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, 2021. ☐ 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) (Former name, former address and former fiscal ...

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, 2021. ☐ 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, 2020. ☐ 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) Large accelerated filer ☑ Accelerated filer ☐ ...

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, 2020 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 jurisdiction of i ...

PART I – FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) The financial statements show a slight asset decrease to $5.61 billion and mixed sales results impacted by COVID-19 Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | April 30, 2020 | July 31, 2019 | | :--- | :--- | :--- | | **Total Current Assets** | $2,088,778 | $2,037,357 | | **Total Assets** | $5,612,290 | $5,660,446 | | **Total Current Liabilities** | $1,266,270 | $1,448,325 | | **Total Long-Term Debt** | $1,965,981 | $1,885,253 | | **Total Liabilities** | $3,500,778 | $3,565,218 | | **Total Stockholders' Equity** | $2,111,512 | $2,095,228 | Condensed Consolidated Statements of Income Highlights (in thousands, except EPS) | Metric | Three Months Ended April 30, 2020 | Three Months Ended April 30, 2019 | Nine Months Ended April 30, 2020 | Nine Months Ended April 30, 2019 | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $1,681,735 | $2,506,583 | $5,843,653 | $5,553,135 | | **Gross Profit** | $205,633 | $292,430 | $770,850 | $641,282 | | **Net Income** | $22,784 | $31,438 | $101,655 | $39,974 | | **Diluted EPS** | $0.43 | $0.59 | $1.88 | $0.77 | Condensed Consolidated Statements of Cash Flows Highlights (in thousands) | Cash Flow Category | Nine Months Ended April 30, 2020 | Nine Months Ended April 30, 2019 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $237,269 | $175,802 | | **Net cash used in investing activities** | $(55,687) | $(1,817,072) | | **Net cash provided by financing activities** | $24,993 | $1,855,544 | | **Net increase in cash** | $203,703 | $211,664 | [Notes to the Condensed Consolidated Financial Statements](index=16&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) The notes detail accounting policies, acquisitions like Togo Group, and segment performance under COVID-19 impacts - On March 23, 2020, the Company acquired a **73.5% controlling interest in Togo Group**, a digital application platform for the RV industry, by increasing its stake from a 50/50 joint venture[31](index=31&type=chunk)[32](index=32&type=chunk) - A single dealer, FreedomRoads, LLC, represents a significant concentration of credit risk, accounting for **15% of consolidated net sales** for the nine months ended April 30, 2020[57](index=57&type=chunk) Revenue by Segment (in thousands) | Segment | Nine Months Ended April 30, 2020 | Nine Months Ended April 30, 2019 | | :--- | :--- | :--- | | North American Towables | $2,958,186 | $3,397,917 | | North American Motorized | $1,023,606 | $1,261,931 | | European | $1,745,465 | $767,509 | Income (Loss) Before Income Taxes by Segment (in thousands) | Segment | Nine Months Ended April 30, 2020 | Nine Months Ended April 30, 2019 | | :--- | :--- | :--- | | North American Towables | $207,009 | $212,325 | | North American Motorized | $47,606 | $64,102 | | European | $(18,576) | $(30,947) | [Management's Discussion and Analysis (MD&A)](index=38&type=section&id=ITEM%202.%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses COVID-19's impact on operations, a Q3 sales drop, and proactive liquidity measures [Impact of COVID-19](index=39&type=section&id=Impact%20of%20COVID-19) The pandemic prompted temporary production suspensions and cost-reduction measures across North American and European facilities - In March 2020, the company **temporarily suspended production** at all North American RV facilities and a substantial portion of its European RV production facilities due to the COVID-19 pandemic[103](index=103&type=chunk) - To mitigate the financial impact of the pandemic, the company **furloughed team members**, implemented temporary reductions in cash compensation, and significantly reduced discretionary and capital spending[104](index=104&type=chunk) [Results of Operations](index=44&type=section&id=Results%20of%20Operations) Q3 sales fell 32.9% due to shutdowns, but nine-month sales grew 5.2% driven by the EHG acquisition - For the nine months ended April 30, 2020, consolidated net sales **increased by 5.2% to $5.84 billion**, driven by an incremental $978.0 million in sales from the European segment[168](index=168&type=chunk)[172](index=172&type=chunk) Net Sales Change by Segment (Three Months Ended April 30, 2020 vs 2019) | Segment | Net Sales Change (%) | | :--- | :--- | | North American Towables | -37.5% | | North American Motorized | -42.5% | | European | -19.8% | | **Total Consolidated** | **-32.9%** | Income (Loss) Before Income Taxes Change by Segment (Three Months Ended April 30, 2020 vs 2019, in thousands) | Segment | Q3 FY20 | Q3 FY19 | Change | | :--- | :--- | :--- | :--- | | North American Towables | $49,261 | $103,715 | $(54,454) | | North American Motorized | $10,915 | $25,185 | $(14,270) | | European | $(242) | $(30,947) | $30,705 | [Financial Condition and Liquidity](index=59&type=section&id=Financial%20Condition%20and%20Liquidity) The company maintained strong liquidity with $651.5 million in cash and proactively borrowed from its ABL facility - Cash and cash equivalents **increased to $651.5 million** at April 30, 2020, from $425.6 million at July 31, 2019[197](index=197&type=chunk) - As a precautionary measure during the COVID-19 uncertainty, the company **borrowed $250 million** under its ABL Credit Agreement on March 23, 2020[200](index=200&type=chunk) - Subsequent to the quarter end, the company made principal payments of $250 million and 30 million Euro to **pay off the majority of the ABL facility balance**[203](index=203&type=chunk) PART II – OTHER INFORMATION [Risk Factors](index=62&type=section&id=ITEM%201A.%20RISK%20FACTORS) The COVID-19 pandemic is identified as a new material risk factor affecting operations, supply chains, and financials - The COVID-19 pandemic and related government mandates are identified as a **new material risk**, having caused significant negative impacts in Q3 FY2020 through production shutdowns[223](index=223&type=chunk)[224](index=224&type=chunk) - Key ongoing risks from the pandemic include potential **supply chain disruptions**, labor force impacts, and potential impairment of tangible and intangible assets, including goodwill[225](index=225&type=chunk) - The **geographic concentration** of the North American RV industry and its suppliers in northern Indiana is highlighted as a specific risk that could exacerbate supply chain issues[225](index=225&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=61&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company is exposed to market risks from foreign currency exchange rates, primarily the Euro, and interest rates - The company's main currency exposures relate to the Euro and British Pound Sterling, holding **$826.6 million of Euro-denominated debt**[215](index=215&type=chunk)[216](index=216&type=chunk) - The company is exposed to interest rate risk on its floating-rate debt; a **one-percentage-point increase** in interest rates would reduce pre-tax net earnings by an estimated **$12.7 million** over one year[218](index=218&type=chunk)

