Market Performance - THOR's North American market share for travel trailers and fifth wheels was approximately 42.2%, and for motorhomes, it was approximately 49.0% as of September 30, 2023[67]. - North American RV independent dealer inventory decreased by 31.5% to approximately 83,800 units as of October 31, 2023, compared to 122,300 units a year earlier[72]. - THOR's North American RV backlog decreased by $2,398,793, or 54.1%, to $2,033,345 as of October 31, 2023, compared to $4,432,138 a year prior[73]. - North American wholesale unit shipments for THOR decreased by 47.4% to 94,603 units for the nine months ended September 30, 2023, compared to 180,020 units in the same period of 2022[78]. - North American retail unit registrations for THOR decreased by 16.8% to 131,974 units for the nine months ended September 30, 2023, compared to 158,556 units in the same period of 2022[80]. - The RVIA projects a 39.8% decrease in total annual wholesale unit shipments for 2023, estimating approximately 297,100 units[74]. - The RVIA's most likely forecast for 2024 anticipates a 24.4% increase in total annual towable and motorized unit shipments to approximately 369,700 units[75]. Economic Factors - Inflation and higher interest rates are expected to negatively impact demand for RVs in fiscal 2024, affecting both wholesale and retail levels[70]. - The overall effective income tax rate increased to 24.2% from 23.3% due to the jurisdictional mix of pre-tax income[109]. Company Strategy and Operations - The company’s growth strategy includes innovation, quality manufacturing, and strategic acquisitions to enhance profitability[68]. - The company does not directly finance independent dealers but provides repurchase agreements to their floor plan lenders[69]. - The company plans to expand its retail customer reach through data-based and digital marketing strategies targeting new consumer segments[94]. - The company continues to work closely with suppliers to minimize supply chain constraints and has identified alternative suppliers for certain components[85][100]. European Market Insights - The company's European RV backlog increased by $345,966, or 11.6%, to $3,331,171 as of October 31, 2023, compared to $2,985,205 in the previous year[89]. - Independent dealer inventory of European RV products as of October 31, 2023, was approximately 21,900 units, showing growth from previous low levels[88]. - European unit registrations for motorcaravans and campervans decreased by 6.6% to 22,415 units for the nine months ended September 30, 2023, compared to 24,005 units in 2022[93]. - The European RV market is facing supply chain challenges, including chassis supply constraints and labor shortages, which may impact production levels[98][101]. - The European RV market's long-term outlook remains positive as more consumers discover RVs for lifestyle independence and outdoor exploration[95]. Financial Performance - Consolidated net sales for the three months ended October 31, 2023 decreased by $607,325, or 19.5%, compared to the same period in 2022[105]. - Total North American recreational vehicle sales decreased by $784,712, or 32.1%, with North American Towable down 28.3% and North American Motorized down 36.7%[105]. - Consolidated gross profit for the three months ended October 31, 2023 decreased by $128,544, or 26.4%, with a gross profit margin of 14.3% compared to 15.7% in the prior year[106]. - Income before income taxes decreased by $106,689, or 59.5%, primarily driven by the decrease in consolidated net sales[108]. - The order backlog for North American Towable decreased by $772,031, or 49.2%, and for North American Motorized decreased by $1,626,762, or 56.8%[104]. - Selling, general and administrative expenses decreased by $23,728, or 9.8%, due to lower sales and related commissions[107]. - Cash and cash equivalents decreased to $425,828 as of October 31, 2023, from $441,232 on July 31, 2023[138]. - Net cash provided by operating activities was $59,668 for the three months ended October 31, 2023, down from $94,016 in the prior year[144]. Product Performance - North American Towable net sales decreased by 28.3% to $945,454 for the three months ended October 31, 2023, compared to $1,317,806 in the same period last year[113]. - Unit shipments for North American Towable decreased by 13.0% to 28,107 units, down from 32,291 units year-over-year[113]. - North American Motorized net sales decreased by 36.7% to $711,159 for the three months ended October 31, 2023, compared to $1,123,519 in the prior year[121]. - Unit shipments for North American Motorized decreased by 31.5% to 5,582 units, down from 8,150 units year-over-year[121]. - The gross profit for North American Towable decreased by $77,855, primarily due to lower net sales and increased cost of products sold percentage[117]. - The gross profit for North American Motorized decreased by $106,343, driven by the decline in net sales and increased cost of products sold percentage[125]. - Cost of products sold for North American Towable decreased by $294,497 to $827,443, representing 87.5% of net sales[115]. - Cost of products sold for North American Motorized decreased by $306,017 to $631,767, representing 88.8% of net sales[123]. - The overall net price per unit for North American Towable decreased by 15.3% due to changes in product mix and elevated sales discounts[113]. - The overall net price per unit for North American Motorized decreased by 5.2%, influenced by higher discounting levels and a shift towards more moderately-priced units[121]. - European Recreational Vehicles net sales increased by 40.4% to $708,201 for the three months ended October 31, 2023, compared to $504,302 for the same period in 2022[129]. - The increase in net sales was driven by a 19.5% rise in unit shipments and a 20.9% increase in overall net price per unit[130]. - Motorcaravan net sales rose by 44.5% to $346,511, while Campervan sales increased by 59.2% to $221,609[129]. - Cost of products sold increased to $585,373, representing 82.7% of net sales, down from 86.3% in the prior year[133]. - Gross profit increased by $53,963, attributed to higher net sales and improved gross profit percentage due to lower cost of products sold[135]. - Selling, general and administrative expenses rose by $16,793, primarily due to increased sales-related costs[136]. - Income before income taxes increased by $35,235, driven by higher net sales and reduced cost percentages[137].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K (Mark one) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2023 or ☐ 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 | | --- | --- | | (State or o ...

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, 2023. ☐ 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 ...

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 January 31, 2023. ☐ 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 | | --- | --- | | (St ...

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 October 31, 2022. ☐ 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 | | --- | --- | | (St ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2022 or ☐ 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 | | (State or other ...

THOR INDUSTRIES THIRD QUARTER OF FISCAL 2022 FINANCIAL RESULTS www.thorindustries.com FORWARD-LOOKING STATEMENTS This presentation includes certain statements that are "forward-looking" statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made based on management's current expectations and beliefs regarding futu ...

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, 2022. ☐ 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 ...

THOR INDUSTRIES SECOND QUARTER OF FISCAL 2022 FINANCIAL RESULTS www.thorindustries.com FORWARD-LOOKING STATEMENTS This presentation includes certain statements that are "forward-looking" statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made based on management's current expectations and beliefs regarding fut ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 COMMISSION FILE NUMBER 001-09235 THOR INDUSTRIES, INC. FORM 10-Q (Exact name of registrant as specified in its charter) | Delaware | | | 93-0768752 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | (State or other jurisdiction of | | | (I.R.S. Employer | | | | | | incorporation or organization) | | | Identification No.) | | | | | | 601 E. Beardsley Ave., Elkhart, IN | | | 46514-3305 | | | | | | (Address of principal executiv ...