Thor Industries (THO) reported $2.21 billion in revenue for the quarter ended January 2024, representing a year-over-year decline of 5.9%. EPS of $0.40 for the same period compares to $0.50 a year ago.The reported revenue represents a surprise of -3.94% over the Zacks Consensus Estimate of $2.3 billion. With the consensus EPS estimate being $0.69, the EPS surprise was -42.03%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Thor Industries (THO) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -42.03%. A quarter ago, it was expected that this recreational vehicle maker would post earnings of $0.87 per share when it actually produced earnings of $0.99, delivering a surprise of 13.79%.Over the last four qua ...

ANTICIPATES STRONGER PERFORMANCE IN THE SECOND HALF OF FISCAL 2024 WHILE LOWERING FISCAL 2024 GUIDANCE TO REFLECT COMPANY'S PRUDENT FOCUS ON OPERATIONAL EXECUTION AHEAD OF MARKET RECOVERY Fiscal Second Quarter 2024 Highlights Consolidated net sales for the second quarter were $2.21 billion.Consolidated gross profit margin for the second quarter was 12.3%.Net income attributable to THOR Industries, Inc. and diluted earnings per share for the second quarter of fiscal 2024 were $7.2 million and $0.13, respecti ...

North American RV Market Performance - THOR's North American RV backlog decreased by $1,092,226 (36.4%) to $1,908,889 as of January 31, 2024, compared to $3,001,115 as of January 31, 2023[83] - North American Towable unit shipments decreased by 167,563 units (38.5%) to 267,295 units in 2023 compared to 2022[84] - North American Motorized unit shipments decreased by 12,531 units (21.5%) to 45,879 units in 2023 compared to 2022[84] - RVIA forecasts 2024 North American wholesale unit shipments to increase by 11.8% to 350,100 units, with towable units projected at 301,800 and motorized units at 48,300[84] - North American retail unit registrations decreased by 69,421 units (15.5%) to 379,205 units in 2023 compared to 2022[85] European Recreational Vehicle Market Performance - European Recreational Vehicle net sales increased by $135,356 (20.9%) to $782,294 for the three months ended January 31, 2024, compared to the same period in 2023[138] - European Motorcaravan net sales increased by $157,031 (58.6%) to $424,813 for the three months ended January 31, 2024, compared to the same period in 2023[138] - European Campervan net sales increased by $17,588 (7.7%) to $244,724 for the three months ended January 31, 2024, compared to the same period in 2023[138] - European Caravan net sales decreased by $43,407 (45.9%) to $51,087 for the three months ended January 31, 2024, compared to the same period in 2023[138] - European Recreational Vehicle gross profit increased by $27,895 for the three months ended January 31, 2024, compared to the same period in 2023[143] Financial Risks and Hedging - A one-percentage-point increase in interest rates would result in an estimated $8,776 reduction in income before income taxes over a one-year period[200] - The company is exposed to market risk from changes in foreign currency exchange rates and interest rates, and uses hedging transactions to mitigate these risks[197] - The company's principal currency exposures mainly relate to the Euro and British Pound Sterling, and it uses foreign currency forward contracts to manage foreign exchange rate exposure[198] Legal and Contractual Matters - The company is involved in litigation arising from operations, including state "lemon laws," warranty claims, and vehicle accidents, with outcomes subject to significant uncertainty[207] - Amendment No. 3 to the Term Loan Credit Agreement was dated as of November 15, 2023, involving the company, certain subsidiaries, and JPMorgan Chase Bank, N.A.[212] - Amendment No. 3 to the ABL Credit Agreement was dated as of November 15, 2023, involving the company, certain domestic subsidiaries, and JPMorgan Chase Bank, N.A.[212] - Form of Employment Agreement between the company and Michele McDermott was dated January 29, 2024[212]

Consolidated gross profit margin for the second quarter of fiscal 2024 was 12.3%, an increase of 20 basis points when compared to the second quarter of fiscal 2023. EXHIBIT 99.1 THOR Industries Announces Second Quarter Fiscal 2024 Results ANTICIPATES STRONGER PERFORMANCE IN THE SECOND HALF OF FISCAL 2024 WHILE LOWERING FISCAL 2024 GUIDANCE TO REFLECT COMPANY'S PRUDENT FOCUS ON OPERATIONAL EXECUTION AHEAD OF MARKET RECOVERY Fiscal Second Quarter 2024 Highlights ELKHART, Ind., March 06, 2024 (GLOBE NEWSWIRE) ...

In its upcoming report, Thor Industries (THO) is predicted by Wall Street analysts to post quarterly earnings of $0.69 per share, reflecting an increase of 38% compared to the same period last year. Revenues are forecasted to be $2.3 billion, representing a year-over-year decrease of 2.1%.The consensus EPS estimate for the quarter has undergone an upward revision of 0.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initia ...

Thor Industries (THO) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended January 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on March 6, 2024, might help the stock move higher if these key numbers are better than ...

ELKHART, Ind., Feb. 22, 2024 (GLOBE NEWSWIRE) -- THOR Industries, Inc. (NYSE:THO) today announced that the date for its fiscal 2024 second quarter earnings release will be on Wednesday, March 6, 2024 before the market opens. Upon the release of THOR's fiscal 2024 second 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 ht ...

ELKHART, Ind., Feb. 22, 2024 (GLOBE NEWSWIRE) -- THOR Industries, Inc. (NYSE: THO) today announced that the date for its fiscal 2024 second quarter earnings release will be on Wednesday, March 6, 2024 before the market opens. Upon the release of THOR's fiscal 2024 second 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 h ...

ELKHART, Ind., Feb. 05, 2024 (GLOBE NEWSWIRE) -- THOR Industries, Inc. (NYSE:THO) announced today the appointment of Jeffrey D. Lorenger to its Board of Directors, effective February 1, 2024. Mr. Lorenger, age 58, is the President, Chief Executive Officer, and Chairman of the Board for HNI Corporation, a leading manufacturer of workplace furnishings and residential building products. Mr. Lorenger has served in his role of President and CEO since June 2018 and has been Chairman of the HNI Board of Directors ...