Thor Industries (THO) Tops Q4 EPS by 22c

Thor Industries (NYSE: THO) reported Q4 EPS of $1.57, $0.22 better than the analyst estimate of $1.35. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.27 billion.

Outlook:

• Continued strength in the RV market and an ongoing shift toward more moderately priced towable and motorized products, as well as a full year of revenues from Jayco, is expected to result in double-digit revenue growth in fiscal 2017.
• The inclusion of lower gross-margin product sales from Jayco is expected to result in a dilution of gross margins in the coming year, though Jayco should contribute meaningful accretion to earnings per share for the full year.

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

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