Thor Industries (THO) Tops Q2 EPS by 1c

Thor Industries (NYSE: THO) reported Q2 EPS of $1.23, $0.01 better than the analyst estimate of $1.22. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.51 billion.

"The second quarter marked another period of growth for Thor, as we experienced a positive start to the spring retail show season around the country," said Bob Martin, Thor President and CEO. \"Growing demand from new consumers broadening our market has continued, with younger families increasingly buying more affordably priced travel trailers and smaller motorhomes. These positive trends give us confidence that Thor and the industry will outpace volumes achieved in 2016, which was the best year of wholesale RV shipments since the 1970s. We remain convinced that these trends will continue to drive industry growth in future periods, as we provide new consumers with positive experiences that prompt them to become lifelong RVers."

Mr. Martin added, "We increased production in the first half of fiscal 2017, which is typically a slower seasonal period, to respond to the high demand. We continue to make progress in expanding our production capacity, including expansion projects announced at Keystone, Jayco and Heartland, which should begin to ramp up over the remainder of fiscal 2017 and into fiscal 2018. The investments we are making in expanding our production facilities will position us well for long-term growth, which is a consistent focus of our strategic plan."

For earnings history and earnings-related data on Thor Industries (THO) click here.

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