Core Insights - Thor Industries reported a significant earnings miss for Q1 fiscal 2025, with earnings of 26 cents per share compared to the consensus estimate of 67 cents, and a decline from 99 cents per share in the same quarter of the previous year [2] - Revenues for the quarter were $2.14 billion, falling short of the expected $2.25 billion and representing a 14.3% year-over-year decline [2] Segmental Results - North American Towable RVs generated revenues of $898.8 million, down 4.9% year-over-year, but exceeded estimates of $773.6 million [3] - North American Motorized RVs saw revenues of $505.2 million, a 29% decline year-over-year, missing the estimate of $550.7 million [5] - European RVs reported revenues of $604.9 million, down 14.6% year-over-year, also missing the estimate of $785.1 million [6] Financial Performance - Gross profit for the company totaled $112.4 million, a decrease of 4.7% year-over-year, with pretax income at $46.8 million, down from $49.2 million [4] - As of October 31, 2024, Thor had cash and cash equivalents of $445.2 million and long-term debt of $1.04 billion [7] Guidance and Outlook - The company reiterated its fiscal 2025 guidance, projecting consolidated net sales between $9 billion and $9.8 billion, down from $10 billion in fiscal 2024, with expected EPS in the range of $4 to $5 [8] - Estimates for the company have trended downward, with a consensus estimate shift of -65.08% over the past month [9] - Thor Industries holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [11] VGM Scores - Thor Industries has a Growth Score of B, a Momentum Score of F, and a Value Score of A, placing it in the top 20% for the value investment strategy, resulting in an aggregate VGM Score of B [10]

Core Insights - THOR Industries, Inc. has experienced an 11.5% decline in share price year to date, underperforming the industry growth of 13.5% due to challenges in the RV market and increased investments in automation and innovation strategies impacting margins [1][2] Financial Performance - In fiscal 2024, THOR's consolidated revenues and net income decreased by 9.7% and 29% year-over-year, respectively, primarily due to difficulties in the RV market [2] - The company missed EPS estimates twice in the last four quarters, with an average negative earnings surprise of 16.52% [2] - SG&A expenses as a percentage of sales rose to 11.2% from 8.7% year-over-year, exerting pressure on profit margins [3] Market Outlook - The Recreational Vehicle Industry Association has reduced the 2024 forecast for wholesale shipments in North America due to economic pressures and affordability issues [4] - THOR anticipates the RV market to remain challenging throughout fiscal 2025, with improvements in North American retail demand expected only in the second half of fiscal 2025 [5] - The company forecasts overall revenues for fiscal 2025 to be between $9 billion and $9.8 billion, indicating a decline from $10 billion in fiscal 2024 [6] Strategic Initiatives - Strategic acquisitions, including EHG and TiffinHomes, have strengthened THOR's market position and expanded its product portfolio [7] - THOR is diversifying revenue streams through initiatives like RV Partfinder and a North American parts strategy aimed at enhancing customer experience and dealer relationships [8] - The company is focusing on electrification strategies and has partnered with Harbinger to expedite plans for electrifying its RV lineup [9] Future Projections - Despite a pessimistic outlook for fiscal 2025, the consensus estimates for fiscal 2026 indicate potential growth, with sales and earnings expected to rise by 8.01% and 40.48%, respectively [10]

Group 1 - Thor Industries reported a fiscal first-quarter loss of $1.8 million or 3 cents per share, contrasting with a profit of $53.57 million or 99 cents per share a year earlier, and below the analyst expectation of a profit of $33.58 million or 64 cents per share [1][2][3] - Revenue for Thor Industries fell 14% year-over-year to $2.14 billion, which was below the analyst consensus [2][3] - CEO Bob Martin indicated that the disappointing results were due to a "soft retail and wholesale environment" and stated that the company would avoid increasing independent dealer inventory levels until market conditions improve [1][3] Group 2 - Thor Industries reiterated its full-year revenue forecast of $9 billion to $9.8 billion and earnings per share (EPS) estimate of $4 to $5, while analysts had projected $9.7 billion in revenue and EPS of $4.70 prior to the results [3] - Shares of Thor slid around 2% intraday on the day of the announcement and have fallen more than 9% in 2024 [4]

Thor Industries (THO) reported $2.14 billion in revenue for the quarter ended October 2024, representing a year-over-year decline of 14.3%. EPS of $0.26 for the same period compares to $0.99 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.25 billion, representing a surprise of -4.64%. The company delivered an EPS surprise of -61.19%, with the consensus EPS estimate being $0.67.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Fiscal 2025 First Quarter Highlights($ in thousands, except for per share data)  Three Months Ended October 31,  2024 2023 Net Sales$2,142,784  $2,500,759  Gross Profit$281,442  $357,932  Gross Profit Margin % 13.1%  14.3% Net Income (Loss) Attributable to THOR$(1,832) $53,565  Diluted Earnings (Loss) Per Share$(0.03) $0.99  Cash Flows from Operations$30,740  $59,668           EBITDA(1)$81,733  $160,057  Adjusted EBITDA(1)$107,782  $166,918    (1) See reconciliation of non-GAAP measures to most directly com ...

Wall Street analysts expect Thor Industries (THO) to post quarterly earnings of $0.67 per share in its upcoming report, which indicates a year-over-year decline of 32.3%. Revenues are expected to be $2.25 billion, down 10.1% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earnings, it is v ...

ELKHART, Ind., Nov. 20, 2024 (GLOBE NEWSWIRE) -- THOR Industries, Inc. (NYSE: THO) today announced that the date for its fiscal 2025 first quarter earnings release will be on Wednesday, December 4, 2024, before the market opens. Upon the release of THOR's fiscal 2025 first 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 ...

ELKHART, Ind., Oct. 08, 2024 (GLOBE NEWSWIRE) -- THOR Industries, Inc. (NYSE: THO) today announced that its Board of Directors approved, at its October 8, 2024 meeting, the payment of a regular quarterly cash dividend of $0.50 per share. The new quarterly dividend amount represents a 4.2% increase from the previous quarterly dividend amount of $0.48. The regular cash dividend is payable on November 15, 2024, to shareholders of record at the close of business on November 1, 2024. About THOR Industries, Inc. ...

Key Takeaways Airstream parent Thor Industries cut costs and inventories in the fourth quarter, helping the RV maker beat profit and sales forecasts. The company's gross profit margin increased 140 basis points from 2023. Thor's COO predicted a rebound in the slumping RV industry "in the latter half of calendar 2025 and the beginning of our fiscal 2026." Airstream parent Thor Industries (THO) shares jumped Tuesday when the maker of recreational vehicles (RVs) reported better-than-expected results and gave a ...

THOR Industries, Inc. (THO) has solidified its leadership in recreational vehicle (RV) innovation by introducing the THOR Test Vehicle, the world's first hybrid Class A motorhome. Built on an electric vehicle (EV) platform developed in collaboration with EV manufacturer Harbinger, the vehicle features a lowemissions gasoline range extender capable of recharging the battery system, with an estimated range of 500 miles. The hybrid RVs will be available in 2025 through the THOR family of companies and are expe ...