Declared Dividend • Jun 20
Third quarter dividend of US$0.52 announced Shareholders will receive a dividend of US$0.52. Ex-date: 1st July 2026 Payment date: 15th July 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 5.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 17
Thor Industries Announces Regular Quarterly Dividend, Payable on July 15, 2026 THOR Industries, Inc. announced that its Board of Directors approved, at its June 16, 2026, meeting, the payment of a regular quarterly cash dividend of $0.52
per share. The regular cash dividend is payable on July 15, 2026, to shareholders of record at the close of business on July 1, 2026. Live News • Jun 14
Thor Industries Q3 Profit Drops as Towable RV Sales Weaken but Cash Flow Strengthens Thor Industries reported fiscal Q3 2026 earnings of $1.86 per share, slightly below the $1.88 consensus and 32% lower year over year. Revenue of $2.78 billion topped estimates but was 3.9% to 8.7% lower than a year earlier.
The North American Towable RV segment saw a sales drop of about 24.6% on weaker retail demand and cautious dealer ordering. North American Motorized and European RV divisions showed comparatively resilient demand, with European shipments above internal expectations.
Operating profit declined 45.2% to $96 million and net income fell 28.1%, even as operating cash flow improved to $234.2 million. Full-year EPS guidance was cut to a range of $3.30 to $3.80, while revenue guidance was maintained at $9 billion to $9.5 billion, and the company repurchased $50.5 million of its own stock.
The picture is one of pressure on profitability and towable volumes, partly offset by steadier motorized and European businesses and stronger cash generation.
If you are watching THOR, the key issues to track are how quickly the towable segment stabilizes, whether cost actions and supplier investments support margins, and how management continues to balance cash use between buybacks, operations and the balance sheet. Major Estimate Revision • Jun 10
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$4.06 to US$3.59 per share. Revenue forecast steady at US$9.48b. Net income forecast to shrink 13% next year vs 35% growth forecast for Auto industry in the US . Consensus price target down from US$102 to US$94.67. Share price fell 6.2% to US$74.84 over the past week. Live News • Jun 06
Thor Industries Misses Earnings Forecast Lowers Full-Year Outlook as Towable RV Sales Drop Thor Industries reported fiscal Q3 2026 diluted EPS of $1.86, slightly below the $1.88 consensus, while revenue of $2.78 billion came in ahead of expectations despite a year-over-year decline of roughly 3.9% to 8.7%.
North American Towable RV sales declined about 24.6% on weaker retail demand and cautious dealer ordering, while North American Motorized and European RV sales were more resilient, with European shipments above estimates.
Operating profit declined 45.2% to $96 million and net income fell 28.1% year over year, while operating cash flow reached $234.2 million. The company repurchased $50.5 million of stock, lowered full-year EPS guidance to a range of $3.30 to $3.80, and maintained revenue guidance of $9 billion to $9.5 billion.
The mix of softer earnings, reduced EPS guidance and pressure in North American Towables, alongside steadier motorized and European demand plus solid cash generation, highlights a company working through near-term headwinds while aiming to keep its long-term plans on track.
