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 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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