Bear of the Day: Thor Industries (THO)

The RV giant's revenue and earnings have dropped over the last several years as it faces multiple headwinds.

Zacks Investment Research • Aug 17, 2026

Why Is Thor Industries (THO) Up 2.2% Since Last Earnings Report?

Thor Industries (THO) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research • Jul 3, 2026

THOR INDUSTRIES ANNOUNCES REGULAR QUARTERLY DIVIDEND

ELKHART, Ind., June 16, 2026 /PRNewswire/ -- THOR Industries, Inc. (NYSE: THO) today announced that its Board of Directors approved, at its June 16, 2026, meeting, the payment of a regular quarterly cash dividend of $0.52 per share.

PRNewsWire • Jun 16, 2026

THOR Industries Q3 Review: Bad Times Are Rolling In

THOR Industries reported Q3 '26 results that were mixed to bad, with declining sales and profitability across key segments. NA Towable RV sales dropped nearly 25% y/y, with a 39% decline in backlog, while margins suffered from higher material costs and an unfavorable mix. Operating cash flow fell sharply due to inventory buildup, turning free cash flow negative, and management cut full-year EPS guidance to $3.30-$3.80.

Seeking Alpha • Jun 5, 2026

THOR INDUSTRIES ANNOUNCES FISCAL 2026 THIRD QUARTER RESULTS

Financial Highlights ($ in thousands, except for per share data) Three Months Ended April 30, Change Nine Months Ended April 30, Change 2026 2025 2026 2025 Net Sales $ 2,781,538 $ 2,894,816 (3.9) % $ 7,296,517 $ 7,055,707 3.4 % Gross Profit $  354,770 $  443,119 (19.9) % $   926,998 $   969,758 (4.4) % Gross Profit Margin % 12.8 % 15.3 % (250) bps 12.7 % 13.7 % (100) bps Net Income Attributable to THOR $    97,229 $  135,185 (28.1) % $   136,701 $   132,802 2.9 % Diluted Earnings Per Share $       1.86 $       2.53 (26.5) % $       2.59 $       2.49 4.0 % EBITDA (1) $  209,078 $  232,958 (10.3) % $  411,908 $  391,035 5.3 % Adjusted EBITDA (1) $  183,561 $  254,823 (28.0) % $  412,620 $  449,620 (8.2) % (1) See reconciliation of non-GAAP measures to the most directly comparable GAAP financial measures included at the end of this release Fiscal 2026 Third Quarter Net sales of $2.78 billion, Net income attributable to THOR of $97.2 million and EBITDA of $209.1 million in the quarter North American Motorized and European top-line results continue to indicate resilient demand for these products in a difficult macroeconomic environment Opportunistically repurchased $50.5 million of shares during the quarter Net income attributable to THOR was aided by gains from favorable market value adjustments on certain investments as well as gains on the sales of certain real estate associated with strategically optimizing our footprint. Adjusted EBITDA of $183.6 million in the quarter excludes, among other items, nonrecurring costs or benefits associated with strategic reorganization initiatives, the impact of gains on investments and the impact of real estate transactions Full-year fiscal 2026 diluted EPS guidance has been revised in light of prolonged macroeconomic headwinds Consolidated net sales in the range of $9.0 billion to $9.5 billion (no revision) Diluted earnings per share in the range of $3.30 to $3.80 (previously $3.75 to $4.25) ELKHART, Ind.

PRNewsWire • Jun 3, 2026

Thor Industries (THO) Q3 Earnings Lag Estimates

Thor Industries (THO) came out with quarterly earnings of $1.86 per share, missing the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $2.77 per share a year ago.

Zacks Investment Research • Jun 3, 2026

Thor Industries (THO) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for Thor Industries (THO) give a sense of how the business performed in the quarter ended April 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Zacks Investment Research • Jun 3, 2026

THOR Industries: The Market Is Deteriorating, But That's Not A Reason To Downgrade

THOR Industries reported Q3 2026 results with revenue above expectations but declining year-over-year and EPS missing estimates. THO faces deteriorating economic conditions, declining unit sales, reduced guidance, and shrinking backlog, signaling ongoing industry headwinds.

Seeking Alpha • Jun 3, 2026

Insights Into Thor Industries (THO) Q3: Wall Street Projections for Key Metrics

Get a deeper insight into the potential performance of Thor Industries (THO) for the quarter ended April 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

Zacks Investment Research • May 29, 2026

THOR INDUSTRIES ANNOUNCES DATE FOR ITS FISCAL 2026 THIRD QUARTER EARNINGS RELEASE

ELKHART, Ind., May 20, 2026 /PRNewswire/ -- THOR Industries, Inc. (NYSE: THO) today announced that the date for its fiscal 2026 third quarter earnings release will be on Wednesday, June 3, 2026, before the market opens.

PRNewsWire • May 20, 2026