secwatch.observer — SEC 8-K summary
======================================

Issuer:     THOR INDUSTRIES INC (THO)
CIK:        0000730263
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0001171843-24-003308
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

THOR Q3 FY2024 EPS $2.13 vs $2.24 YoY; lowers FY2024 guidance across all metrics
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730263/000117184324003308/0001171843-24-003308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730263/000117184324003308/f8k_060524.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-003308

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer