Thor Industries Stock Price, News & Analysis

THOR Industries (NYSE: THO) reported record financial results for the fourth fiscal quarter and fiscal year ending July 31, 2021, with net sales surpassing $12 billion and net income of $659.9 million. The fourth quarter net sales reached $3.59 billion, a significant increase from $2.32 billion a year prior. Earnings per share rose to $4.12, up from $2.14. The company managed to navigate supply chain challenges effectively while maintaining a record backlog of $16.86 billion, driven by strong demand across its RV segments. THOR anticipates continuing growth into fiscal 2022 despite ongoing uncertainties.

THOR Industries, Inc. (NYSE: THO) has announced the release date for its fiscal fourth quarter earnings, set for September 28, 2021, before market opens. Alongside the earnings release, the company will provide a comprehensive question-and-answer document and a slide presentation on its website. As the world's largest manufacturer of recreational vehicles, THOR continues to offer insights into its financial performance during a challenging economic landscape.

L Catterton announced that its portfolio company Airxcel has sold its RV Group to THOR Industries (NYSE: THO) for an all-cash price of $750 million. The deal, subject to post-closing adjustments, allows Airxcel to focus on its specialty HVAC segment, which will be rebranded as AirX Climate Solutions, Inc.. Under L Catterton's guidance since 2018, Airxcel launched 55 new products and expanded through strategic acquisitions, enhancing its market presence. The transaction reflects growth and operational improvements within Airxcel, strengthening both the RV and HVAC industries.

THOR Industries has acquired Wichita-based AirX Intermediate, Inc. (Airxcel) for $750 million, effective September 1, 2021. Airxcel specializes in RV products, generating about $680 million in annual revenue, with approximately 80% from OEM sales. This acquisition aligns with THOR's long-term growth strategy, enhancing revenue streams and margins. Airxcel is expected to operate independently while benefiting from THOR's financial strength. The deal was financed through cash and an expanded $1 billion Asset-Based Credit Facility.

THOR Industries (NYSE: THO) has announced a two-year partnership with the Girl Scouts of the USA to promote inclusivity in outdoor activities. As part of this partnership, THOR will sponsor the popular event Girl Scouts Love State Parks, taking place from September 11-12, 2021, across nearly 500 state parks. This initiative includes integrating THOR's sustainability program, Pick Up America, which has seen participants pledge to remove over 240 tons of trash from public lands since its launch in 2019.

THOR Industries (NYSE: THO) has appointed Christina Hennington and Laurel Hurd to its Board of Directors, effective September 1, 2021, while announcing the retirement of Allen Kosowsky. Hennington, currently with Target, brings extensive merchandising and growth strategy experience, while Hurd, from Newell Brands, has over 30 years in consumer goods, including P&L oversight of a $3 billion portfolio. The Board's refreshment plan aims to enhance governance and strategic direction.

On June 17, 2021, THOR Industries announced a quarterly cash dividend of $0.41 per share, set to be paid on July 16, 2021. Shareholders of record by July 2, 2021 will qualify for this dividend. THOR Industries operates as the largest manufacturer of recreational vehicles globally, emphasizing its market leadership position.

Sanuk, a division of Deckers Brands (NYSE: DECK), has launched its second capsule collection in partnership with Airstream. This new footwear line features four styles, including the popular Donna and Vagabond slip-ons, as well as Glamper ST and Tow'd Up ST flip-flops, all available on Sanuk.com. The collection emphasizes comfort and premium materials, including leather and eco-friendly foam, with prices ranging from $55 to $80. This release aligns with the summer travel season, enhancing Sanuk's efforts to provide stylish, travel-ready footwear.

THOR Industries reported record financial results for Q3 FY2021, with net sales of $3.46 billion, tripling from $1.68 billion in the previous year. The net income reached $183.3 million, equivalent to $3.29 EPS, a significant rise from $24.1 million and $0.43 EPS last year. The strong performance is attributed to increased demand in both retail and wholesale markets following pandemic-related shutdowns. The order backlog exceeds $14 billion, indicating sustained demand. However, supply chain challenges continue to pose risks to production capabilities.