Thor Industries (THO) Tops Q4 EPS by 31c, Sales Beat

Thor Industries (NYSE: THO) reported Q4 EPS of $2.26, $0.31 better than the analyst estimate of $1.95. Revenue for the quarter rose up 49.7% to $1.93 billion versus the consensus estimate of $1.84 million.

Bob Martin, Thor President and CEO, commented, "Thor completed another year of exceptional growth, supported by strong demand from dealers and consumers for our products, notably our expanded lines of more affordably-priced towable and motorized RVs. These products are attracting more types of customers, including Baby Boomers and Millennials, to take part in the RV lifestyle, with its great value and opportunity to share life-enriching experiences with friends and family. RVs continue to increasingly become part of the fabric of people's recreational activities, as people enjoy the convenience and comfort that an RV provides at a variety of venues including festivals, concerts and sporting events, as well as the unmatched access RVs provide to numerous outdoor experiences."

Mr. Martin added, "The production capacity added during fiscal 2017 across nearly every Thor subsidiary to support this surging demand is beginning to be utilized. Industry fundamentals remain strong, and we are looking forward to another year of growth in fiscal 2018. This optimism was recently on display at our annual open house which was held last week. Dealers responded enthusiastically to our new and redesigned product offerings, which included additional lightweight and entry-level products as well as innovative features and floorplans that consumers are looking for to provide greater connectivity, comfort and convenience. To support this ongoing growth, we are continuing to strategically expand production capacity in ways that will maintain our flexibility to respond to demand."

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

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