Key issues to watch include execution on the North American RV realignment, any further shifts in guidance and how management balances cash between buybacks, investment in supplier operations and maintaining financial flexibility. Reported Earnings • Jun 04
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: US$1.86 (down from US$2.54 in 3Q 2025). Revenue: US$2.78b (down 3.9% from 3Q 2025). Net income: US$97.2m (down 28% from 3Q 2025). Profit margin: 3.5% (down from 4.7% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jun 04
Thor Industries, Inc. Revises Earnings Guidance for the Full Year Fiscal 2026 THOR Industries, Inc. revised earnings guidance for the full year fiscal 2026. For the year, the company expects Diluted earnings per share in the range of $3.30 to $3.80 (previously $3.75 to $4.25). Full-year fiscal 2026 diluted EPS guidance has been revised in light of prolonged macroeconomic headwinds. Consolidated net sales in the range of $9.0 billion to $9.5 billion (no revision). Board Change • May 24
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Jeff Lorenger was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 21
THOR Industries, Inc. to Report Q3, 2026 Results on Jun 03, 2026 THOR Industries, Inc. announced that they will report Q3, 2026 results at 9:30 AM, US Eastern Standard Time on Jun 03, 2026 Announcement • Apr 01
THOR Industries, Inc. Announces Appointment of Andy Murray as Senior Vice President of Strategy and Business Development THOR Industries, Inc. announced the appointment of Andy Murray as Senior Vice President of Strategy and Business Development, a newly created role reflecting THOR's continued focus on strengthening its supply chain capabilities and supporting long-term value creation across the RV industry. Murray joins THOR with prior executive-level experience from LCI Industries, where he served for twenty years and most recently as Chief Sales Officer. He is widely respected across the RV and specialty manufacturing industries for his experience and leadership. In his new role, Murray will focus on enhancing operational and financial performance, identifying both organic and M&A growth opportunities, and strengthening collaboration across OEM customers, supply partners, and the broader RV ecosystem. Announcement • Mar 25
THOR Industries, Inc. Declares Regular Quarterly Cash Dividend, Payable on April 20, 2026 THOR Industries, Inc. announced that its Board of Directors approved, at its March 24, 2026, meeting, the payment of a regular quarterly cash dividend of $0.52 per share. The regular cash dividend is payable on April 20, 2026, to shareholders of record at the close of business on April 6, 2026. Announcement • Mar 03
THOR Industries, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year 2026 THOR Industries, Inc. provided consolidated earnings guidance for the fiscal year 2026. For the year, the company expects consolidated net sales to be in the range of $9.0 billion to $9.5 billion. Diluted earnings per share to be in the range of $3.75 to $4.25. Announcement • Mar 02
THOR Industries, Inc. Announces the Promotion of Ryan Biren to Chief Information Officer THOR Industries, Inc. announced the promotion of Ryan Biren to Chief Information Officer (CIO), a newly created Executive Officer position. The appointment underscores THOR's decisive commitment to advancing its enterprise data, digital, and artificial intelligence strategies. Biren joined THOR in February of 2024 as Vice President of Corporate Development. In this role, he has developed key data platforms utilized by the Company to improve its performance. Prior to joining THOR, Biren was with Camping World Holdings where he served as a Senior Vice President. As CIO and Executive Officer, Biren will lead THOR's North American IT, data, analytics, IT controls, and digital platform strategy—with a clear mandate: unlock enterprise-wide value from data, accelerate AI-driven innovation and strengthen THOR's competitive advantage in an increasingly digital marketplace. Under Biren's leadership, THOR has built and deployed a robust enterprise data platform now serving all operating companies, including THOR's European operations. The platform has enhanced enterprise visibility, improved speed to insight, and enabled advanced analytics across sales, operations, market intelligence and customer engagement. With the CIO role formalized at the Executive Officer level, THOR is accelerating into its next phase: Scaling AI-enabled analytics across brands and regions; Advancing predictive market intelligence capabilities; Expanding digital dealer and customer experiences; Strengthening enterprise cybersecurity and data governance; Reducing system friction and duplication across the organization. Announcement • Feb 18
THOR Industries, Inc. to Report Q2, 2026 Results on Mar 03, 2026 THOR Industries, Inc. announced that they will report Q2, 2026 results at 9:30 AM, US Eastern Standard Time on Mar 03, 2026 Announcement • Feb 10
