RV maker Thor Industries beats Q4 sales, EPS estimates

THOR Industries

24/09/2025 11:41

Overview

Thor Industries 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 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/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$2.52 bln
$2.33 bln (13 Analysts)
Q4 EPS
Beat
$2.36
$1.24 (13 Analysts)
Q4 Net Income
Beat
$125.76 mln
$66 mln (11 Analysts)
Q4 Gross Margin
14.7%


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 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: ID:nGNXbkFYFq

(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.)