THOR Industries Q4 Profit Plunges 67% as RV Demand Stays Weak
THO is trading near its 52-week low of $67.31 (5.1% above the low) on elevated volume (2.1× avg).
Summary
THOR Industries reported fiscal Q4 net income of $40.8 million, down 67.5% from $125.8 million a year earlier, as the RV market remains in a prolonged downturn. Net sales fell 8.4% to $2.31 billion, with gross margin contracting 230 basis points to 12.4%. The North American Towable segment was hit hardest, with sales down 22.7% and income before taxes down 77.2%. Management withheld fiscal 2027 guidance, citing the need to assess dealer sentiment at upcoming industry shows, but said strategic initiatives should drive over $100 million in annual cost savings once fully implemented. The company repurchased $34.3 million of shares in the quarter and reduced debt by $59.7 million for the year, signaling confidence in its balance sheet despite weak demand. This follows a challenging fiscal year where full-year EPS fell 30.2% to $3.38. The company expects a relatively flat retail environment in fiscal 2027.
At the time of this announcement, THO was trading at $70.73 on NYSE in the Manufacturing sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $67.31 to $122.83. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: PR Newswire.