THOR Industries, Inc. Announces Departure of Seth Woolf as Head of Corporate Development & Investor Relations THOR Industries, Inc. announced that Seth Woolf, Head of Corporate Development & Investor Relations, will be departing the Company to pursue a role outside of the organization. Mr. Woolf will continue supporting THOR in a consulting capacity through the end of the Company's fiscal year to ensure a smooth and seamless transition. Seth joined THOR with a deep background in the investment industry and a strong understanding of the financial markets. Over the past several months, Seth has contributed meaningfully to investor engagement efforts and has helped strengthen communication with the investment community. THOR Industries expects to provide additional updates regarding its investor relations function in due course. Recent Insider Transactions • Jan 18
Senior VP & COO recently sold US$524k worth of stock On the 15th of January, W. Woelfer sold around 5k shares on-market at roughly US$115 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. W. has been a net seller over the last 12 months, reducing personal holdings by US$703k. Declared Dividend • Dec 19
First quarter dividend of US$0.52 announced Shareholders will receive a dividend of US$0.52. Ex-date: 5th January 2026 Payment date: 19th January 2026 Dividend yield will be 1.9%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 17
THOR Industries, Inc. Announces Quarterly Cash Dividend, Payable on January 19, 2026 THOR Industries, Inc. announced that its Board of Directors approved, at its December 16, 2025, meeting, the payment of a regular quarterly cash dividend of $0.52 per share. The regular cash dividend is payable on January 19, 2026, to shareholders of record at the close of business on January 5, 2026. Board Change • Dec 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Jeff Lorenger was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 04
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$0.41 (up from US$0.035 loss in 1Q 2025). Revenue: US$2.39b (up 12% from 1Q 2025). Net income: US$21.7m (up US$23.5m from 1Q 2025). Profit margin: 0.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto industry in the US. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Nov 20
THOR Industries, Inc. to Report Q1, 2026 Results on Dec 03, 2025 THOR Industries, Inc. announced that they will report Q1, 2026 results Pre-Market on Dec 03, 2025 Announcement • Nov 04
THOR Industries, Inc., Annual General Meeting, Dec 17, 2025 THOR Industries, Inc., Annual General Meeting, Dec 17, 2025. Upcoming Dividend • Oct 18
Upcoming dividend of US$0.52 per share Eligible shareholders must have bought the stock before 23 October 2025. Payment date: 06 November 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (3.4%). Buy Or Sell Opportunity • Oct 14
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to US$105. The fair value is estimated to be US$84.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 62%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Declared Dividend • Oct 10
Fourth quarter dividend increased to US$0.52 Dividend of US$0.52 is 4.0% higher than last year. Ex-date: 23rd October 2025 Payment date: 6th November 2025 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 08
Thor Industries Announces Regular Quarterly Dividend, Payable on November 6, 2025 THOR Industries, Inc. announced that its Board of Directors approved, at its October 8, 2025, meeting, the payment of a regular quarterly cash dividend of $0.52 per share. The regular cash dividend is payable on November 6, 2025, to shareholders of record at the close of business on October 23, 2025. Reported Earnings • Sep 25
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$4.87 (down from US$4.98 in FY 2024). Revenue: US$9.58b (down 4.6% from FY 2024). Net income: US$258.6m (down 2.5% from FY 2024). Profit margin: 2.7% (up from 2.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto industry in the US. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Sep 24
THOR Industries, Inc. Provides Earnings Guidance for the Full Fiscal Year 2026 THOR Industries, Inc. provided earnings guidance for the full fiscal year 2026. For fiscal year, the company expects consolidated net sales in the range of $9.0 billion to $9.5 billion and diluted earnings per share in the range of $3.75 to $4.25. Announcement • Sep 22
THOR Industries, Inc. Introduces Range Extended Electric Class A Motorhome THOR Industries, Inc. solidified its position as the recreational vehicle (RV) industry innovation leader by introducing the world's first range extended electric Class A motorhome, the Embark, manufactured by Entegra Coach. Commercialization of Embark marks an important milestone in THOR's 5-year journey to electrification. The European design inspired Embark delivers the ultimate in travel freedom, comfort and sustainability while elevated range anxiety. The vehicle, built on an electric vehicle (EV) platform developed exclusively for the THOR family of companies by Harbinger Motors, integrates a low emission gasoline range extender that can recharge the electric battery system, delivering up to 450 miles of range. The motorhome also delivers 105 miles of range on electric battery alone - perfect for shorter trips or daily exploration. The range extended electric chassis is powered by a center-mounted 140-kWh battery pack, delivering elevated driving stability and smooth and