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.
Thor Industries announced a quarterly cash dividend of $0.41 per share, approved by its Board of Directors on December 18, 2020. The dividend will be payable on January 18, 2021, to shareholders on record as of January 4, 2021. This decision reflects the company's commitment to returning value to shareholders amidst ongoing market conditions.
THOR Industries, Inc. (NYSE: THO) has reaffirmed its multi-year partnership with the National Forest Foundation (NFF) aimed at preserving National Forests and Grasslands. This initiative aligns with the surge in outdoor recreation during the COVID-19 pandemic. THOR plans to replant 500,000 trees over five years and provide funds for various conservation efforts including improving campsites and restoring wildlife habitats. CEO Bob Martin emphasized the critical nature of this commitment as access to nature becomes increasingly vital for public health.
THOR Industries reported strong growth in Q1 fiscal 2021, with net sales reaching $2.54 billion, up from $2.16 billion year-over-year. The company achieved a gross profit margin of 14.9%, an increase from 14.3%, and net income of $113.8 million, compared to $51.1 million a year earlier. The backlog hit a record $8.92 billion, showing strong demand across all RV segments. However, supply chain challenges persist, impacting production levels. Despite this, THOR expects continued growth in 2021, supported by a positive industry outlook.
THOR Industries (NYSE: THO) is promoting charitable giving on GivingTuesday, December 1, by leveraging social media to support its nonprofit partners. These organizations focus on preserving public lands and facilitating outdoor experiences for those facing serious health challenges. Donations can benefit the National Forest Foundation, First Descents, and Care Camps. Research shows that outdoor activities enhance healing for cancer patients. THOR's leadership emphasizes the importance of nature in wellness and encourages the public to participate in supporting these initiatives.
THOR Industries, Inc. (NYSE: THO) announced a change to its Annual Meeting of Shareholders, now being held virtually on December 18, 2020, at 8:00 a.m. (CST), due to the COVID-19 pandemic. Shareholders as of October 19, 2020, can participate online with a 16-digit control number from prior proxy materials. A notice regarding this change is filed with the Securities and Exchange Commission. For more details, visit www.virtualshareholdermeeting.com/THO2020.
THOR Industries, Inc. (NYSE: THO) announced that its fiscal first quarter earnings will be released on December 8, 2020, before market opening. Alongside the earnings report, the company will provide a comprehensive Q&A document and a slide presentation available on its website. THOR is the largest manufacturer of recreational vehicles globally, owning multiple operating subsidiaries. The company highlights the uncertainties related to the ongoing pandemic that may affect demand and production, impacting financial results.
THOR Industries has announced a partnership with the National Forest Foundation to plant 500,000 trees in U.S. national forests by 2025. This initiative seeks to promote environmental sustainability and improve public enjoyment of these lands, which have seen a significant increase in visitors during the Covid-19 pandemic. The effort aligns with THOR's broader sustainability goals, which include a 50% reduction in greenhouse gas emissions by 2030. The collaboration builds on prior support for reforestation efforts initiated by THOR in 2019.
THOR Industries (NYSE: THO) has released its FY2020 sustainability report, emphasizing responsible and sustainable business practices. The report includes ambitious targets such as a commitment to achieve net-zero greenhouse gas emissions by 2050, a 50% reduction in GHG emissions by 2030, and a waste management target to cut landfill waste by 50%. THOR also signed the CEO Action for Diversity & Inclusion Pledge and appointed a VP for Global Supply Management and Sustainability to lead these initiatives. This commitment aims to positively impact communities, customers, and the environment.
Thor Industries, Inc. (NYSE: THO) announced a 2.5% increase in its quarterly dividend, raising it from $0.40 to $0.41 per share. This decision was approved during the Board of Directors' meeting on October 9, 2020. The regular cash dividend is set to be payable on November 6, 2020 to shareholders on record by October 23, 2020.
THOR Industries (NYSE: THO) has announced the appointment of Josef Hjelmaker as the new Chief Innovation Officer. This executive role is expected to enhance the company's product portfolio and drive digital strategies across its operations. Hjelmaker, with extensive experience from Delphi Electronics & Safety and Whirlpool Corporation, will focus on consumer-centric innovations. According to THOR President & CEO Bob Martin, Hjelmaker's background aligns with the company's growth strategies aimed at leading in innovation within the RV industry.
