Core Insights - THOR Industries reported a decrease in net sales and profitability for the second quarter of fiscal 2025, reflecting ongoing challenges in the RV market [5][6][8] - The company is focusing on maintaining strong dealer relationships and aligning production with current retail demand to navigate the challenging economic environment [6][18] - THOR has revised its full-year financial guidance, anticipating net sales between $9.0 billion and $9.5 billion, with adjusted earnings per share projected between $3.30 and $4.00 [8][25] Financial Performance - Consolidated net sales for the second quarter of fiscal 2025 were $2.02 billion, down 8.6% from $2.21 billion in the same quarter of fiscal 2024 [7][8] - Gross profit margin decreased to 12.1% from 12.3% year-over-year, while net income attributable to THOR was a loss of $0.6 million compared to a profit of $7.2 million in the prior year [8][14] - EBITDA for the second quarter was $76.3 million, down from $103.2 million in the same quarter of the previous year [9][34] Segment Performance - North American Towable RVs segment saw a 13.3% increase in net sales, driven by a 27.6% rise in unit shipments, while gross profit margin improved by 370 basis points [10][11] - North American Motorized RVs segment experienced a 21.8% decline in net sales, with gross profit margin dropping to 7.8% from 10.6% [15] - European RVs segment reported a 21.7% decrease in net sales, with gross profit margin falling to 13.2% from 15.3% [16] Strategic Focus - The company is prioritizing cash flow management, having generated $30.8 million from operations in the second quarter, and is focused on reducing working capital [20][21] - THOR is committed to enhancing its product offerings and aligning production with market demand to improve profitability [18][19] - Management anticipates a stronger cash generation in the second half of fiscal 2025, supporting strategic growth initiatives [22][24] Market Outlook - Despite a recent upward revision in the RVIA's forecast for wholesale unit shipments, THOR remains cautious due to declining consumer confidence and tariff impacts [23] - The company is positioning itself for future success by maintaining financial discipline and focusing on strategic growth initiatives [23]

Company Overview - THOR Industries, Inc. is the sole owner of operating companies that collectively represent the world's largest manufacturer of recreational vehicles [2] Upcoming Events - THOR management will participate in two investor conferences: Citi's Global Consumer & Retail Conference on March 10, 2025, and the 37th Annual Roth Conference on March 17, 2025 [4] Management Attendance - At the Citi conference, Todd Woelfer, Senior Vice President and COO, will be in attendance [4] - At the Roth conference, Bob Martin, President and CEO, and Todd Woelfer will represent the company [4]

Core Viewpoint - Thor Industries (THO) is expected to report a significant decline in quarterly earnings and revenues, with analysts forecasting earnings of $0.05 per share, representing an 87.5% year-over-year decrease, and revenues of $1.97 billion, a decline of 10.7% compared to the previous year [1]. Earnings Projections - Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.4%, indicating a reassessment of initial projections by covering analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts predict 'Net Sales- Recreational Vehicles- North American Towable' will reach $664.70 million, reflecting a year-over-year change of -9.1% [5]. - The combined estimate for 'Net Sales- Total Recreational Vehicles' is projected at $1.83 billion, indicating a decline of 12.3% year-over-year [5]. - 'Net Sales- Recreational Vehicles- North American Motorized' is expected to be $431.70 million, suggesting a year-over-year decrease of 24.3% [5]. - 'Net Sales- Other' is projected at $170.45 million, with a year-over-year increase of 2.4% [6]. - The consensus for 'Net Sales- Recreational Vehicles- European' stands at $730.31 million, indicating a decline of 6.7% from the previous year [6]. - 'Net Sales- Recreational Vehicles- Total North America' is expected to be $1.10 billion, reflecting a year-over-year change of -15.8% [6]. Units Sales Estimates - Analysts estimate 'Units sales - Recreational Vehicles - European' at 10,799, down from 13,080 in the previous year [7]. - The average prediction for 'Units sales - Recreational Vehicles - North American Towable' is 22,587, compared to 21,958 last year [7]. - The consensus for 'Units sales - Total' is 36,524, down from 39,476 in the same quarter last year [8]. - 'Units sales - Total Recreational Vehicles (Total North America)' is projected at 25,725, compared to 26,396 in the previous year [8]. - 'Units sales - Recreational Vehicles - North American Motorized' is expected to be 3,138, down from 4,438 last year [9]. Gross Profit Estimates - Analysts project 'Gross Profit- Recreational Vehicles- European' to be $103.66 million, compared to $119.33 million reported in the same quarter last year [9]. Stock Performance - Over the past month, shares of Thor Industries have returned -6.8%, while the Zacks S&P 500 composite has changed by -2.4% [10].

Core Viewpoint - Thor Industries (THO) is anticipated to report a year-over-year decline in earnings due to lower revenues in its upcoming earnings report for the quarter ended January 2025 [1] Earnings Expectations - The consensus estimate for quarterly earnings is $0.05 per share, reflecting a significant year-over-year decrease of 87.5% [3] - Expected revenues are projected at $1.97 billion, which is a decline of 10.7% compared to the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 1.43% higher in the last 30 days, indicating a slight bullish sentiment among analysts [4] - The Most Accurate Estimate for Thor Industries is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +213.16% [10][11] Earnings Surprise Prediction - A positive Earnings ESP is generally a strong indicator of an earnings beat, especially when combined with a favorable Zacks Rank [8] - However, Thor Industries currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat despite the positive Earnings ESP [11] Historical Performance - In the last reported quarter, Thor Industries was expected to post earnings of $0.67 per share but only achieved $0.26, resulting in a surprise of -61.19% [12] - Over the past four quarters, the company has beaten consensus EPS estimates two times [13] Conclusion - While Thor Industries does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [16]

Core Viewpoint - THOR Industries, Inc. will release its fiscal 2025 second quarter earnings on March 5, 2025, before the market opens [1]. Group 1: Earnings Release Information - The earnings release will be accompanied by a comprehensive question and answer document and a slide presentation available on the company's website [2]. - Interested parties can access the quarterly earnings documents at http://ir.thorindustries.com/ [2]. Group 2: Company Overview - THOR Industries, Inc. is the sole owner of operating companies that collectively represent the world's largest manufacturer of recreational vehicles [3].

