THOR Industries Q2 EPS $0.50 vs $4.79; cuts FY23 guidance to $5.50-$6.50

THOR INDUSTRIES INC

2023-Q2 EPS reported $3.03 revenue$5,454,719,000

Net sales $2.35B, down 39.4% YoY; diluted EPS $0.50 vs $4.79.
North American Towable RV net sales -58.2%, gross margin 6.4% (vs 19.0%).
Revised FY2023 guidance: net sales $10.5-$11.5B (prev $11.5-$12.5B), EPS $5.50-$6.50 (prev $7.40-$8.70).
Generated $91.3M operating cash flow in Q2, total liquidity $1.2B; paid $48.2M dividends.
European RV net sales -10.6%, gross margin improved to 14.1% (up 160 bps).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

THOR INDUSTRIES INC reported second quarter ended January 31, 2023 results: revenue $2.35 billion, net income $27.1 million, EPS $0.50.

Period: second quarter ended January 31, 2023
Revenue: $2.35 billion
Net income: $27.1 million
EPS: $0.50
Result: reported results

Exact text from the filing

Consolidated net sales were $2.35 billion in the second quarter of fiscal 2023, compared to $3.88 billion in the second quarter of fiscal 2022 and $2.73 billion in the second quarter of fiscal 2021. Consolidated gross profit margin for the second quarter was 12.1%, a decrease of 530 basis points when compared to the second quarter of fiscal year 2022 and a 330 basis point decrease when compared to the second quarter of fiscal year 2021. Net income attributable to THOR Industries and diluted earnings per share for the second quarter of fiscal 2023 were $27.1 million and $0.50, respectively, compared to $266.6 million and $4.79, respectively, for the prior-year period and $132.5 million and $2.38, respectively, for the second quarter of fiscal 2021.

View on SEC.gov

308 earnings releases filed in the last 30 days. Browse all earnings releases →

THOR INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0001171843-23-001465

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.