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 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.
THOR Industries reported record financial results for its third fiscal quarter ended April 30, 2022. Net sales reached $4.66 billion, marking a 34.6% increase year-over-year. Earnings per share were $6.32, up 92.1% from the previous year. The consolidated gross profit margin improved by 270 basis points to 17.3%. The RV backlog decreased by 21.7% to $13.88 billion. The company repurchased $40 million of stock and made significant debt repayments. Despite supply chain challenges, THOR maintained strong demand across its product lines.
THOR Industries, Inc. (NYSE: THO) announced its fiscal 2022 third quarter earnings release date as June 8, 2022, before market opening. The earnings report will be complemented by a comprehensive Q&A document and a slide presentation available on the company’s website. THOR is recognized as the world's largest manufacturer of recreational vehicles. Investors can access the quarterly earnings documents at the company's investor relations page.
FAQ
What is the current stock price of Thor Industries (THO)?
What is the market cap of Thor Industries (THO)?
What does Thor Industries, Inc. do?
Where is Thor Industries headquartered?
What are some of Thor Industries' well-known brands?
What recent acquisitions has Thor Industries made?
What was Thor Industries' revenue in fiscal 2023?
What recognition has Thor Industries received over the years?
What is the significance of the EV charging station concept unveiled by Thor Industries?
What documentary recently featured Thor's Airstream brand?
How does Thor Industries contribute to the aftermarket component parts market?
What types of RVs does Thor Industries manufacture?
