RV maker Thor Industries beats Q2 revenue estimates, maintains 2026 sales forecast

THOR Industries

03/03/2026 11:40

Overview

RV manufacturer's fiscal Q2 revenue rose 5.3% yr/yr, beating analyst expectations

Net income for fiscal Q2 beat analyst expectations, aided by real estate gains

Company maintained full-year fiscal 2026 guidance of $9.0 bln to $9.5 bln in sales

Outlook

Thor Industries maintains full-year fiscal 2026 net sales guidance of $9.0 bln to $9.5 bln

Company expects fiscal 2026 diluted EPS between $3.75 and $4.25

Thor cites geopolitical uncertainties as a reason for not raising full-year guidance

Result Drivers

NORTH AMERICAN MOTORIZED - Segment outperformed prior-year period with strong top and bottom-line performance

REAL ESTATE GAINS - Net income aided by gains from real estate transactions

STRATEGIC CHANGES - Strategic operational changes set to enhance synergies and benefits for stakeholders

Company press release: ID:nPn4zmPTPa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$2.13 bln
$1.96 bln (14 Analysts)
Q2 EPS
Beat
$0.34
$0.04 (13 Analysts)
Q2 Net Income
Beat
$17.8 mln
$1.12 mln (11 Analysts)
Q2 Gross Margin
11.8%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 12 "hold" and 1 "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 is $115.00, about 20.2% above its March 2 closing price of $95.69

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 23 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)