responsive handling. The EV drivetrain delivers instant torque, reduced sway, and a quieter ride - giving more control and comfort on the road. And smart safety comes standard with advanced safety features including backup camera with dynamic trajectory, front and rear ultrasonic collision warnings and real-time tire pressure monitoring. Embark's 800-volt electrical architecture allows for rapid charging at DC Fast Charger locations, facilitating more time on the road. The batteries can also be charged at traditional campsites, at home, or utilizing the range extender, providing RVers the flexibility to charge when and where it's convenient. The electric motorhome can also serve as a mobile energy backup system to power home in the case of emergency - offboarding power to keep essential systems running. Embark is commercially available with full production commencing in 2026. Consumers interested in experiencing an electric Class A motorhome will be able to rent an Embark from THL in 2026. Entegra Coach will maximize consumer feedback from THL's rental fleet to make continuous product improvements throughout 2026. Announcement • Sep 11
THOR Industries, Inc. to Report Q4, 2025 Results on Sep 24, 2025 THOR Industries, Inc. announced that they will report Q4, 2025 results Pre-Market on Sep 24, 2025 Declared Dividend • Jun 22
Third quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 1st July 2025 Payment date: 15th July 2025 Dividend yield will be 2.3%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 75% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 04
THOR Industries, Inc. Reaffirms Earnings Guidance for the Full-Year Fiscal of 2025 THOR Industries, Inc. reaffirmed earnings guidance for the full-year fiscal of 2025. For fiscal year, the company expects consolidated net sales in the range of $9.0 billion to $9.5 billion and diluted earnings per share in the range of $3.30 to $4.00. Announcement • May 23
THOR Industries, Inc. to Report Q3, 2025 Results on Jun 04, 2025 THOR Industries, Inc. announced that they will report Q3, 2025 results Pre-Market on Jun 04, 2025 Announcement • Mar 26
THOR Industries, Inc. Approves Regular Quarterly Cash Dividend, Payable on April 22, 2025 THOR Industries, Inc. announced that its Board of Directors approved, at its March 25, 2025, meeting, the payment of a regular quarterly cash dividend of $0.50 per share. The regular cash dividend is payable on April 22, 2025, to shareholders of record at the close of business on April 8, 2025. Announcement • Mar 20
THOR Industries, Inc. Announces Strategic Realignment of Heartland Recreational Vehicle Company THOR Industries, Inc. announced a strategic organizational restructuring aimed at optimizing its enterprise structure and strengthening its brand portfolio. As part of this realignment, Heartland Recreational Vehicles will now be integrated under Jayco, Inc., enhancing operational efficiencies and streamlining business processes. As part of the restructuring, certain private label brands manufactured by Heartland will be transferred to Dutchmen Manufacturing, a division of THOR’s subsidiary Keystone RV Company. These moves are expected to provide strategic benefits, including improved synergies across brands, reduced operating costs, enhanced customer service capabilities, and a more efficient distribution strategy to a consolidated dealer base, all of which should drive improved margins for the THOR companies. The transition will take place over the coming months, with a focus on ensuring a seamless integration process for employees, dealers, and customers. Price Target Changed • Mar 06
Price target decreased by 11% to US$96.45 Down from US$109, the current price target is an average from 11 analysts. New target price is 12% above last closing price of US$86.43. Stock is down 19% over the past year. The company is forecast to post earnings per share of US$3.61 for next year compared to US$4.98 last year. Reported Earnings • Mar 06
Second quarter 2025 earnings released Second quarter 2025 results: Net income: (down US$7.22m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 05
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to US$81.40. The fair value is estimated to be US$116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 61%. Announcement • Mar 05
THOR Industries, Inc. Revises Earnings Guidance for the Fiscal Year of 2025 THOR Industries, Inc. revised earnings guidance for the fiscal year of 2025. For fiscal 2025, the Company’s updated full-year financial guidance now includes: Consolidated net sales in the range of $9.0 billion to $9.5 billion (narrowing the previous range of $9.0 billion to $9.8 billion). Diluted earnings per share in the range of $3.30 to $4.00 (previously in the range of $4.00 to $5.00). Announcement • Feb 20
THOR Industries, Inc. to Report Q2, 2025 Results on Mar 05, 2025 THOR Industries, Inc. announced that they will report Q2, 2025 results Pre-Market on Mar 05, 2025 Announcement • Feb 03
Patrick Industries, Inc. (NasdaqGS:PATK) acquired Elkhart Composites, Inc. from THOR Industries, Inc. (NYSE:THO). Patrick Industries, Inc. (NasdaqGS:PATK) acquired Elkhart Composites, Inc. from THOR Industries, Inc. (NYSE:THO) on February 3, 2025.
