Thor Industries Stock Price, News & Analysis

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.

THOR Industries, Inc. (NYSE: THO) announced a quarterly cash dividend of $0.45 per share, approved by its Board of Directors on December 15, 2022. The dividend is set to be paid on January 13, 2023, to shareholders recorded as of the close of business on December 30, 2022. This commitment underscores THOR's focus on returning value to shareholders. THOR is recognized as the largest manufacturer of recreational vehicles globally.

THOR Industries reported first-quarter fiscal 2023 net sales of $3.11 billion, down 21.5% from the previous year but up 22.5% compared to fiscal 2021. The consolidated gross profit margin decreased to 15.7%, while diluted earnings per share fell to $2.53 from $4.34 year-over-year. Despite a challenging environment, THOR anticipates full-year net sales between $11.5 billion and $12.5 billion and earnings per share ranging from $7.40 to $8.70. The company continues to invest in strategic growth initiatives and executed a $25.4 million share repurchase.

THOR Industries, Inc (NYSE: THO) is leveraging its social media presence to promote charitable contributions during GivingTuesday, a global movement encouraging donations to nonprofit organizations. Their partnership with the National Forest Foundation aims to preserve national forests and grasslands, addressing challenges like wildfires and sites maintenance. THOR's CEO, Bob Martin, emphasized the healing power of nature and called for support from outdoor enthusiasts. Donations can be made through their website, reflecting THOR's commitment to conservation and community support.

THOR Industries, Inc. (NYSE: THO) announced that its fiscal 2023 first quarter earnings will be released on December 7, 2022, before market opening. The company will provide a comprehensive earnings release, a Q&A document, and a presentation on its website following the announcement. As the world's largest RV manufacturer, THOR highlights its leadership in the recreational vehicle market. Investors are encouraged to review the upcoming earnings materials for insights into the company's financial performance.

THOR Industries (NYSE: THO) has announced a strategic partnership with Harbinger Motors to enhance electrification in the RV sector. This collaboration focuses on developing a comprehensive electrified RV ecosystem aimed at improving consumer experiences. Harbinger Motors is recognized for its proprietary technology tailored for medium-duty EVs, which is crucial for THOR's electrification strategy. Both companies are committed to integrating design, safety, comfort, and technology to meet the evolving needs of RV consumers.