THOR Industries reports decrease in net sales but increase in profit margin for Q4 2024.

From GlobeNewswire: 2024-09-24 06:30:00

In the fourth quarter of fiscal year 2024, THOR Industries reported a decrease in net sales by 7.4% to $2.53 billion. Gross profit margin increased to 15.8%. Earnings per share remained flat at $1.68. The company repurchased 266,367 shares of common stock totaling $25.4 million.

For fiscal year 2024, THOR Industries reported a 9.7% decline in net sales to $10.04 billion. Earnings per share decreased to $4.94. The company made principal payments of $213.0 million on its term loans and repurchased 720,997 shares of common stock for $68.4 million.

THOR Industries announced financial results for the fourth quarter of fiscal 2024 with net sales of $2.53 billion and gross profit margin of 15.8%. President and CEO Bob Martin attributed the strong margin performance to strategic initiatives and operational efficiency. The company remains confident in managing ongoing industry challenges and maintaining a cautious but optimistic outlook.



Read more at GlobeNewswire:: THOR Industries Announces Fourth Quarter Fiscal 2024