earnings
confidence high
sentiment negative
materiality 0.85
THOR Q3 FY2024 EPS $2.13 vs $2.24 YoY; lowers FY2024 guidance across all metrics
THOR INDUSTRIES INC
2024-Q3 EPS reported
$3.26
revenue$7,509,241,000
- Q3 net sales $2.80B (-4.4% YoY); net income $114.5M; diluted EPS $2.13 (down from $2.24).
- North American Motorized sales fell 18.7% to $646.9M; European segment grew 7.4% to $931.1M.
- FY2024 guidance revised: net sales $9.8-$10.1B (prev. $10.0-$10.5B), gross margin 13.75-14.0% (prev. 14.0-14.5%).
- Diluted EPS guidance lowered to $4.50-$4.75 from $5.00-$5.50; NA wholesale shipment range reduced to 315k-325k units.
- Company paid down $161.4M debt, repurchased 126,754 shares, and generated over $250M cash from operations.