Thor Industries, Inc. - THO STOCK NEWS

THOR Industries (NYSE: THO) reaffirms its commitment to promoting outdoor inclusivity through its partnership with Girl Scouts of the USA. Highlighting a two-year collaboration, THO sponsors the Girl Scouts Love State Parks event, taking place on September 10-11, 2022, across 500 state parks in the U.S. and Puerto Rico. The initiative emphasizes environmental stewardship, with Girl Scouts pledging to remove over 22 tons of trash from public lands. The partnership aims to empower girls through outdoor experiences, as showcased in the film "Stronger Together."

THOR Industries has announced a strategic partnership with Dragonfly Energy, including a $15 million investment aimed at enhancing energy storage technologies for RV customers. This collaboration is expected to improve the user experience for RVers and support THOR's commitment to sustainability. Dragonfly, known for its innovative lithium-ion battery solutions, has an exclusive relationship with THOR's Keystone RV. The partnership will also potentially provide financial returns and co-development opportunities in the RV industry, aligning with THOR's strategic vision.

THOR Industries (NYSE: THO) announced the retirement of Mark Trinske as Vice President of Investor Relations effective July 31, 2022. His contributions during a period of growth have been acknowledged by the company's leadership. Michael Cieslak, CFA, currently Investor Relations Manager, will assume his responsibilities. Trinske expressed gratitude for his career at THOR, praising its leadership and future vision. As the world’s largest RV manufacturer, THOR continues to advance in the market despite potential external challenges.

THOR Industries (NYSE: THO) announced that its film, "Finding Strength and Redemption: The Blackfoot River Adventure with First Descents," won gold in two categories at the inaugural Anthem Awards. The film highlights young adults affected by cancer and their healing journey through outdoor adventure supported by THOR and First Descents. The awards recognized the film in the Health – Brand Campaign Fundraising and Health — Best Brand Campaign Product/Innovation/Service categories. THOR's partnership provides RVs and funding for these transformative experiences.

THOR Industries, Inc. (NYSE: THO) announced on June 24, 2022, the reaffirmation of its share buyback program, increasing the total authorization to $600 million. The extension allows share purchases until July 31, 2025. As of the announcement date, $151,678,891.47 remains from a previous authorization. The company has aggressively bought over one million shares, believing current prices present a compelling investment opportunity. CEO Bob Martin stated this buyback strategy aims to return capital to shareholders and reflects confidence in THOR's market value.

THOR Industries hosted its 2022 Investor Day on June 27, 2022, at Airstream headquarters in Jackson Center, Ohio. The event featured presentations from THOR's leadership team, focusing on strategies for long-term growth and the company's five-year performance projections. Key topics included THOR's operational updates and market outlook. The complete presentation is available on THOR’s Investor Relations website. For more details, visit THOR's IR site.

THOR Industries, Inc. (NYSE: THO) has announced a quarterly cash dividend of $0.43 per share, approved by its Board of Directors on June 21, 2022. This dividend is set to be paid on July 19, 2022 to shareholders who are on record as of the close of business on July 5, 2022. THOR is recognized as the largest manufacturer of recreational vehicles worldwide.

Chardan NexTech Acquisition 2 Corp. (CNTQ) has filed a registration statement on Form S-4 with the SEC, detailing its proposed business combination with Dragonfly Energy Corp., scheduled for H2 2022. Dragonfly reported net sales of $18.3 million for Q1 2022, a 17% increase year-over-year. The merger aims to enhance market presence in energy storage solutions, with Dragonfly's lithium-ion batteries set to replace lead-acid alternatives across multiple sectors. The transaction awaits shareholder approval and adherence to customary closing conditions.

THOR Industries will host its Investor Day on June 27, 2022, at Airstream headquarters in Jackson Center, Ohio, starting at 9:00 a.m. ET. CEO Bob Martin and the leadership team will present THOR's strategic framework, financial targets, and capital allocation priorities, followed by a Q&A session. A live webcast and presentation materials will be available on the company's website after the event. THOR is the largest manufacturer of recreational vehicles worldwide.