ELKHART, Ind., Dec. 16, 2025 /PRNewswire/ -- THOR Industries, Inc. (NYSE: THO) today announced that its Board of Directors approved, at its December 16, 2025, meeting, the payment of a regular quarterly cash dividend of $0.52 per share. The regular cash dividend is payable on January 19, 2026, to shareholders of record at the close of business on January 5, 2026. About THOR Industries, Inc. THOR Industries is the sole owner of operating subsidiaries which, combined, represent the world's largest manufactur ...

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]

Market Performance - THOR's North American RV market share is approximately 39.1% for travel trailers and fifth wheels combined, and 47.9% for motorhomes as of September 30, 2025[74]. - North American RV independent dealer inventory decreased by 5.5% to approximately 70,900 units as of October 31, 2025, compared to 75,000 units a year earlier[77]. - THOR's North American RV backlog increased by $36,333, or 1.9%, to $1,932,525 as of October 31, 2025, driven by increased orders for motorized products[79]. - North American wholesale unit shipments for THOR increased by 3.0% to 104,267 units for the nine months ended September 30, 2025, compared to 101,185 units in the same period of 2024[85]. - North American retail unit registrations for THOR decreased by 1.7% to 113,230 units for the nine months ended September 30, 2025, compared to 115,181 units in 2024[86]. - The RVIA projects a total of approximately 339,700 North American wholesale unit shipments for calendar year 2025, up 1.8% from 2024[80]. - The most likely scenario for calendar year 2026 wholesale unit shipments is projected to increase to approximately 349,000 units, or 2.8% higher than the 2025 forecast[81]. Sales and Revenue - North American total recreational vehicle net sales increased by 11.0% to $1,558,186, while European net sales rose by 8.4% to $655,479 for the three months ended October 31, 2025[108]. - North American motorized vehicle sales surged by 30.9% to $661,096, compared to $505,208 in the same period last year[108]. - European Recreational Vehicle net sales rose by 8.4% to $655,479, with a 1.0% increase in unit shipments[135]. Profitability and Margins - Gross profit margin for North American motorized vehicles improved significantly to 10.8% from 8.5%, reflecting a $28,895 increase in gross profit[108]. - Consolidated gross profit for the three months ended October 31, 2025 increased by $39,532, or 14.0%, with a gross profit margin of 13.4%[112]. - North American Motorized gross profit increased by $28,895, reflecting improved sales and reduced cost percentages[131]. Costs and Expenses - Selling, general and administrative expenses for the three months ended October 31, 2025 increased by $13,833, or 5.8%, primarily due to increased sales-related travel and advertising costs[113]. - The company is closely monitoring the impact of U.S. tariffs on imports, which may affect material costs and profit margins if not offset by pricing strategies[89]. - Labor costs and availability remain a concern, with potential future impacts on production efficiency and profit margins due to high labor costs and regulatory constraints[107]. Inventory and Backlog - European independent dealer inventory decreased by 9.8% to approximately 22,900 units as of October 31, 2025, compared to 25,400 units a year earlier[95]. - The European recreational vehicle backlog decreased by $113,173, or 5.5%, to $1,930,463 as of October 31, 2025, primarily due to improved chassis supply availability[96]. - The order backlog for North American Towable decreased by $277,049, or 29.7%, while North American Motorized backlog increased by $313,382, or 32.5%[110]. Cash Flow and Capital Expenditures - Cash and cash equivalents decreased to $509,878 as of October 31, 2025, down from $586,596 on July 31, 2025[145]. - Net working capital increased to $1,214,646 compared to $1,193,279 at July 31, 2025[146]. - The company plans to use cash generated from operations to reduce indebtedness, maintain and grow dividend payments, and fund growth through acquisitions[148]. - Committed capital expenditures for the remainder of fiscal 2026 are estimated at approximately $195 million, with two-thirds allocated to North America and one-third to Europe[149]. Dividends and Shareholder Returns - The company increased its quarterly dividend from $0.50 to $0.52 per share in October 2025, following a previous increase from $0.48 to $0.50 in October 2024[157]. - The company intends to continue regular quarterly cash dividend payments, with future dividends subject to Board determination based on earnings and cash flows[150]. Economic Outlook - Consumer confidence and discretionary spending are expected to influence near-term demand for RVs, with long-term growth anticipated as economic conditions improve[84]. - The company believes that the availability of camping and RV parking facilities will be crucial for future industry growth, supported by investments from campground owners and government[88]. - Future European RV retail sales outlook remains optimistic due to favorable demographic trends and increasing consumer interest in RV lifestyles[102]. Financial Risks - The company holds $376,064 of debt denominated in Euros, with a hypothetical 10% change in the Euro/U.S. dollar exchange rate potentially affecting the debt balance by approximately $37,606[163]. - A one-percentage-point increase in interest rates could result in an estimated $4,070 reduction in income before income taxes over a one-year period[164].