From Yahoo Finance: 2025-06-04 12:21:00

Thor Industries, Inc. (NYSE: THO) shares rise after reporting third-quarter EPS of $2.53, beating consensus of $1.83. Quarterly sales of $2.89 billion, up 3.3% Y/Y, outpaced analyst estimate of $2.48 billion. Gross profit margin expanded by 20 basis points to 15.3%. Adjusted EBITDA increased 7.9% Y/Y to $254.8 million.

North American Towable RV net sales up 9.1% Y/Y, while North American Motorized RV net sales rose 3.1% Y/Y. Gross profit margin improved by 200 basis points to 14.9%, attributed to higher sales and savings. European RV net sales decreased 5.1% Y/Y, with a 12.2% drop in unit shipments.

As of April 30, order backlog for North American Towable RV stood at $634.3 million (-14.4%) and North American Motorized RV at $883.7 million (-4.5%). European RV gross profit margin contracted 130 basis points to 16.2%. Company exited quarter with $508.3 million in cash and cash equivalents, $1.35 billion in net inventories, and $1.01 billion in long-term debt.

Thor Industries reaffirms FY25 EPS guidance of $3.30 to $4.00 and FY25 sales guidance of $9.00 billion to $9.50 billion. President and CEO Bob Martin notes challenges in current market environment but expects improvement in consumer confidence. Year-to-date, THO shares have declined around 11%.

Read more: Recreational Vehicle Maker Thor’s European Sales Hit By Dip, Cautions On Macro Outlook