Patrick Industries, Inc. (NasdaqGS:PATK) completed the acquisition of Elkhart Composites, Inc. from THOR Industries, Inc. (NYSE:THO) on February 3, 2025. Declared Dividend • Dec 23
First quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 6th January 2025 Payment date: 17th January 2025 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 84% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 20
THOR Industries, Inc. Approves Regular Quarterly Cash Dividend, Payable on January 17, 2025 THOR Industries, Inc. announced that its Board of Directors approved, at its December 19, 2024, meeting, the payment of a regular quarterly cash dividend of $0.50 per share. The regular cash dividend is payable on January 17, 2025, to shareholders of record at the close of business on January 6, 2025. Reported Earnings • Dec 05
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: US$0.035 loss per share (down from US$1.01 profit in 1Q 2024). Revenue: US$2.14b (down 14% from 1Q 2024). Net loss: US$1.83m (down 103% from profit in 1Q 2024). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Auto industry in the US. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Dec 04
THOR Industries, Inc. Reiterates Earnings Guidance for the Full Year 2025 THOR Industries, Inc. reiterated earnings guidance for the full year 2025. for the year, the company expects consolidated net sales in the range of $9.0 billion to $9.8 billion and Diluted earnings per share in the range of $4.00 to $5.00. Announcement • Nov 20
THOR Industries, Inc. to Report Q1, 2025 Results on Dec 04, 2024 THOR Industries, Inc. announced that they will report Q1, 2025 results Pre-Market on Dec 04, 2024 Announcement • Nov 07
THOR Industries, Inc., Annual General Meeting, Dec 20, 2024 THOR Industries, Inc., Annual General Meeting, Dec 20, 2024. Upcoming Dividend • Oct 25
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 01 November 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (2.2%). Buy Or Sell Opportunity • Oct 21
Now 20% undervalued Over the last 90 days, the stock has risen 12% to US$110. The fair value is estimated to be US$139, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Declared Dividend • Oct 10
Fourth quarter dividend increased to US$0.50 Dividend of US$0.50 is 4.2% higher than last year. Ex-date: 1st November 2024 Payment date: 15th November 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 08
THOR Industries, Inc. Announces Regular Quarterly Dividend, Payable on November 15, 2024 THOR Industries, Inc. announced that its Board of Directors approved, at its October 8, 2024 meeting, the payment of a regular quarterly cash dividend of $0.50 per share. The new quarterly dividend amount represents a 4.2% increase from the previous quarterly dividend amount of $0.48. The regular cash dividend is payable on November 15, 2024, to shareholders of record at the close of business on November 1, 2024. Buy Or Sell Opportunity • Sep 25
Now 21% undervalued Over the last 90 days, the stock has risen 16% to US$106. The fair value is estimated to be US$135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Reported Earnings • Sep 24
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$4.98 (down from US$7.00 in FY 2023). Revenue: US$10.0b (down 9.7% from FY 2023). Net income: US$265.3m (down 29% from FY 2023). Profit margin: 2.6% (down from 3.4% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.9%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Sep 24
THOR Industries, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year 2025 THOR Industries, Inc. provided consolidated earnings guidance for the fiscal year 2025. For the fiscal year 2025, the company expected consolidated net sales in the range of $9.0 billion to $9.8 billion, Consolidated gross profit margin in the range of 14.7% to 15.2% and Diluted earnings per share in the range of $4.00 to $5.00. Announcement • Sep 11
THOR Industries, Inc. to Report Q4, 2024 Results on Sep 24, 2024 THOR Industries, Inc. announced that they will report Q4, 2024 results Pre-Market on Sep 24, 2024 Declared Dividend • Jun 21
