THOR Industries, Inc. filings document a NYSE-listed Delaware operating company with common stock trading under THO and a business centered on recreational vehicle manufacturing. Recent Form 8-K reports record quarterly and annual operating results, investor presentation materials, non-GAAP reconciliations, industry shipment and retail market-share information, earnings guidance and regular cash dividend declarations.
Proxy and shareholder-meeting filings cover board elections, auditor ratification, advisory executive compensation votes and the company's amended and restated equity and incentive plan. The filing record also identifies governance matters, executive compensation disclosures, registered securities and board actions that affect THOR's capital-return and public-company reporting framework.
THOR Industries, Inc. reported higher sales and a return to profitability for the quarter ended October 31, 2025. Net sales rose to $2,389,123 from $2,142,784, helped by stronger North American motorized and European RV demand and growth in other RV-related businesses.
Net income attributable to THOR improved to $21,669 from a loss of $(1,832) a year earlier, with diluted earnings per share moving to $0.41 from a loss of $(0.03). Gross profit increased to $320,974, though the European segment posted an operating loss before income taxes of $(26,638).
Operating cash flow was negative $44,867, driven mainly by higher inventories and lower payables, while cash and cash equivalents stood at $509,878. The company carried total long-term debt of $926,064 and continued returning capital through a quarterly dividend of $0.52 per share and open-market share repurchases of 50,235 shares for $5,047. Consolidated RV backlog was $3,862,988, with North American motorized orders increasing and North American towable and European backlogs lower year over year.
THOR Industries, Inc. reported that it released financial results for its first quarter ended October 31, 2025 and shared these details through a press release, an investor slide presentation, and a set of investor questions and answers. These materials, which are attached as exhibits, include both GAAP figures and non-GAAP financial measures, along with reconciliations and explanations of how management uses those non-GAAP metrics. The company also used these materials to provide earnings guidance for its fiscal year 2026 and to share updated industry information, including data on wholesale shipments and retail market share. All of this information is being furnished, rather than filed, under the securities laws.
THOR Industries filed its definitive proxy for the virtual 2025 Annual Meeting on December 17, 2025 at 8:00 a.m. EST. Shareholders of record on October 20, 2025 may vote.
The company describes a challenging RV downcycle in Fiscal Year 2025 but reports net income of $258.6 million, net cash from operations of $577.9 million, and consolidated net sales of $9.58 billion with a 14.0% gross margin. Diluted EPS was $4.84. Europe contributed $3.02 billion in net sales, $101.6 million in income before taxes, and a 15.2% gross margin. Capital allocation included a dividend increase to $2.00 per share annually, $237.0 million of debt reduction, and repurchase of 586,558 shares at a weighted-average price of $89.76.
The board highlights governance practices: an independent chair, 8 of 9 independent directors, majority voting for directors, proxy access, anti-hedging and a “no fault” clawback policy. Deloitte & Touche LLP is recommended for ratification as auditor; Fiscal 2025 fees totaled $6,514,050.
- Proposal 1: Elect nine directors
- Proposal 2: Ratify Deloitte & Touche LLP
- Proposal 3: Advisory vote on NEO compensation
- Proposal 4: Approve Amended and Restated Equity and Incentive Plan
There were 52,838,664 shares outstanding and entitled to vote as of the record date.
Thor Industries executive Robert W. Martin, Chief Executive and President, reported multiple common stock transactions on October 7–8, 2025. He received stock awards of 18,762 and 35,626 shares at no cost, including grants of restricted stock units and an earned performance share award settled in common stock. To fulfill related tax withholding obligations, 13,991 and 7,505 shares were withheld at $104.8300 per share. One restricted stock unit grant vests in three equal installments on October 7, 2026, October 13, 2027, and October 12, 2028, subject to forfeiture. Following these transactions, he directly holds 405,224 shares of common stock.
THOR Industries (THO) director Andrew E. Graves reported the grant of 1,482 restricted stock units on 10/07/2025 at a stated price of $0 per footnote. The award may be settled in an equal number of common shares and will fully vest on 10/07/2026, subject to forfeiture. Following this grant, Graves beneficially owns 24,614 shares, held directly.
Thor Industries SVP and COO W. Todd Woelfer reported equity award activity in common stock. On October 7–8, 2025 he acquired 24,178 shares through grants and had 9,226 shares withheld at $104.83 per share to satisfy tax obligations related to prior awards. After these transactions he holds 114,409 Thor Industries shares directly.
THOR Industries, Inc. (THO) reported insider transactions by Chief Human Resources Officer Michele McDermott. On 10/07/2025 Ms. McDermott was granted 5,460 restricted stock units (RSUs) that vest in three equal installments on 10/07/2026, 10/13/2027, and 10/12/2028, subject to forfeiture. The RSUs settle in shares at no cash exercise price. On 10/08/2025 a separate transaction shows 126 shares were disposed of via withholding to satisfy tax obligations at a reported per-share price of $104.83, leaving total beneficial ownership at 6,770 shares after the withholding.
Colleen A. Zuhl, Senior Vice President and Chief Financial Officer of Thor Industries, Inc. (THO), reported Section 16 transactions on Form 4. The filing shows a grant of 16,307 restricted stock units (RSUs) on 10/07/2025 that vest in three equal installments on 10/07/2026, 10/13/2027, and 10/12/2028, subject to forfeiture. On 10/08/2025, the filing records share-withholdings of 5,906 shares to cover tax obligations for a prior RSU vesting and an earned performance share settlement of 8,273 shares. Two open-market sales on 10/08/2025 show dispositions of 5,906 shares and 3,413 shares at $104.83 per share. Following the reported transactions, Ms. Zuhl beneficially owned 150,579 shares at one point and later 147,166 shares and 142,306 shares depending on the transaction line.
Thor Industries reports that SVP, General Counsel and Secretary Trevor Q. Gasper received multiple equity awards in common stock, including restricted stock units and earned performance shares, and had shares withheld to satisfy tax obligations at $104.83 per share. After these transactions, he directly holds 24,906 shares of common stock; some units vest in three equal installments between October 2026 and October 2028, subject to forfeiture.
Christina Hennington, a director of Thor Industries, Inc. (THO), was granted 1,482 restricted stock units on 10/07/2025. The award has a grant price of $0 and will fully vest on 10/07/2026, subject to forfeiture if vesting conditions are not met. After the grant, Ms. Hennington beneficially owns 6,566 shares of Thor Industries common stock. The filing was signed by an attorney-in-fact on 10/09/2025.