Thor Industries Announces Date for its Fiscal 2020 Fourth Quarter Earnings Release

Rhea-AI Summary

Thor Industries, Inc. (NYSE: THO) has announced that it will release its fiscal fourth quarter earnings on September 28, 2020, before market opening. This release will be accompanied by a Q&A document and a slide presentation available on the company’s website. As the world’s largest manufacturer of recreational vehicles, Thor continues to navigate challenges posed by the ongoing coronavirus pandemic, which may impact customer demand and supply chains. Investors are encouraged to monitor the earnings release for insights into financial performance and guidance.

Positive

• None.

Negative

• Potential negative impacts from the ongoing coronavirus pandemic on retail demand and supply chains.
• Risks associated with fluctuating raw material prices and supply restrictions.
• Possible negative effects on operations from changes in consumer preferences and discretionary spending.

ELKHART, Ind., Sept. 10, 2020 /PRNewswire/ -- Thor Industries, Inc. (NYSE: THO) today announced that the date for its fiscal fourth quarter earnings release will be Monday, September 28, 2020, before the market opens.

Upon the release of Thor's earnings, the Company will concurrently provide a comprehensive question and answer document, and a slide presentation, on the Company's website. To view prior quarter earnings documents, go to http://ir.thorindustries.com/.

About Thor Industries, Inc.
Thor is the sole owner of operating subsidiaries that, combined, represent the world's largest manufacturer of recreational vehicles. For more information on the Company and its products, please go to www.thorindustries.com.

Forward Looking Statements
This release includes certain statements that are "forward-looking" statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made based on management's current expectations and beliefs regarding future and anticipated developments and their effects upon Thor, and inherently involve uncertainties and risks. These forward-looking statements are not a guarantee of future performance. We cannot assure you that actual results will not differ materially from our expectations. Factors which could cause materially different results include, among others: the extent and impact from the continuation of the coronavirus pandemic, along with the responses to contain the spread of the virus by various governmental entities or other actors, which may have negative effects on retail customer demand, our independent dealers, our supply chain, or our production and which may have a negative impact on our consolidated results of operations, financial position, cash flows and liquidity; the ability to ramp production up or down quickly in response to rapid changes in demand while also managing costs and market share; the effect of raw material and commodity price fluctuations, and /or raw material, commodity or chassis supply restrictions; the impact of tariffs on material or other input costs; the level and magnitude of warranty claims incurred; legislative, regulatory and tax law and/or policy developments including their potential impact on our dealers and their retail customers or on our suppliers; the costs of compliance with governmental regulation; legal and compliance issues including those that may arise in conjunction with recently completed transactions; lower consumer confidence and the level of discretionary consumer spending; interest rate fluctuations and their potential impact on the general economy and specifically on our dealers and consumers; the impact of exchange rate fluctuations; restrictive lending practices which could negatively impact our independent dealers and/or retail consumers; management changes; the success of new and existing products, services and production facilities; the ability to efficiently utilize existing production facilities; changes in consumer preferences; the risks associated with acquisitions, including:  the pace and successful closing of an acquisition, the integration and financial impact thereof, the level of achievement of anticipated operating synergies from acquisitions, the potential for unknown or understated liabilities related to acquisitions, the potential loss of existing customers of acquisitions, and our ability to retain key management personnel of acquired companies; a shortage of necessary personnel for production and increasing labor costs to attract production personnel in times of high demand; the loss or reduction of sales to key dealers; disruption of the delivery of units to dealers; increasing costs for freight and transportation; asset impairment charges; cost structure changes; competition; the impact of potential losses under repurchase or financed receivable agreements; the potential impact of the strength of the U.S. dollar on international demand for products priced in U.S. dollars; general economic, market and political conditions in the various countries in which our products are produced and/or sold; the impact of changing emissions and other regulatory standards in the various jurisdictions in which our products are produced and/or sold; changes to our investment and capital allocation strategies or other facets of our strategic plan; and changes in market liquidity conditions, credit ratings and other factors that may impact our access to future funding and the cost of debt.

These and other risks and uncertainties are discussed more fully in Item 1A of our Annual Report on Form 10-K for the year ended July 31, 2019 and Part II, Item 1A of our quarterly report on Form 10-Q for the period ended April 30, 2020.

We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release or to reflect any change in our expectations after the date hereof or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Contact
Mark Trinske
Vice President of Investor Relations
(574) 970-7912
mtrinske@thorindustries.com

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SOURCE Thor Industries, Inc.

FAQ

When will Thor Industries announce its fiscal fourth quarter earnings?

Thor Industries will announce its fiscal fourth quarter earnings on September 28, 2020, before the market opens.

What can investors expect with Thor's earnings release?

Investors can expect a comprehensive Q&A document and a slide presentation to accompany the earnings release.

How might the coronavirus pandemic impact Thor Industries' financial results?

The coronavirus pandemic may negatively affect retail customer demand, supply chain operations, and overall financial performance.

What is the significance of Thor Industries' position in the RV market?

Thor Industries is the world's largest manufacturer of recreational vehicles, making its financial health significant for investors and the RV sector.