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. reports company developments across its recreational vehicle manufacturing business, including quarterly results, wholesale unit trends, product mix and regular dividend actions. The company owns operating subsidiaries that manufacture motorized and towable RVs, including Class A, Class B and Class C motorhomes, travel trailers and fifth-wheel towables, with North American brands and European operations expanded through Erwin Hymer.
Recurring news also covers THOR's operating model, leadership appointments, investor relations changes, data and digital platform initiatives, supply-chain capabilities and aftermarket component activity through Airxcel. Updates may address brand-level developments involving businesses such as Tiffin Motorhomes, Thor Motor Coach and Keystone, as well as collaboration across dealers, OEM customers and supply partners in the RV ecosystem.
THOR Industries (NYSE: THO) has released its FY2020 sustainability report, emphasizing responsible and sustainable business practices. The report includes ambitious targets such as a commitment to achieve net-zero greenhouse gas emissions by 2050, a 50% reduction in GHG emissions by 2030, and a waste management target to cut landfill waste by 50%. THOR also signed the CEO Action for Diversity & Inclusion Pledge and appointed a VP for Global Supply Management and Sustainability to lead these initiatives. This commitment aims to positively impact communities, customers, and the environment.
Thor Industries, Inc. (NYSE: THO) announced a 2.5% increase in its quarterly dividend, raising it from $0.40 to $0.41 per share. This decision was approved during the Board of Directors' meeting on October 9, 2020. The regular cash dividend is set to be payable on November 6, 2020 to shareholders on record by October 23, 2020.
THOR Industries (NYSE: THO) has announced the appointment of Josef Hjelmaker as the new Chief Innovation Officer. This executive role is expected to enhance the company's product portfolio and drive digital strategies across its operations. Hjelmaker, with extensive experience from Delphi Electronics & Safety and Whirlpool Corporation, will focus on consumer-centric innovations. According to THOR President & CEO Bob Martin, Hjelmaker's background aligns with the company's growth strategies aimed at leading in innovation within the RV industry.
Thor Industries reported a strong fourth quarter and fiscal year 2020 results, with net sales of $2.32 billion, slightly up from $2.31 billion in 2019. The fiscal year sales reached $8.17 billion, compared to $7.86 billion in the prior year. Significant recovery followed COVID-19 shutdowns, with record year-end backlogs and low dealer inventories. Net income rose to $119.2 million ($2.14 per share), compared to $92.1 million ($1.67) in the previous year. While some North American sales declined, particularly in motorized RVs, European sales surged, driving overall growth and positive cash flow from operations of $540.9 million.
Thor Industries, Inc. (NYSE: THO) has announced that it will release its fiscal fourth quarter earnings on September 28, 2020, before market opening. This release will be accompanied by a Q&A document and a slide presentation available on the company’s website. As the world’s largest manufacturer of recreational vehicles, Thor continues to navigate challenges posed by the ongoing coronavirus pandemic, which may impact customer demand and supply chains. Investors are encouraged to monitor the earnings release for insights into financial performance and guidance.
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Thor Industries, Inc. (NYSE: THO) has appointed Chandria Harris as Chief People and Inclusion Consultant, reinforcing its commitment to an inclusive workplace. Ms. Harris will focus on inclusion strategies at the corporate level, reporting to CEO Bob Martin and SVP Ken Julian. Her extensive experience in training and development for C-suite leaders positions her well to enhance Thor's workplace culture. The appointment comes as Thor continues to emphasize diversity and inclusion within its business framework.
Sanuk, part of Deckers Brands, has launched an exclusive capsule footwear collection in collaboration with Airstream, known for its iconic travel trailers. This collection, available from July 30, 2020, combines comfort and style inspired by Airstream aesthetics, featuring designs like embroidered patches and unique prints. Retail prices range from $35 to $55. Marketing executives from both brands express excitement about their partnership, aiming to attract both Airstream enthusiasts and fans of casual footwear.
Thor Industries, Inc. (NYSE: THO) announced a quarterly cash dividend of $0.40 per share, approved by its Board of Directors on June 16, 2020. This dividend will be paid on July 14, 2020, to shareholders who are on record as of June 30, 2020. Thor Industries is recognized as the world's largest manufacturer of recreational vehicles, showcasing its strong market position amidst ongoing economic challenges.