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.
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.
THOR Industries hosted its 2022 Investor Day on June 27, 2022, at Airstream headquarters in Jackson Center, Ohio. The event featured presentations from THOR's leadership team, focusing on strategies for long-term growth and the company's five-year performance projections. Key topics included THOR's operational updates and market outlook. The complete presentation is available on THOR’s Investor Relations website. For more details, visit THOR's IR site.
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.