Core Insights - Thor Industries has lowered its fiscal 2024 revenue guidance to $9.8 billion to $10.1 billion from a previous estimate of $10.0 billion to $10.5 billion, and reduced its EPS forecast to $4.50 to $4.75 from $5.00 to $5.50 [1][5] - The company anticipates North American wholesale shipments to be between 315,000 and 325,000 units, down from the prior expectation of 330,000 to 340,000 units [2] - CEO Bob Martin indicated that macroeconomic conditions are a significant challenge, emphasizing the importance of maintaining operational discipline rather than pursuing temporary market share at the expense of margins and brand value [3] Financial Performance - Thor Industries reported fiscal third-quarter EPS of $2.13, with revenue declining 4.4% to $2.80 billion, both figures exceeding consensus analyst estimates [4] - Despite the positive third-quarter results, shares of Thor Industries fell over 1% to $94.87, reflecting a year-to-date decline of approximately 20% [4][5]

Core Insights - Thor Industries reported revenue of $2.8 billion for the quarter ended April 2024, a decrease of 4.4% year-over-year, with EPS at $2.13 compared to $2.24 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $2.72 billion by 3.02%, while the EPS surpassed the consensus estimate of $1.89 by 12.70% [1] Revenue and Earnings Performance - Total unit sales for recreational vehicles reached 54,520, exceeding the average estimate of 51,791 by three analysts [3] - Net sales for recreational vehicles in Europe were $931.06 million, surpassing the average estimate of $832.54 million, reflecting a year-over-year increase of 7.4% [3] - Net sales for North American recreational vehicles totaled $1.72 billion, falling short of the $1.77 billion estimate, representing a year-over-year decline of 10.5% [3] Segment Performance - North American Towable unit sales were 34,193, exceeding the average estimate of 31,760 [3] - North American Motorized unit sales were 4,964, slightly below the average estimate of 5,121 [3] - Net sales for North American Motorized recreational vehicles were $646.95 million, below the estimated $690.56 million, marking an 18.7% decline year-over-year [3] Stock Performance - Thor Industries' shares have decreased by 5.3% over the past month, contrasting with a 3.4% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Viewpoint - Thor Industries reported quarterly earnings of $2.13 per share, exceeding the Zacks Consensus Estimate of $1.89 per share, but down from $2.24 per share a year ago, indicating a 4.9% year-over-year decline in earnings [1][2] Financial Performance - The company achieved revenues of $2.8 billion for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 3.02%, but down from $2.93 billion in the same quarter last year, reflecting a year-over-year revenue decline of 4.4% [2] - Over the last four quarters, Thor Industries has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Thor Industries shares have declined approximately 18.9% since the beginning of the year, contrasting with the S&P 500's gain of 10.9% [3] - The current Zacks Rank for Thor Industries is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.10 on revenues of $2.71 billion, and for the current fiscal year, it is $5.12 on revenues of $10.13 billion [7] - The estimate revisions trend for Thor Industries is mixed, and future changes in estimates will be closely monitored following the recent earnings report [6][7] Industry Context - The Building Products - Mobile Homes and RV Builders industry, to which Thor Industries belongs, is currently ranked in the bottom 11% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Winnebago Industries, a competitor in the same industry, is expected to report a significant year-over-year earnings decline of 39% in its upcoming results [9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended April 30, 2024. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from ____ to ____. COMMISSION FILE NUMBER 001-09235 THOR INDUSTRIES, INC. (Exact name of registrant as specified in its charter) | Delaware | 93-0768752 | | --- | --- | | (Stat ...

EXHIBIT 99.1 THOR Industries Announces Third Quarter Fiscal 2024 Results CONTINUES DISCIPLINED APPROACH IN SOFT RETAIL ENVIRONMENT, ADJUSTS GUIDANCE TO REFLECT CURRENT MARKET CONDITIONS Fiscal Third Quarter 2024 Highlights ELKHART, Ind., June 05, 2024 (GLOBE NEWSWIRE) -- THOR Industries, Inc. (NYSE: THO) today announced financial results for its third fiscal quarter ended April 30, 2024. "We are proud of our teams' performance as they have executed our variable cost model and driven operating efficiencies a ...

CONTINUES DISCIPLINED APPROACH IN SOFT RETAIL ENVIRONMENT, ADJUSTS GUIDANCE TO REFLECT CURRENT MARKET CONDITIONS Fiscal Third Quarter 2024 Highlights ELKHART, Ind., June 05, 2024 (GLOBE NEWSWIRE) -- THOR Industries, Inc. (NYSE: THO) today announced financial results for its third fiscal quarter ended April 30, 2024. "We are proud of our teams' performance as they have executed our variable cost model and driven operating efficiencies and enabled THOR to perform relatively well in a difficult market. Indicat ...

Third-Quarter Financial Results Consolidated net sales were $2.80 billion in the third quarter of fiscal 2024, compared to $2.93 billion for the third quarter of fiscal 2023. Consolidated gross profit margin for the third quarter of fiscal 2024 was 15.1%, an increase of 30 basis points when compared to the third quarter of fiscal 2023. Net income attributable to THOR Industries, Inc. and diluted earnings per share for the third quarter of fiscal 2024 were $114.5 million and $2.13, respectively, compared to ...

Core Viewpoint - Thor Industries (THO) is expected to report a year-over-year decline in earnings due to lower revenues for the quarter ended April 2024, with the consensus outlook being crucial for assessing the company's earnings picture [1] Earnings Expectations - The upcoming earnings report is anticipated to show quarterly earnings of $1.92 per share, reflecting a year-over-year decrease of 14.3% [3] - Revenues are projected to be $2.77 billion, down 5.6% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 3.86% lower in the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4] - The Most Accurate Estimate for Thor Industries is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -4.17% [10] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with significant predictive power for positive readings only [7] - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically produced a positive surprise nearly 70% of the time [8] Historical Performance - In the last reported quarter, Thor Industries was expected to post earnings of $0.69 per share but only achieved $0.40, resulting in a surprise of -42.03% [12] - Over the past four quarters, the company has beaten consensus EPS estimates three times [13] Conclusion - Thor Industries does not appear to be a compelling candidate for an earnings beat based on current estimates and rankings, suggesting that investors should consider other factors before making investment decisions [16]

ELKHART, Ind., May 23, 2024 (GLOBE NEWSWIRE) -- THOR Industries, Inc. (NYSE: THO) today announced that the date for its fiscal 2024 third quarter earnings release will be on Wednesday, June 5, 2024 before the market opens. Upon the release of THOR's fiscal 2024 third quarter earnings, the Company will concurrently publish a copy of the earnings release, a comprehensive question and answer document and a slide presentation on the Company's website. To view the quarterly earnings documents, please go to http: ...

Core Viewpoint - THOR Industries, Inc. will release its fiscal 2024 third quarter earnings on June 5, 2024, before the market opens [1]. Group 1: Earnings Release Information - The earnings release will be accompanied by a comprehensive question and answer document and a slide presentation available on the company's website [2]. - Investors can access the quarterly earnings documents at http://ir.thorindustries.com/ [2]. Group 2: Company Overview - THOR Industries, Inc. is the sole owner of operating companies that collectively represent the world's largest manufacturer of recreational vehicles [3].