Thor Industries

THO

Market cap $4.13B

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

ELKHART, Ind., March 31, 2026 /PRNewswire/ -- THOR Industries, Inc. (NYSE: THO), the world's largest manufacturer of recreational vehicles, today announced the appointment of Andy Murray as Senior Vice President of Strategy and Business Development, a newly created role reflecting THOR's continued focus on strengthening its supply chain capabilities and supporting long-term value creation across the RV industry.

ELKHART, Ind., March 24, 2026 /PRNewswire/ -- THOR Industries, Inc. (NYSE: THO) today announced that its Board of Directors approved, at its March 24, 2026, meeting, the payment of a regular quarterly cash dividend of $0.52 per share.

THO posts Q2 profit and revenue growth, backed by acquisitions and EV plans, but shrinking backlog and weak demand in Europe cloud its near-term outlook.

THOR Industries beats fiscal Q2 earnings estimates as revenues climb 5.3% Y/Y, with motorized and European RV gains offsetting towable weakness.

The company maintained its fiscal-year outlook but warned that new tariff measures, inflation and the recent conflict in the Middle East could weigh on results.

The headline numbers for Thor Industries (THO) give insight into how the company performed in the quarter ended January 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

THOR Industries, Inc. (NYSE:THO) reported fiscal Q2 2026 diluted EPS of $0.34 against a Yahoo Finance consensus estimate of $0.04, representing a surprise of approximately 750%.

Thor Industries (THO) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to a loss of $0.01 per share a year ago.

Financial Highlights ($ in thousands, except for per share data) Three Months Ended January 31, Change Six Months Ended January 31, Change 2026 2025 2026 2025 Net Sales $  2,125,856 $  2,018,107 5.3 % $  4,514,979 $  4,160,891 8.5 % Gross Profit $     251,254 $     245,197 2.5 % $     572,228 $     526,639 8.7 % Gross Profit Margin % 11.8 % 12.1 % (30) bps 12.7 % 12.7 % — bps Net Income (Loss) Attributable to THOR $        17,803 $           (551) n/m $       39,472 $        (2,383) n/m Diluted Earnings (Loss) Per Share $            0.34 $          (0.01) n/m $           0.75 $          (0.04) n/m EBITDA (1) $        95,290 $       76,344 24.8 % $     202,830 $     158,077 28.3 % Adjusted EBITDA (1) $        98,054 $       87,015 12.7 % $     229,059 $     194,797 17.6 % (1) See reconciliation of non-GAAP measures to the most directly comparable GAAP financial measures included at the end of this release Fiscal 2026 Second Quarter Revenue of $2.13 billion, Net income attributable to THOR of $17.8 million and Adjusted EBITDA of $98.1 million in the quarter. Adjusted EBITDA excludes nonrecurring costs or benefits associated with strategic reorganization initiatives and the impact of real estate transactions North American Motorized results meaningfully outpaced the prior-year period, with strong performance on both the top and bottom lines Net income attributable to THOR was aided by gains associated with real estate transactions as the Company continues to strategically optimize its footprint Strategic evolution of THOR's North American RV operating model announced after the quarter on February 23, 2026, paving the way for future enhanced synergies as well as benefits for dealers, end consumers and shareholders Full-year fiscal 2026 financial guidance held constant as originally provided Consolidated net sales in the range of $9.0 billion to $9.5 billion Diluted earnings per share in the range of $3.75 to $4.25 ELKHART, Ind.