Financial Performance - Net sales increased by 55.2% to $2.0 billion in the second quarter of fiscal year 2020, which includes $74.5 million increase in North American RV sales and $637.1 million from EHG sales[11] - Gross profit increased by 81.1% to $256.4 million in the second quarter of fiscal year 2020, compared to $141.6 million in the prior-year period[11, 12] - Gross profit margin improved to 12.8% in the second quarter of fiscal year 2020, up 180 basis points from 11.0% in the prior-year period[6, 15] - Diluted EPS was $0.52 in the second quarter of fiscal year 2020[6] North American RV Market - North American independent dealer inventory of Thor products decreased by 16.5% to approximately 115,200 units as of January 31, 2020, compared to the prior year[17] - North American RV backlog increased by 19.3% compared to the prior year[8, 17] - North American Towable RV net sales increased by 11.6% to $983.9 million[7, 19, 20] - North American Motorized RV net sales decreased by 7.5% to $343.7 million[7, 26, 27] - Thor's share of the North American towable RV retail market was 45.1% for calendar year 2019[24, 46] - Thor's share of the North American motorized RV retail market was 37.1% for calendar year 2019[31, 46] European RV Market (EHG) - European RV segment net sales were $637.1 million[7, 11, 33] - EHG's backlog is $1.14 billion[35] - EHG's European RV retail market share for calendar year 2019 was approximately 25.8% for motorcaravans and campervans combined and approximately 20.5% for caravans[35]

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, 2020. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerg ...

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, 2019. ☐ 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) (State or other jurisdiction of (I.R.S. Emplo ...

Table of Contents 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, 2019 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 ...

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, 2019. ☐ 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 jurisdiction of (I.R ...