A month has gone by since the last earnings report for Thor Industries (THO) . Shares have lost about 2.1% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Thor Industries due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Thor Q4 Earnings Beat EstimatesThor reported ...

Thor Industries ((THO) is the largest maker of recreational vehicles in the world, with $10 billion in annual sales through various subsidiaries including Airstream, Thor Motor Coach, Tiffin Motorhomes, DRV, Keystone, Heartland, KZ and Jayco. Thor was a giant winner in the pandemic environment when more people, from the retired to the merely remote, hit the road. Sales surged to over $16 billion and profit hit a trailing 12-month peak over $20 EPS. The Zacks Rank identified a downward revision trend in EPS ...

ELKHART, Ind., Oct. 08, 2024 (GLOBE NEWSWIRE) -- THOR Industries, Inc. (NYSE: THO) today 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. About THOR Industries, Inc. ...

THOR Industries (NYSE: THO ) has an impressive track record since its founding in 1980. The stock price has delivered cumulative returns of 2,900%, handily outperforming the S&P 500 over the same period. Associated with: The Merchant House Investor Self-taught Long term value investor looking to buy Great growing businesses at a reasonable price. Warning: The articles are for informational purposes only and should not be considered as investment advice. The author is not a registered financial advisor and d ...

Thor Industries, Inc. (THO) reported earnings of $1.68 per share for the fourth quarter of fiscal 2024 (ended July 31, 2024), which beat the Zacks Consensus Estimate of $1.35. The bottom line remained flat from the yearago quarter's earnings. The company registered revenues of $2.53 billion for the fiscal fourth quarter, surpassing the Zacks Consensus Estimate of $2.46 billion. The top line, however, declined 7.4% year over year. Segmental Results North American Towable RVs: Revenues from the segment came i ...

财务表现 - 第四季度每股收益1.68美元 显著超越分析师平均预测的1.28美元 [1] - 季度营收同比下降7.4%至25.3亿美元 但仍高于市场预期 [1] - 毛利率提升140个基点至15.8% 受益于库存水平削减和保修成本比例改善 [1] 运营管理 - 通过成本控制和库存管理有效应对行业零售环境持续挑战 [1][2] - 采用后进先出法库存调整策略助力盈利能力提升 [1] - 公司预计2025财年每股收益4.00-5.00美元 营收90-98亿美元 低于分析师预期的6.14美元和104.7亿美元 [2] 行业展望 - 管理层预测房车行业疲软态势将延续至2025财年 [2] - 预计2025日历年后半段和2026财年初将出现行业复苏 [1][2] - 公司对房车生活方式的全球消费者兴趣和长期产品需求保持高度乐观 [2] 市场反应 - 股价在业绩公布后单日大涨超6%至109.68美元 [2][3] - 尽管当日表现强劲 但2024年内股价累计下跌约7% [2]

THOR Industries, Inc. (THO) has solidified its leadership in recreational vehicle (RV) innovation by introducing the THOR Test Vehicle, the world's first hybrid Class A motorhome. Built on an electric vehicle (EV) platform developed in collaboration with EV manufacturer Harbinger, the vehicle features a lowemissions gasoline range extender capable of recharging the battery system, with an estimated range of 500 miles. The hybrid RVs will be available in 2025 through the THOR family of companies and are expe ...

Thor Industries (THO) reported $2.53 billion in revenue for the quarter ended July 2024, representing a yearover-year decline of 7.5%. EPS of $1.68 for the same period compares to $1.68 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.45 billion, representing a surprise of +3.23%. The company delivered an EPS surprise of +24.44%, with the consensus EPS estimate being $1.35. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Thor Industries (THO) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.68 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 24.44%. A quarter ago, it was expected that this recreational vehicle maker would post earnings of $1.89 per share when it actually produced earnings of $2.13, delivering a surprise of 12.70%. Over the last four qu ...

