Thor Industries Stock Price, News & Analysis

THOR Industries, Inc. (NYSE: THO) has announced a quarterly cash dividend of $0.43 per share, approved by its Board of Directors on June 21, 2022. This dividend is set to be paid on July 19, 2022 to shareholders who are on record as of the close of business on July 5, 2022. THOR is recognized as the largest manufacturer of recreational vehicles worldwide.

Chardan NexTech Acquisition 2 Corp. (CNTQ) has filed a registration statement on Form S-4 with the SEC, detailing its proposed business combination with Dragonfly Energy Corp., scheduled for H2 2022. Dragonfly reported net sales of $18.3 million for Q1 2022, a 17% increase year-over-year. The merger aims to enhance market presence in energy storage solutions, with Dragonfly's lithium-ion batteries set to replace lead-acid alternatives across multiple sectors. The transaction awaits shareholder approval and adherence to customary closing conditions.

THOR Industries will host its Investor Day on June 27, 2022, at Airstream headquarters in Jackson Center, Ohio, starting at 9:00 a.m. ET. CEO Bob Martin and the leadership team will present THOR's strategic framework, financial targets, and capital allocation priorities, followed by a Q&A session. A live webcast and presentation materials will be available on the company's website after the event. THOR is the largest manufacturer of recreational vehicles worldwide.

THOR Industries reported record financial results for its third fiscal quarter ended April 30, 2022. Net sales reached $4.66 billion, marking a 34.6% increase year-over-year. Earnings per share were $6.32, up 92.1% from the previous year. The consolidated gross profit margin improved by 270 basis points to 17.3%. The RV backlog decreased by 21.7% to $13.88 billion. The company repurchased $40 million of stock and made significant debt repayments. Despite supply chain challenges, THOR maintained strong demand across its product lines.

THOR Industries, Inc. (NYSE: THO) announced its fiscal 2022 third quarter earnings release date as June 8, 2022, before market opening. The earnings report will be complemented by a comprehensive Q&A document and a slide presentation available on the company’s website. THOR is recognized as the world's largest manufacturer of recreational vehicles. Investors can access the quarterly earnings documents at the company's investor relations page.

THO Industries has released its 2022 U.S. Camper Perception Study, revealing that rising fuel prices have minimal impact on RV purchasing and usage intentions. The study indicates that 67% of recent RVers believe fuel costs will not deter them from buying an RV in the next five years, while 73% prefer companies with sustainable practices. THOR reaffirms its commitment to sustainability, aiming for global carbon net-neutrality by 2050. Additionally, Renee Jones has been appointed Vice President of Marketing, emphasizing the role of effective marketing strategies in the company’s growth.

THOR Industries (NYSE: THO) released its North American Motorized Electric RV Study, revealing vital consumer expectations for electric RVs. Key findings indicate that 45% of consumers expect to drive 5-6 hours on a single charge, with 97% wanting a charge interval of 3 hours or longer. The study highlights a pressing need for improved charging infrastructure, as 44% of participants expect fast-charging stations at campgrounds. THOR aims to innovate within this sector, leveraging data to exceed consumer needs while addressing infrastructure challenges.

THOR Industries (THO) has signed a Letter of Intent to sell a majority stake in its digital platform, TH2Connect, LLC, to Graham Allen Partners for $81 million. The transaction is expected to close by April 30, 2022. The move allows THOR to focus on its core RV business while providing Roadpass Digital with the expertise needed for further growth. THOR's leadership views this as a strategic step to enhance capital and operational focus. The sale reflects the significant value created in Roadpass Digital within a short time frame.