Third quarter dividend of US$0.48 announced Shareholders will receive a dividend of US$0.48. Ex-date: 3rd July 2024 Payment date: 18th July 2024 Dividend yield will be 2.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 89% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 19
THOR Industries, Inc. Announces Regular Quarterly Dividend, Payable on July 18, 2024 THOR Industries, Inc. announced that its Board of Directors approved, at its June 19, 2024 meeting, the payment of a regular quarterly cash dividend of $0.48 per share. The regular cash dividend is payable on July 18, 2024, to shareholders of record at the close of business on July 3, 2024. Reported Earnings • Jun 06
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$2.15 (down from US$2.26 in 3Q 2023). Revenue: US$2.80b (down 4.4% from 3Q 2023). Net income: US$114.5m (down 5.1% from 3Q 2023). Profit margin: 4.1% (in line with 3Q 2023). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jun 06
Thor Industries, Inc. Revises Consolidated Earnings Guidance for the Full Fiscal Year 2024 THOR Industries, Inc. revised consolidated earnings guidance for the full fiscal year 2024. For fiscal 2024, the Company’s updated full-year guidance now includes: Consolidated net sales in the range of $9.8 billion to $10.1 billion (previously $10.0 billion to $10.5 billion) and Diluted earnings per share in the range of $4.50 to $4.75 (previously $5.00 to $5.50). Declared Dividend • Mar 29
Second quarter dividend of US$0.48 announced Shareholders will receive a dividend of US$0.48. Ex-date: 8th April 2024 Payment date: 23rd April 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 85% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 27
THOR Industries, Inc. Approves Regular Quarterly Cash Dividend, Payable on April 23, 2024 THOR Industries, Inc. announced that its Board of Directors approved, at its March 26, 2024 meeting, the payment of a regular quarterly cash dividend of $0.48 per share. The regular cash dividend is payable on April 23, 2024, to shareholders of record at the close of business on April 9, 2024. Reported Earnings • Mar 08
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$0.14 (down from US$0.51 in 2Q 2023). Revenue: US$2.21b (down 5.9% from 2Q 2023). Net income: US$7.22m (down 73% from 2Q 2023). Profit margin: 0.3% (down from 1.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year. Announcement • Mar 07
THOR Industries, Inc. Revises Earnings Guidance for the Full Year 2024 THOR Industries, Inc. revised earnings guidance for the full year 2024. The company now expects consolidated net sales in the range of $10.0 billion to $10.5 billion (previously $10.5 billion to $11.0 billion). Diluted earnings per share in the range of $5.00 to $5.50 (previously $6.25 to $7.25). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$107, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 2x in the Auto industry in the US. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$79.06 per share. Announcement • Feb 23
THOR Industries, Inc. to Report Q2, 2024 Results on Mar 06, 2024 THOR Industries, Inc. announced that they will report Q2, 2024 results Pre-Market on Mar 06, 2024 Announcement • Feb 05
Thor Industries, Inc. Appoints Jeffrey D. Lorenger to Its Board of Directors THOR Industries, Inc. announced the appointment of Jeffrey D. Lorenger to its Board of Directors, effective February 1, 2024. Mr. Lorenger, age 58, is the President, Chief Executive Officer, and Chairman of the Board for HNI Corporation, a leading manufacturer of workplace furnishings and residential building products. Mr. Lorenger has served in his role of President and CEO since June 2018 and has been Chairman of the HNI Board of Directors since February 2020. Mr. Lorenger has a wide array of experience during his 25 years at HNI including President of Office Furniture, President of Allsteel, and General Counsel of HNI prior to assuming his current role. Mr. Lorenger fills the Board seat recently vacated upon Wilson Jones’ retirement from the Board in December 2023. With his appointment, THOR’s Board of Directors has nine members. Mr. Lorenger holds three degrees from the University of Iowa, having received a BBA in Marketing, a Juris Doctorate, and an MBA.