RV maker Thor Industries reports bigger-than-expected Q1 profit on improved market share

THOR Industries

03/12/2025 11:45

Overview

Thor Industries fiscal Q1 revenue grows 11.5% yr/yr, beating analyst expectations

Adjusted EPS for fiscal Q1 beats consensus, reflecting improved market share

Net income for fiscal Q1 beats analyst estimates, showing a turnaround from a loss

Outlook

Thor Industries expects fiscal 2026 net sales between $9.0 bln and $9.5 bln

Company anticipates diluted EPS for fiscal 2026 between $3.75 and $4.25

Thor Industries sees stable gross margin at midpoint with upside in stronger market

Result Drivers

NORTH AMERICAN MARKET SHARE - Co improved market share for second consecutive quarter, supported by retail performance exceeding expectations

STRATEGIC INITIATIVES - Strategic actions improved margins despite flat sales in Towable segment, driven by lower warranty costs and reduced overhead

MOTORIZED SEGMENT GROWTH - Motorized segment sales and margins grew significantly due to new premium products and targeted pricing strategies

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$2.39 bln
$2.05 bln (14 Analysts)
Q1 EPS
Beat
$0.41
-$0.08 (13 Analysts)
Q1 Net Income
Beat
$21.67 mln
-$1.34 mln (11 Analysts)
Q1 Gross Margin
13.40%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 13 "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 $110.00, about 0.2% below its December 2 closing price of $110.21

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nPnb36hgsa

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(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.)