Welcome to our dedicated page for Thor Industries news (Ticker: THO), a resource for investors and traders seeking the latest updates and insights on Thor Industries stock.
Thor Industries, Inc. (NYSE: THO) is a manufacturing company whose operating subsidiaries together represent the world’s largest manufacturer of recreational vehicles. The Thor Industries news feed on Stock Titan aggregates official company announcements, earnings releases and product news so readers can follow developments that affect THO stock and the broader RV sector.
Investors and industry followers can use this page to review earnings results and guidance from Thor’s North American Towable, North American Motorized and European RV segments, as reported in its quarterly and annual results. These releases discuss net sales, unit shipments, gross profit, order backlog and management’s commentary on dealer inventory levels, retail demand trends and restructuring initiatives.
The news stream also highlights capital allocation updates, such as regular quarterly cash dividends declared by Thor’s board of directors and share repurchase authorizations disclosed in company communications and Form 8-K filings. These items provide insight into how Thor balances investment in its business with returns to shareholders.
Product and innovation announcements form another important part of Thor’s news. Recent releases describe the introduction of the Embark range extended electric Class A motorhome by Entegra Coach, built on an electric chassis developed for the Thor family of companies by Harbinger Motors, as well as collaborations involving Airstream, an operating company of Thor Industries. These stories illustrate Thor’s focus on lower emission and electric vehicles and on differentiated RV designs.
By checking this page regularly, readers can follow Thor’s official communications on financial performance, strategic initiatives, product launches and board decisions that may be relevant to their view of THO as a recreational vehicle manufacturing stock.
Dragonfly Energy Corp. has secured an exclusive agreement with Keystone RV Company, integrating its Lithium-ion batteries as standard or optional equipment in all Keystone RV travel trailers and fifth wheels. This partnership enhances customer experience by offering batteries covered under factory warranty. The innovative batteries outperform traditional lead-acid options, boasting a lifespan ten times longer and charging speed five times faster. Additionally, the agreement includes a groundbreaking 10-year warranty and a return and recycling program, positioning Dragonfly Energy to revolutionize the RV energy storage market.
On January 19, 2022, THOR Industries (THO) unveiled its eMobility strategy at the Florida RV SuperShow, introducing two electric RV concepts—a motorhome and a travel trailer. The eStream travel trailer, built on a proprietary high-voltage electric chassis, enhances range for both electric and traditional tow vehicles. The THOR VISION VEHICLE (TVV) motorhome features integrated fuel cell components for a range of up to 300 miles. THOR's commitment to innovation aims to maintain its leadership in the RV industry and respond to user concerns about electric vehicle range limitations.
THOR Industries (NYSE: THO) announced a strategic partnership with TechNexus Venture Collaborative on January 18, 2022. This collaboration aims to engage with global entrepreneurs and start-ups to enhance THOR's innovation strategy, improve customer experience, and drive margin improvement. The partnership will focus on leveraging emerging technologies like autonomy, robotics, and electric vehicles. THOR's investment will facilitate faster innovation and help redefine the RV lifestyle for a new generation of consumers, aligning with changing market demands.
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THOR Industries (NYSE: THO) has signed a binding Memorandum of Understanding with ZF Friedrichshafen AG for the joint development of a proprietary high voltage electric drive system, the eTrailer System, for towable recreational vehicles. This innovative system aims to enhance the range of electric vehicles when towing trailers, potentially extending the range of conventional tow vehicles as well. The eTrailer System was successfully demonstrated in July 2021, enabling an electric Audi etron Sportback to tow a trailer 386 km on a single charge. A concept vehicle will be showcased at the Tampa RV Supershow in January 2022.
THOR Industries has authorized a $250 million share buyback program, effective until December 21, 2024. The company aims to repurchase shares through open market purchases and other methods, citing a material misalignment between its stock price and intrinsic value. CEO Bob Martin emphasized the firm’s strong earnings and cash flow, viewing the buyback as a strategic investment in its own shares. In fiscal year 2021, THOR invested $129 million in capital expenditures and returned $91 million to shareholders through dividends, reinforcing its focus on enhancing shareholder value.
THOR Industries, Inc. (NYSE: THO) has announced a quarterly cash dividend of $0.43 per share, approved by its Board of Directors on December 16, 2021. This dividend is payable on January 13, 2022, to shareholders on record as of December 30, 2021. As the world's largest manufacturer of recreational vehicles, THOR continues to demonstrate financial commitment to its shareholders while navigating ongoing market challenges.
THOR Industries (NYSE: THO) reported record first-quarter fiscal 2022 results, with consolidated net sales of $3.96 billion, up from $2.54 billion a year prior. The increase was bolstered by strong demand for RVs and acquisitions, including Airxcel. Net income reached $242.2 million, translating to diluted earnings per share of $4.34. The company's order backlog rose to over $18 billion. Despite ongoing supply chain challenges, THOR's gross profit margin improved to 16.6%. Looking ahead, the company remains optimistic about growth and strategic execution in a dynamic market.
THOR Industries, Inc. (NYSE:THO) has acquired Elkhart Composites, Inc., a manufacturer of sustainable foamed polypropylene-based composite materials known as Elkboard. This acquisition, by THOR's subsidiary Airxcel, enhances THOR's focus on sustainable solutions within the RV industry. Elkboard is lightweight, durable, and resistant to rot, positioning it as a viable alternative to lauan-based sidewalls. THOR plans to expand Elkboard's production capacity, anticipating growing demand and potential applications across various RV offerings. The acquisition aligns with THOR's strategic growth initiatives.
THOR Industries, Inc. (NYSE: THO) announced the promotion of Todd Woelfer to SVP & Chief Operating Officer as of December 1, 2021. Woelfer, who joined THOR in 2012, will oversee corporate initiatives like innovation, marketing, and sustainability. Under his leadership, consolidated net revenue grew from over $2 billion in 2012 to over $12 billion in fiscal 2021. Additionally, Trevor Gasper was promoted to Vice President, General Counsel, and Secretary, enhancing the company's legal leadership.
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