Thor rises after Q1 results beat estimates

THOR Industries

03/12/2025 13:30

** Shares of recreational vehicles manufacturer Thor Industries THO.N rise nearly 1.4% to about $111.8 premarket

     ** THO beats Q1 profit and revenue estimates on strong North American motorized sales, driven by premium launches and focus on key price points

     ** Reports Q1 net income of $21.7 mln, above analysts' estimate of $8.8 mln - data compiled by LSEG

     ** Posts Q1 revenue of $2.39 bln, beating estimate of $2.14 bln

     ** Says U.S. government shutdown and tariffs have weighed on consumer confidence

     ** THO sees FY26 consolidated net sales in the range of $9 bln to $9.5 bln

     ** As of last close, shares up 15.2% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))