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.
THOR Industries has released its seventh annual sustainability report for FY2024, highlighting significant environmental achievements and innovations. The company, as the world's largest RV manufacturer, has reduced global Scope 1 and 2 emissions by 27.4% compared to FY2019 and received validation from the Science Based Targets initiative for its net-zero goals.
Key achievements include developing the world's first hybrid Class A motorhome with an estimated 500-mile range and the first fully electric fifth wheel trailer prototype. The company installed solar projects that eliminated 3,595 MTCO2e emissions and partnered with over 150 non-profit organizations. THOR has been recognized in multiple prestigious lists, including Newsweek's 'World's Most Trustworthy Companies' and 'America's Most Responsible Companies.'
THOR Industries, Inc. (NYSE: THO) has announced an increase in its regular quarterly cash dividend. The Board of Directors approved a new quarterly dividend of $0.50 per share, representing a 4.2% increase from the previous amount of $0.48 per share. This decision was made during the Board's meeting on October 8, 2024. The dividend will be payable on November 15, 2024, to shareholders of record at the close of business on November 1, 2024. This increase in dividend reflects THOR Industries' commitment to delivering value to its shareholders.
THOR Industries reported Q4 fiscal 2024 results with net sales of $2.53 billion, down 7.4% year-over-year. The company's gross profit margin improved to 15.8%, up 140 basis points from the previous year. Earnings per share remained flat at $1.68. For the full fiscal year 2024, net sales were $10.04 billion, a 9.7% decrease from 2023, while EPS declined 28.9% to $4.94.
The company faced challenges in the retail environment but maintained a disciplined approach to production and inventory management. THOR's North American Towable RV segment saw a slight increase in net sales, while the Motorized RV and European RV segments experienced declines. The company repurchased shares, paid down debt, and maintained a strong liquidity position of $1.32 billion at the end of the fiscal year.
Looking ahead, THOR expects the RV market to remain challenging throughout fiscal 2025, with a forecast of 330,000 to 345,000 wholesale shipments in North America.
THOR Industries (NYSE: THO) has unveiled the world's first hybrid Class A motorhome, the THOR Test Vehicle, built on an electric vehicle platform developed by Harbinger. This groundbreaking collaboration integrates a low-emissions gasoline range extender, delivering an estimated 500 miles of range. The hybrid platform, set for commercial availability in 2025, is expected to qualify as a Near-Zero Emission Vehicle (NZEV).
Key features include:
- 140-kWh battery pack with solar rooftop
- 800-volt electrical architecture for rapid charging
- Ability to serve as a home backup power source
- Double-wishbone front suspension and steer-by-wire system
- Advanced Driver Assistance System (ADAS)
THOR Industries (NYSE: THO) has announced that it will release its fiscal 2024 fourth quarter earnings on Tuesday, September 24, 2024, before the market opens. The company will simultaneously publish a comprehensive earnings release, a Q&A document, and a slide presentation on its investor relations website. This announcement sets the stage for investors and analysts to gain insights into THOR's financial performance for the quarter ending in August 2024. As a leading manufacturer of recreational vehicles, THOR's earnings report is likely to provide valuable information about the state of the RV industry and consumer spending trends in the outdoor and travel sectors.
THOR Industries (NYSE: THO) has announced a regular quarterly cash dividend of $0.48 per share. This decision was approved by the Board of Directors during their meeting on June 19, 2024. The dividend is scheduled to be paid on July 18, 2024, to shareholders who are recorded as of the close of business on July 3, 2024.
THOR Industries (NYSE: THO) reported its fiscal Q3 2024 results, reflecting a challenging market. Consolidated net sales were $2.80 billion, down from $2.93 billion in Q3 2023. The company achieved a gross profit margin of 15.1%, slightly higher than the previous year's 14.8%. Net income was $114.5 million, down from $120.7 million, and diluted EPS was $2.13, compared to $2.24. THOR revised its FY 2024 guidance, expecting net sales between $9.8 billion and $10.1 billion, a gross margin of 13.75% to 14%, and diluted EPS ranging from $4.50 to $4.75. The company emphasized its cautious approach due to soft retail conditions and elevated interest rates, affecting dealer inventory orders. European operations showed strong performance with a 7.4% increase in net sales. THOR generated over $250 million in cash from operations, reducing debt by $161.4 million and repurchasing 126,754 shares.
THOR Industries (NYSE: THO) has announced the release date for its fiscal 2024 third quarter earnings on Wednesday, June 5, 2024, before the market opens. Alongside the earnings report, THOR will publish a comprehensive question and answer document and a slide presentation on its website. Investors and interested parties can access these documents at http://ir.thorindustries.com/.
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