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 (THO) is the world's largest manufacturer of recreational vehicles, producing motorhomes, travel trailers, and towable RVs through subsidiaries across North America and Europe. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and market leadership in mobile living solutions.
Access timely updates spanning earnings reports, product innovations like hybrid RV platforms, and strategic initiatives including acquisitions and partnerships. Our curated collection features official press releases alongside verified third-party analysis of THO's position in the evolving recreational vehicle sector.
Key content categories include quarterly financial results, leadership changes, technological advancements in electric mobility systems, and regulatory developments affecting RV manufacturing. Bookmark this page for structured access to critical information supporting informed analysis of THO's operational and financial trajectory.
Pottery Barn, part of Williams-Sonoma (NYSE: WSM), collaborates with Airstream to launch a new home decor collection inspired by adventure. This collection features over 40 items, including bedding, dinnerware, and travel-friendly accessories, priced from $12 to $899. Pottery Barn President Marta Benson emphasizes the blend of style and functionality. Key highlights include OEKO-TEX certified bedding and eco-friendly materials made from recycled plastics. This expansion reflects growing demand for adventure-themed products, coinciding with the summer travel season.
THOR Industries (NYSE: THO) released its 2020 U.S. RV Rental Study, revealing important consumer insights into RV rental experiences and purchase likelihood. The study indicates a strong correlation between renting and future purchases, with 73% of respondents likely to buy an RV, and 66% indicating they may purchase within 6-11 months. Additionally, 97% expressed satisfaction with their rental experience. The findings emphasize the importance of understanding consumer behavior in the RV industry for targeted marketing and enhancing customer loyalty.
THOR Industries (NYSE: THO) has successfully repriced its Senior Secured Term Loan B, reducing interest rates on both USD and EUR tranches. The USD Term Loan balance of $942 million now has an interest rate of LIBOR +300 bps (from LIBOR +375 bps), and the EUR tranche of €503 million is now EURIBOR +300 bps (from EURIBOR +400 bps). This repricing is expected to yield annual cash interest savings of approximately $13 million. The maturity date remains February 1, 2026, with no significant changes to covenants.
THOR Industries (NYSE: THO) has approved a quarterly cash dividend of $0.41 per share during its Board meeting on March 18, 2021. The dividend will be paid on April 16, 2021, to shareholders on record as of April 2, 2021. This decision reflects THOR’s commitment to returning value to its investors amid ongoing uncertainties in the market.
THOR Industries reported record results for Q2 of fiscal 2021, ending January 31, with net sales of $2.73 billion, up from $2.00 billion year-over-year. Gross profit margin improved to 15.2% from 12.8%. Net income soared to $132.5 million, or $2.38 per share, compared to $28.7 million, or $0.52 from the previous year. Notably, the backlog reached a record $10.81 billion. The company is expanding production capacity despite supply chain challenges, aiming to meet the strong demand for its RV products. They expect continued strength in the RV market through fiscal 2021.
THOR Industries, Inc. (NYSE: THO) has announced that its fiscal second quarter earnings release is scheduled for March 9, 2021, before the market opens. Alongside this release, the company will provide a detailed Q&A document and a slide presentation available on its website. THOR Industries is recognized as the world's largest manufacturer of recreational vehicles, and shareholders can find more information on its previous earnings by visiting their investor relations page.
THOR Industries, Inc. (NYSE: THO) has acquired Tiffin Motor Homes for $300 million. The deal, effective December 18, 2020, supports THOR's strategy to expand its luxury RV portfolio, aligning with Tiffin’s established brand known for quality. Tiffin will operate as a stand-alone company under THOR, maintaining its management team. Approximately 90% of Tiffin's $800 million sales in 2020 were motorized units. The acquisition is projected to be accretive to THOR's earnings for fiscal 2021, with strong growth opportunities in untapped markets.
THOR Industries, Inc. (NYSE: THO) announced the retirement of Jan Suwinski from its Board of Directors after 20 years of service, as part of its director refreshment strategy. His leadership significantly contributed to the company's growth from $800 million to over $8 billion in revenue. Bill Kelley has been appointed as a new director. Suwinski expressed pride in the company's strategic direction and confidence in the current management team, emphasizing THOR's commitment to operational excellence and sustainable growth in the RV industry.
