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, Inc. (NYSE: THO), headquartered in Elkhart, Indiana, is the world's largest manufacturer of recreational vehicles (RVs). Established in 1980, Thor owns a comprehensive portfolio of well-known RV brands, including Airstream, Heartland, Jayco, and more. The company offers a wide range of products, such as Class A, Class B, and Class C motorhomes, travel trailers, and fifth-wheel towables.
Over the years, Thor Industries has been recognized with numerous accolades for its growth and management excellence. For instance, Forbes included Thor in its Platinum 400 list in January 2000, and the company was added to Standard & Poor's Mid-Cap 400 in April 2004. Thor has also been acknowledged as one of the 'Best Managed Companies in America' by Forbes and one of 'America's Most Admired Companies' by Fortune in 2005. Industry Week named Thor as one of the fifty best U.S. manufacturers.
In recent years, Thor Industries has expanded its geographic footprint through strategic acquisitions. The acquisition of Erwin Hymer Group in 2019 allowed the company to produce motorized and towable RVs for the European market, including motorcaravans, campervans, and urban vehicles. Further extending its product offerings, Thor acquired Airxcel in 2021, entering the aftermarket component parts market, although this segment currently accounts for less than 10% of total sales.
In fiscal 2023, Thor Industries wholesaled 187,015 units and generated over $11.1 billion in revenue, demonstrating its strong market presence and financial stability. The company continues to innovate and adapt to emerging trends, such as the development of electric recreational vehicles (eRVs) and the creation of state-of-the-art EV charging stations to support this new market.
Thor's latest news highlights include the unveiling of 3-D renderings of an EV charging station concept designed to cater to the needs of electric RVs. Additionally, Airstream, a Thor subsidiary known for its iconic 'silver bullet' travel trailers, was recently featured in the documentary ALUMINATION, which celebrates the history and adventurous spirit of the brand.
Thor Industries remains committed to delivering high-quality, innovative products that inspire exploration and adventure, maintaining its leadership position in the global RV industry.
THOR Industries, Inc. (NYSE: THO) announced a quarterly cash dividend of $0.45 per share, approved by its Board of Directors on December 15, 2022. The dividend is set to be paid on January 13, 2023, to shareholders recorded as of the close of business on December 30, 2022. This commitment underscores THOR's focus on returning value to shareholders. THOR is recognized as the largest manufacturer of recreational vehicles globally.
THOR Industries reported first-quarter fiscal 2023 net sales of $3.11 billion, down 21.5% from the previous year but up 22.5% compared to fiscal 2021. The consolidated gross profit margin decreased to 15.7%, while diluted earnings per share fell to $2.53 from $4.34 year-over-year. Despite a challenging environment, THOR anticipates full-year net sales between $11.5 billion and $12.5 billion and earnings per share ranging from $7.40 to $8.70. The company continues to invest in strategic growth initiatives and executed a $25.4 million share repurchase.
THOR Industries, Inc (NYSE: THO) is leveraging its social media presence to promote charitable contributions during GivingTuesday, a global movement encouraging donations to nonprofit organizations. Their partnership with the National Forest Foundation aims to preserve national forests and grasslands, addressing challenges like wildfires and sites maintenance. THOR's CEO, Bob Martin, emphasized the healing power of nature and called for support from outdoor enthusiasts. Donations can be made through their website, reflecting THOR's commitment to conservation and community support.
THOR Industries, Inc. (NYSE: THO) announced that its fiscal 2023 first quarter earnings will be released on December 7, 2022, before market opening. The company will provide a comprehensive earnings release, a Q&A document, and a presentation on its website following the announcement. As the world's largest RV manufacturer, THOR highlights its leadership in the recreational vehicle market. Investors are encouraged to review the upcoming earnings materials for insights into the company's financial performance.
THOR Industries (NYSE: THO) has announced a strategic partnership with Harbinger Motors to enhance electrification in the RV sector. This collaboration focuses on developing a comprehensive electrified RV ecosystem aimed at improving consumer experiences. Harbinger Motors is recognized for its proprietary technology tailored for medium-duty EVs, which is crucial for THOR's electrification strategy. Both companies are committed to integrating design, safety, comfort, and technology to meet the evolving needs of RV consumers.
THOR Industries announced a 5% increase in its quarterly dividend, raising it from $0.43 to $0.45 per share. The new dividend is set to be paid on November 9, 2022, to shareholders recorded by the close of business on October 26, 2022. This decision reflects the company's commitment to returning value to shareholders as it continues to navigate the recreational vehicle market.
THOR Industries reported record financials for fiscal year 2022, with net sales reaching $16.31 billion, a 32.4% increase year-over-year, and earnings per share (EPS) of $20.59, up 73.8%. The fourth quarter saw sales of $3.82 billion, a 6.4% rise, with a gross profit margin of 17.5%. The company announced an additional $450 million share repurchase, totaling $700 million for the year. Despite a dip in towable orders and ongoing supply constraints, THOR remains optimistic about future performance, citing strong demand and a robust business model.
THOR Industries, Inc. (NYSE: THO) has announced that its fiscal fourth quarter earnings will be released on September 28, 2022, before the market opens. The earnings release will include a comprehensive Q&A document and a slide presentation, accessible on the Company's website. As the world’s largest manufacturer of recreational vehicles, THOR aims to keep its investors informed about financial performance and market conditions.
Airstream has unveiled the Rangeline Touring Coach, its first motorized RV built on the RAM ProMaster 3500 chassis. This 21-foot camper van features a 276 horsepower engine and offers extensive living space for families and pets. Designed for functionality, it includes a lithium battery bank, all-electric appliances, and a hydronic heating system. The MSRP is $131,882, with orders now being accepted at authorized dealerships. Airstream, a subsidiary of THOR Industries (THO), aims to meet the growing demand in the RV market.
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