行业地位和经营模式 - 公司是全球最大的休闲车(RV)制造商，在北美和欧洲市场占据领先地位[182][183] - 公司采取分散的经营模式，主要通过独立经销商销售RV产品，同时也销售零部件给其他制造商[184] 北美市场情况 - 2024年上半年北美RV批发出货量同比增长8.4%，但零售销量同比下降11.2%[192][197] - 公司2024年上半年北美RV批发出货量同比增长10.6%，零售销量同比下降16.1%[200][202] - 公司预计2024年下半年及2025年北美RV市场需求将受到高通胀、高利率等因素的持续负面影响[204] - 但长期来看公司对北美RV市场的增长前景保持乐观,认为消费者对户外生活方式的偏好将推动行业需求持续增长[204] 欧洲市场情况 - 公司在欧洲市场的销售占比超过90%来自10个不同的欧洲国家[209] - 公司在欧洲的经销商库存水平基本符合历史季节性水平[209] - 公司在欧洲的订单量从2023年7月31日的3,549,660美元下降45.0%至2024年7月31日的1,950,793美元,主要由于底盘供应状况有所改善[210] - 欧洲房车市场2024年上半年的零售注册量同比增长9.4%[212] - 公司在欧洲的房车零售注册量同比增长23.0%[213] - 公司预计未来将继续面临底盘供应和其他原材料供应短缺及延迟的问题,这将对欧洲业务的生产效率和盈利能力产生负面影响[219][220] - 公司正在寻找第二供应商以缓解供应链制约,但替代底盘的工程要求限制了这些替代供应商的作用[220] - 公司目前还面临欧洲地区熟练工人短缺的问题[220] - 公司预计欧洲房车市场的长期增长前景仍然乐观[216] - 公司将通过参加各类房车展会和加强数字营销活动来拓展欧洲市场[217] 北美可拖拽房车业务 - 2024财年北美可拖拽房车销售额下降12.4%，主要由于产品组合和价格变化导致平均售价下降18.3%[236,237,238] - 2024财年北美可拖拽房车销量增加5.9%，主要由于低价旅行拖车需求增加[236,237] - 2024财年北美可拖拽房车分部毛利率下降0.4个百分点至11.5%[223] - 2024财年北美可拖拽房车分部销售费用和管理费用增加1.1%，占销售额比重上升0.9个百分点至6.2%[223] - 2024财年北美可拖拽房车分部税前利润下降39.9%，主要由于销售额下降和费用上升[224] - 2024年7月31日北美可拖拽房车订单量下降33.5%[224] 欧洲房车业务 - 2024财年欧洲房车分部销售额和毛利率均有所增长[223,224] - 2024财年欧洲房车销售、一般及管理费用增加2.6975万美元,主要是由于欧洲房车销售净额和税前利润增加导致相关佣金、奖励和其他薪酬增加6,732美元[263] - 2024财年欧洲房车税前利润增加5.1752万美元,主要是由于欧洲房车销售净额增加,以及产品销售成本占比下降[264] 财务状况 - 2024财年公司进行了信贷协议的再融资，延长了贷款期限并降低了利率[186][188] - 截至2024年7月31日,公司现金及现金等价物为5.01316亿美元,其中3.73031亿美元在美国,1.28285亿美元主要以欧元形式持有在欧洲[265] - 2024财年资本支出1.39635亿美元,主要用于生产厂房的添建和改造,以及更换生产设备[266] - 公司计划2025财年资本支出2.25亿美元,主要用于建筑项目、自动化项目以及更新设备[269] - 公司计划继续派发季度现金股利,但需满足信贷协议中的最低调整后可用现金和固定费用覆盖率要求[270] - 2024财年经营活动产生的现金流入5.45548亿美元,主要来自于净利润调整后的非现金项目[271] - 2024财年投资活动产生的现金流出1.46812亿美元,主要用于资本支出[272] - 2024财年筹资活动产生的现金流出3.37677亿美元,主要用于偿还贷款和支付股息[273] 整体经营情况 - 2024财年公司整体销售额下降9.7%，主要由于北美可拖拽和可动房车需求下降[226] - 2024财年公司整体毛利率小幅上升0.1个百分点至14.5%[227] - 2024财年公司整体税前利润下降30.1%，主要由于销售额下降和费用上升[231] 成本管理 - 原材料和人工成本上涨是影响公司盈利的主要因素,公司将通过多种措施应对成本压力[205] - 北美可拖式房车销售成本下降4.47百万美元至32.52百万美元,占销售净额的88.4%,主要是材料、人工、运费和质保成本的下降[240] - 北美可拖式房车毛利下降7.61万美元,主要是由于销售净额下降,毛利率下降是由于产品销售成本占比上升[243] 风险管理 - 公司为零售客户提供1年或2年的产品质保服务，某些结构性部件或其他项目的质保期更长[290] - 公司根据已售出产品的历史数据、经销商库存、平均维修成本等因素估算质保负债为31,162.7万美元[290] - 维修费用大幅上升或索赔频率增加