Thor IndustriesNYSE: THO

Company delivers world's first electric vehicle prototypes as leader in eMobility ELKHART, Ind. , Oct. 29, 2024 /PRNewswire/ -- For nearly 45 years, THOR Industries has utilized responsible and sustainable business practices in its operations as its products inspire people to connect with nature and one another to Go Everywhere.

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

Thor Industries ( THO ) is the largest maker of recreational vehicles in the world, with $10 billion in annual sales through various subsidiaries including Airstream, Thor Motor Coach, Tiffin Motorhomes, DRV, Keystone, Heartland, KZ and Jayco. Thor was a giant winner in the pandemic environment when more people, from the retired to the merely remote, hit the road.

THOR Industries' long-term outperformance is driven by strategic acquisitions, a decentralized business model, and a highly variable cost structure. Recent underperformance is due to industry volatility, valuation compression, and macroeconomic challenges, but the company remains fundamentally strong. THOR's current valuation is attractive, with potential for long-term growth, especially as acquisitions resume and the European segment recovers.

THO reports better-than-expected results for Q4 fiscal 2024 and expects its fiscal 2025 consolidated net sales in the range of $9-$9.8 billion.

Airstream parent Thor Industries (THO) shares jumped Tuesday when the maker of recreational vehicles (RVs) reported better-than-expected results and gave a positive longer-term outlook as it controlled costs and inventory.

THO partners with Harbinger to bring the world's first hybrid Class A motorhome, the THOR Test Vehicle, to market in 2025.

Thor Industries (THO) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.68 per share a year ago.

2024 Highlights                       ($ in thousands, except for per share data)                                             Three Months Ended July 31,         Fiscal Years Ended July 31,           2024     2023   Change       2024     2023   Change Net Sales $ 2,534,167   $ 2,738,066   (7.4)%     $ 10,043,408   $ 11,121,605   (9.7)% Gross Profit $ 401,331   $ 394,305   1.8%     $ 1,451,962   $ 1,596,353   (9.0)% Gross Profit Margin %   15.8     14.4   +140 bps       14.5     14.4   +10 bps Net Income Attributable to THOR $ 90,015   $ 90,287   (0.3)%     $ 265,308   $ 374,271   (29.1)% Diluted Earnings Per Share $ 1.68   $ 1.68   —%     $ 4.94   $ 6.95   (28.9)% Cash Flows from Operations $ 338,016   $ 507,513   (33.4)%     $ 545,548   $ 981,633   (44.4)% Fiscal Fourth Quarter 2024 Net sales for the fourth quarter were $2.53 billion, a decrease of 7.4% as compared to the fourth quarter of fiscal 2023. Consolidated gross profit margin for the fourth quarter was 15.8%, a 140 basis point improvement over the comparable prior-year period, aided in part by a favorable LIFO inventory adjustment due to reductions in inventory levels as well as an improved warranty cost percentage.