Thor Industries Inc

THO: XNYS (USA)

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Thor Earnings: Higher Materials Costs Lead to Guidance Cut

David Whiston

Mar 5, 2025

Thor’s fiscal 2025 second quarter followed the first quarter’s loss with another loss, this time at $0.01 per share compared with an LSEG consensus profit of $0.07. Management also cut fiscal 2025 guidance as materials cost inflation has been worse than planned so far in fiscal 2025. Revenue increasing year over year by 12.1% and by 13.4% for the first half of the year is in line with management’s expectations, but full-year revenue is now guided to $9.0 billion-$9.5 billion from $9.8 billion on the high end previously. Higher costs now have the gross margin midpoint at about 14.1%, down from about 15%, leading to earnings per share of $3.30-$4.00 from $4.00-$5.00.

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Thor Industries Inc

Thor Earnings: Higher Materials Costs Lead to Guidance Cut

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