Overview

* Thor Industries ( THO ) fiscal Q4 net sales of $2.52 bln beat analyst expectations

* Adjusted EBITDA for fiscal Q4 was $209.5 mln, reflecting strategic initiatives

* Net income rose 39.7% yr/yr to $125.8 mln, beating analyst estimates

Outlook

* Company expects fiscal 2026 net sales of $9.0 bln to $9.5 bln

* Thor Industries ( THO ) projects fiscal 2026 EPS between $3.75 and $4.25

* Company anticipates low- to mid-single digit retail decline in North America

Result Drivers

* MARKET SHARE GAINS - North American Towable and Motorized segments saw market share increase as strategic initiatives gained traction

* INVENTORY MANAGEMENT - Dealer inventory turns improved, positioning the channel well for the upcoming fiscal year

* COST MANAGEMENT - Gross profit margin decreased by 110 bps due to increased product costs and promotional activities, partially offset by cost savings initiatives

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Sales Beat $2.52 $2.33

bln bln (13

Analysts

)

Q4 EPS Beat $2.36 $1.24

(13

Analysts

)

Q4 Net Beat $125.76 $66 mln

Income mln (11

Analysts

)

Q4 Gross 14.7%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 11 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the recreational products peer group is "buy."

* Wall Street's median 12-month price target for Thor Industries Inc ( THO ) is $93.00, about 9.9% below its September 23 closing price of $102.25

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)