 11.5% compared to Q1 Fiscal 2025[7] - North American Towable net sales were $897.09 million, a slight decrease of 0.2% year-over-year[7, 12] - North American Motorized net sales increased significantly by 30.9% to $661.10 million[7, 16] - European net sales increased by 8.4% to $655.48 million[7, 20] - Gross profit margin improved by 30 basis points to 13.4%[10] - Net income was $21.67 million, a significant improvement compared to a loss of $1.83 million in the prior year[10] Segment Highlights - North American Towable wholesale shipments decreased by 14.0%, but the average sales price increased by 16.1% to $34,761[12] - North American Motorized wholesale shipments increased by 32.3%, while the average sales price slightly decreased by 1.1% to $133,555[16] - European wholesale shipments increased slightly by 1.0%, and the average sales price increased by 7.3% to $75,144[20] Liquidity and Capital Management - Total liquidity stood at $1.44 billion, including $509.88 million in cash and cash equivalents[24] - Outstanding debt was $926.06 million, resulting in a net debt to TTM EBITDA ratio of 0.6x[24] - The company repurchased 50,235 shares for approximately $5.0 million during the quarter[31] Fiscal Year 2026 Guidance - The company anticipates consolidated net sales between $9.0 billion and $9.5 billion[34]

Core Viewpoint - Thor Industries reported quarterly earnings of $0.41 per share, significantly exceeding the Zacks Consensus Estimate of a loss of $0.11 per share, and showing an increase from $0.26 per share a year ago, resulting in an earnings surprise of +472.73% [1] - The company posted revenues of $2.39 billion for the quarter ended October 2025, surpassing the Zacks Consensus Estimate by 12.90% and increasing from $2.14 billion year-over-year [2] Financial Performance - Over the last four quarters, Thor Industries has surpassed consensus EPS estimates three times and topped revenue estimates four times [2] - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $2.02 billion, and for the current fiscal year, it is $4.03 on revenues of $9.48 billion [7] Stock Performance and Outlook - Thor Industries shares have increased by approximately 15.2% since the beginning of the year, compared to the S&P 500's gain of 16.1% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future due to unfavorable estimate revisions prior to the earnings release [6] Industry Context - The Building Products - Mobile Homes and RV Builders industry, to which Thor Industries belongs, is currently ranked in the top 41% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Winnebago Industries, another company in the same industry, is expected to report quarterly earnings of $0.12 per share, reflecting a year-over-year change of +500% [9]