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 (THO) is the world's largest manufacturer of recreational vehicles, producing motorhomes, travel trailers, and towable RVs through subsidiaries across North America and Europe. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and market leadership in mobile living solutions.
Access timely updates spanning earnings reports, product innovations like hybrid RV platforms, and strategic initiatives including acquisitions and partnerships. Our curated collection features official press releases alongside verified third-party analysis of THO's position in the evolving recreational vehicle sector.
Key content categories include quarterly financial results, leadership changes, technological advancements in electric mobility systems, and regulatory developments affecting RV manufacturing. Bookmark this page for structured access to critical information supporting informed analysis of THO's operational and financial trajectory.
THOR Industries, Inc. (NYSE: THO) announced a quarterly cash dividend of $0.45 per share, approved by the Board of Directors on March 28, 2023. This dividend will be payable on April 26, 2023, to shareholders of record as of April 12, 2023. As the largest manufacturer of recreational vehicles, THOR continues to showcase its commitment to returning value to shareholders. The company also highlighted potential risks including inflation, supply chain constraints, and geopolitical factors impacting operations and profitability.
Airstream has unveiled a new concept travel trailer designed in collaboration with Studio F. A. Porsche, set to be showcased at SXSW in Austin, Texas. This innovative trailer integrates features aimed at a modern audience, including a pop-up roof for enhanced headroom and a lowering suspension for garage storage. The design emphasizes aerodynamics, featuring improvements validated by third-party research, as well as a new rear hatch and versatile interior space. This represents Airstream's commitment to evolving its product line while appealing to younger outdoor enthusiasts and adapting to changing market demographics.
THOR Industries reported a challenging second quarter with net sales of $2.35 billion, a 39.4% decline from fiscal 2022's record and a 14.0% decrease from fiscal 2021. The gross profit margin fell to 12.1%, down 530 basis points from last year. Earnings per share were $0.50, decreasing significantly from $4.79 in the same quarter last year. The company revised its fiscal 2023 guidance, now projecting net sales between $10.5 billion and $11.5 billion and EPS of $5.50 to $6.50. Despite the downturn, THOR maintains strong liquidity with $1.2 billion in total liquidity and positive cash flow from operations.
THOR Industries, Inc. (NYSE: THO) will release its fiscal 2023 second quarter earnings on March 7, 2023, before the market opens. Along with the earnings report, the company will provide a detailed question and answer document and a slide presentation available on its website. THOR Industries is recognized as the largest manufacturer of recreational vehicles globally. Investors can find more information on the company and its products at their official site.
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