THOR Q1 net sales $2.50B (-19.5%); EPS $0.99 vs $2.53; reaffirms FY2024 guidance

THOR INDUSTRIES INC

2024-Q1 EPS reported $0.99 revenue$2,500,759,000

Consolidated net sales $2.50B, down 19.5% YoY; diluted EPS $0.99 vs $2.53; net income $53.6M.
North American Towable sales -28.3%, Motorized -36.7%; European segment +40.4% on pricing and FX.
Reaffirms FY2024 guidance: net sales $10.5-11.0B, gross margin 14.5-15.0%, EPS $6.25-7.25.
Declared 7% dividend increase (14th consecutive year); repurchased $30M of stock in Q1.
Amended term loan to extend maturity to Nov 2030 and reduce margin by 0.25%; ABL extended to Nov 2028.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

THOR INDUSTRIES INC updated its full-year fiscal 2024 guidance (reaffirmed).

Period: full-year fiscal 2024
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The Company reaffirms its full-year fiscal 2024 consolidated net sales, consolidated gross profit margin and diluted earnings per share guidance.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

THOR INDUSTRIES INC reported first quarter ended October 31, 2023 results: revenue $2.50 billion, net income $53.6 million, EPS $0.99. Guidance reaffirmed.

Period: first quarter ended October 31, 2023
Revenue: $2.50 billion
Net income: $53.6 million
EPS: $0.99
Guidance: reaffirmed
Result: reported results

Exact text from the filing

& Continues to Navigate Prolonged Challenging Environment With a Prudent Focus on Operational Execution Fiscal First Quarter 2024 Highlights Net sales for the first quarter were $2.50 billion. Consolidated gross profit margin for the first quarter was 14.3%. Net income attributable to THOR Industries and diluted earnings per share for the first quarter of fiscal 2024

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Source: SEC EDGAR

accession 0001171843-23-007451

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