From GlobeNewswire: 2025-03-05 06:30:00

THOR Industries, Inc. reported fiscal 2025 second-quarter results with net sales at $2.02 billion, down 8.6% from the previous year. Gross profit margin was 12.1%, a 20 bps decrease. Net loss attributable to THOR was $(551) million, with diluted loss per share at $(0.01). Operating cash flows were $30.8 million.

Despite macroeconomic challenges, THOR remains focused on strategic actions to deepen dealer relationships. The company revised its full-year fiscal 2025 guidance, with net sales expected in the range of $9.0 billion to $9.5 billion and diluted earnings per share in the range of $3.30 to $4.00.

North American Towable RV net sales for the second quarter of fiscal 2025 increased 13.3% year-over-year, driven by a 27.6% increase in unit shipments. Gross profit margin improved to 11.1% due to increased sales and cost-saving initiatives. Income before income taxes rose to $28.2 million.

North American Motorized RV net sales decreased by 21.8% in the second quarter of fiscal 2025, mainly due to a 20.5% reduction in unit shipments. Gross profit margin was 7.8%, down from 10.6% in the prior year. Income before income taxes dropped to $4.3 million.

European RV net sales decreased by 21.7% in the second quarter of fiscal 2025, driven by a 27.8% decrease in unit shipments. Gross profit margin was 13.2%, down from 15.3% in the previous year. Income before income taxes was $2.2 million, compared to $38.1 million in the prior year.

THOR Industries’ consolidated EBITDA for the second quarter of fiscal 2025 was $76.3 million, with adjusted EBITDA at $87.0 million. The company remains focused on enhancing its business fundamentals and executing strategic plans to navigate the challenging market environment.

For more information and detailed financial statements, visit THOR Industries’ investor relations website. The company continues to prioritize financial discipline and strategic growth initiatives to emerge stronger and more resilient in the RV market. Contact Jeff Tryka, CFA, at Lambert Global for further inquiries.



Read more at GlobeNewswire:: THOR Industries Announces Second Quarter Fiscal 2025