earnings
confidence high
sentiment positive
materiality 0.80
THOR Q3 record sales $4.66B, EPS $6.32 (+92% YoY); guides 460-480K industry retail
THOR INDUSTRIES INC
2022-Q3 EPS reported
$15.44
revenue$12,490,759,000
- Diluted EPS $6.32 (up 92.1% from $3.29); net income $348.1M vs $183.3M YoY.
- Net sales $4.66B (+34.6% YoY) driven by higher average prices and unit sales; Airxcel contributed $154M.
- Gross margin improved 270 bps to 17.3% on operational improvements and low discounts.
- Backlog $13.88B (down 21.7% from Jan 31, 2022); towable inventories near normal, motorized still constrained.
- Repurchased 499,106 shares for ~$40M in Q3; total $98.3M under $250M authorization; made $124.6M term loan payment, additional $140.5M post-quarter.