earnings
confidence high
sentiment negative
materiality 0.75
THOR Q1 FY2025 net loss of $1.8M on 14.3% revenue decline; reaffirms FY2025 guidance
THOR INDUSTRIES INC
2025-Q1 EPS reported
-$0.03
revenue$2,142,784,000
- Net loss of $1.8M (diluted EPS –$0.03) vs prior-year income of $53.6M ($0.99).
- Revenue fell 14.3% to $2.14B; gross margin contracted 120bps to 13.1%.
- Motorized RV sales –29%, European –14.6%, Towable –4.9%; backlog down across segments.
- Incurred $15.5M restructuring costs for headcount cuts and facility closure; expects $10M+ annual savings.
- FY2025 guidance reaffirmed: sales $9.0–$9.8B, EPS $4.00–$5.00; liquidity $1.31B.