Core Insights - Thor Industries reported a significant earnings miss for Q1 fiscal 2025, with earnings of 26 cents per share compared to the consensus estimate of 67 cents, and a decline from 99 cents per share in the same quarter of the previous year [2] - Revenues for the quarter were $2.14 billion, falling short of the expected $2.25 billion and representing a 14.3% year-over-year decline [2] Segmental Results - North American Towable RVs generated revenues of $898.8 million, down 4.9% year-over-year, but exceeded estimates of $773.6 million [3] - North American Motorized RVs saw revenues of $505.2 million, a 29% decline year-over-year, missing the estimate of $550.7 million [5] - European RVs reported revenues of $604.9 million, down 14.6% year-over-year, also missing the estimate of $785.1 million [6] Financial Performance - Gross profit for the company totaled $112.4 million, a decrease of 4.7% year-over-year, with pretax income at $46.8 million, down from $49.2 million [4] - As of October 31, 2024, Thor had cash and cash equivalents of $445.2 million and long-term debt of $1.04 billion [7] Guidance and Outlook - The company reiterated its fiscal 2025 guidance, projecting consolidated net sales between $9 billion and $9.8 billion, down from $10 billion in fiscal 2024, with expected EPS in the range of $4 to $5 [8] - Estimates for the company have trended downward, with a consensus estimate shift of -65.08% over the past month [9] - Thor Industries holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [11] VGM Scores - Thor Industries has a Growth Score of B, a Momentum Score of F, and a Value Score of A, placing it in the top 20% for the value investment strategy, resulting in an aggregate VGM Score of B [10]

Core Insights - THOR Industries, Inc. has experienced an 11.5% decline in share price year to date, underperforming the industry growth of 13.5% due to challenges in the RV market and increased investments in automation and innovation strategies impacting margins [1][2] Financial Performance - In fiscal 2024, THOR's consolidated revenues and net income decreased by 9.7% and 29% year-over-year, respectively, primarily due to difficulties in the RV market [2] - The company missed EPS estimates twice in the last four quarters, with an average negative earnings surprise of 16.52% [2] - SG&A expenses as a percentage of sales rose to 11.2% from 8.7% year-over-year, exerting pressure on profit margins [3] Market Outlook - The Recreational Vehicle Industry Association has reduced the 2024 forecast for wholesale shipments in North America due to economic pressures and affordability issues [4] - THOR anticipates the RV market to remain challenging throughout fiscal 2025, with improvements in North American retail demand expected only in the second half of fiscal 2025 [5] - The company forecasts overall revenues for fiscal 2025 to be between $9 billion and $9.8 billion, indicating a decline from $10 billion in fiscal 2024 [6] Strategic Initiatives - Strategic acquisitions, including EHG and TiffinHomes, have strengthened THOR's market position and expanded its product portfolio [7] - THOR is diversifying revenue streams through initiatives like RV Partfinder and a North American parts strategy aimed at enhancing customer experience and dealer relationships [8] - The company is focusing on electrification strategies and has partnered with Harbinger to expedite plans for electrifying its RV lineup [9] Future Projections - Despite a pessimistic outlook for fiscal 2025, the consensus estimates for fiscal 2026 indicate potential growth, with sales and earnings expected to rise by 8.01% and 40.48%, respectively [10]

Group 1 - Thor Industries reported a fiscal first-quarter loss of $1.8 million or 3 cents per share, contrasting with a profit of $53.57 million or 99 cents per share a year earlier, and below the analyst expectation of a profit of $33.58 million or 64 cents per share [1][2][3] - Revenue for Thor Industries fell 14% year-over-year to $2.14 billion, which was below the analyst consensus [2][3] - CEO Bob Martin indicated that the disappointing results were due to a "soft retail and wholesale environment" and stated that the company would avoid increasing independent dealer inventory levels until market conditions improve [1][3] Group 2 - Thor Industries reiterated its full-year revenue forecast of $9 billion to $9.8 billion and earnings per share (EPS) estimate of $4 to $5, while analysts had projected $9.7 billion in revenue and EPS of $4.70 prior to the results [3] - Shares of Thor slid around 2% intraday on the day of the announcement and have fallen more than 9% in 2024 [4]

Thor Industries (THO) reported $2.14 billion in revenue for the quarter ended October 2024, representing a year-over-year decline of 14.3%. EPS of $0.26 for the same period compares to $0.99 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.25 billion, representing a surprise of -4.64%. The company delivered an EPS surprise of -61.19%, with the consensus EPS estimate being $0.67.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Thor Industries (THO) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -61.19%. A quarter ago, it was expected that this recreational vehicle maker would post earnings of $1.35 per share when it actually produced earnings of $1.68, delivering a surprise of 24.44%.Over the last four qua ...