Thor Industries Stock Price, News & Analysis

THOR Industries reported record financials for fiscal year 2022, with net sales reaching $16.31 billion, a 32.4% increase year-over-year, and earnings per share (EPS) of $20.59, up 73.8%. The fourth quarter saw sales of $3.82 billion, a 6.4% rise, with a gross profit margin of 17.5%. The company announced an additional $450 million share repurchase, totaling $700 million for the year. Despite a dip in towable orders and ongoing supply constraints, THOR remains optimistic about future performance, citing strong demand and a robust business model.

THOR Industries, Inc. (NYSE: THO) has announced that its fiscal fourth quarter earnings will be released on September 28, 2022, before the market opens. The earnings release will include a comprehensive Q&A document and a slide presentation, accessible on the Company's website. As the world’s largest manufacturer of recreational vehicles, THOR aims to keep its investors informed about financial performance and market conditions.

Airstream has unveiled the Rangeline Touring Coach, its first motorized RV built on the RAM ProMaster 3500 chassis. This 21-foot camper van features a 276 horsepower engine and offers extensive living space for families and pets. Designed for functionality, it includes a lithium battery bank, all-electric appliances, and a hydronic heating system. The MSRP is $131,882, with orders now being accepted at authorized dealerships. Airstream, a subsidiary of THOR Industries (THO), aims to meet the growing demand in the RV market.

THOR Industries (NYSE: THO) announced the retirement of Jim Ziemer from its Board of Directors, effective October 1, 2022. Ziemer, who joined the board in 2010, will remain as an observer until year-end. His retirement aligns with THOR's board refreshment strategy, with no additional directors planned at this time. Ziemer has been praised for his contributions, particularly in guiding the company through significant growth. THOR is the world's largest manufacturer of recreational vehicles.

THOR Industries (NYSE: THO) reaffirms its commitment to promoting outdoor inclusivity through its partnership with Girl Scouts of the USA. Highlighting a two-year collaboration, THO sponsors the Girl Scouts Love State Parks event, taking place on September 10-11, 2022, across 500 state parks in the U.S. and Puerto Rico. The initiative emphasizes environmental stewardship, with Girl Scouts pledging to remove over 22 tons of trash from public lands. The partnership aims to empower girls through outdoor experiences, as showcased in the film "Stronger Together."

THOR Industries has announced a strategic partnership with Dragonfly Energy, including a $15 million investment aimed at enhancing energy storage technologies for RV customers. This collaboration is expected to improve the user experience for RVers and support THOR's commitment to sustainability. Dragonfly, known for its innovative lithium-ion battery solutions, has an exclusive relationship with THOR's Keystone RV. The partnership will also potentially provide financial returns and co-development opportunities in the RV industry, aligning with THOR's strategic vision.

THOR Industries (NYSE: THO) announced the retirement of Mark Trinske as Vice President of Investor Relations effective July 31, 2022. His contributions during a period of growth have been acknowledged by the company's leadership. Michael Cieslak, CFA, currently Investor Relations Manager, will assume his responsibilities. Trinske expressed gratitude for his career at THOR, praising its leadership and future vision. As the world’s largest RV manufacturer, THOR continues to advance in the market despite potential external challenges.

THOR Industries (NYSE: THO) announced that its film, "Finding Strength and Redemption: The Blackfoot River Adventure with First Descents," won gold in two categories at the inaugural Anthem Awards. The film highlights young adults affected by cancer and their healing journey through outdoor adventure supported by THOR and First Descents. The awards recognized the film in the Health – Brand Campaign Fundraising and Health — Best Brand Campaign Product/Innovation/Service categories. THOR's partnership provides RVs and funding for these transformative experiences.

THOR Industries, Inc. (NYSE: THO) announced on June 24, 2022, the reaffirmation of its share buyback program, increasing the total authorization to $600 million. The extension allows share purchases until July 31, 2025. As of the announcement date, $151,678,891.47 remains from a previous authorization. The company has aggressively bought over one million shares, believing current prices present a compelling investment opportunity. CEO Bob Martin stated this buyback strategy aims to return capital to shareholders and reflects confidence in THOR's market value.