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, Inc. (NYSE: THO) is a manufacturing company whose operating subsidiaries together represent the world’s largest manufacturer of recreational vehicles. The Thor Industries news feed on Stock Titan aggregates official company announcements, earnings releases and product news so readers can follow developments that affect THO stock and the broader RV sector.
Investors and industry followers can use this page to review earnings results and guidance from Thor’s North American Towable, North American Motorized and European RV segments, as reported in its quarterly and annual results. These releases discuss net sales, unit shipments, gross profit, order backlog and management’s commentary on dealer inventory levels, retail demand trends and restructuring initiatives.
The news stream also highlights capital allocation updates, such as regular quarterly cash dividends declared by Thor’s board of directors and share repurchase authorizations disclosed in company communications and Form 8-K filings. These items provide insight into how Thor balances investment in its business with returns to shareholders.
Product and innovation announcements form another important part of Thor’s news. Recent releases describe the introduction of the Embark range extended electric Class A motorhome by Entegra Coach, built on an electric chassis developed for the Thor family of companies by Harbinger Motors, as well as collaborations involving Airstream, an operating company of Thor Industries. These stories illustrate Thor’s focus on lower emission and electric vehicles and on differentiated RV designs.
By checking this page regularly, readers can follow Thor’s official communications on financial performance, strategic initiatives, product launches and board decisions that may be relevant to their view of THO as a recreational vehicle manufacturing stock.
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.
Summary not available.
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.