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Thor Industries Reports Surprise Increase in Fiscal Fourth-Quarter Earnings; Issues Full-Year Outlook
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Thor Industries Reports Surprise Increase in Fiscal Fourth-Quarter Earnings; Issues Full-Year Outlook
Sep 24, 2025 6:41 AM

09:12 AM EDT, 09/24/2025 (MT Newswires) -- Thor Industries ( THO ) reported an unexpected annual increase in its fiscal fourth-quarter earnings, with revenue topping market estimates, though the recreational vehicle maker provided a "prudent" full-year outlook amid macro uncertainties.

The company on Wednesday posted earnings of $2.36 a share for the quarter ended July, up from $1.68 the year before, defying the consensus on FactSet for a decrease to $1.28. Sales edged down 0.4% to $2.52 billion, but surpassed the Street's view for $2.32 billion.

The stock rose 4.1% in the most recent premarket activity.

"We are very pleased with the results that our teams delivered amidst a highly volatile macroeconomic backdrop," Chief Executive Bob Martin said in a statement. "As we continue to execute our strategic plan, we remain focused on improving our operational efficiency, gaining market share and driving long-term success."

For fiscal 2026, the RV maker anticipates EPS to be in a range of $3.75 to $4.25 and sales to come in between $9 billion and $9.5 billion. The Street is looking for EPS of $4.25 and sales of $9.63 billion. In the previous fiscal year, EPS declined 2% to $4.84 and sales fell 4.6% to $9.58 billion.

"While there is significant internal excitement around the company-specific initiatives that have the potential to drive business results beyond what the broader market would normally support, we are cognizant of the inherent uncertainty surrounding the timing of these dynamics playing out," Seth Woolf, head of corporate development, said in the earnings release. "Additionally, with multiple data points suggesting weakness emerging in the job market, we think it is prudent to plan for another challenging year."

Official data released earlier this month showed that US nonfarm payrolls rose by 22,000 in August, well below Wall Street's expectations. The unemployment rate rose to 4.3% from 4.2% in July.

Revenue in the North American towable RV segment dropped 4.6% to $888.7 million in the fourth quarter, amid a 10% decline in wholesale shipments, according to the company. Revenue from motorized RVs in North America inclined 7.8% to $557.4 million amid a 16% gain in unit shipments.

European RV sales decreased to $923.1 million from $943.4 million due to a 14% drop in unit shipments, partially offset by a 12% increase in net price per unit, Thor said.

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