Thor Industries Stock Price, News & Analysis

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.

THOR Industries announced a 5% increase in its quarterly dividend, raising it from $0.43 to $0.45 per share. The new dividend is set to be paid on November 9, 2022, to shareholders recorded by the close of business on October 26, 2022. This decision reflects the company's commitment to returning value to shareholders as it continues to navigate the recreational vehicle market.

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.