UPDATE: Thor Industries (THO) Q1 Revenue Misses Views
(Update corrects revenue to say billion, no million)
Thor Industries (NYSE: THO) reported Q1 EPS of $0.26, may not compare to the analyst estimate of $1.67. Revenue for the quarter came in at $1.76 billion versus the consensus estimate of $1.92 billion.
Outlook
Looking ahead, Thor’s management team and board remain focused on the long term and are optimistic about global growth opportunities. The combination of retail trends in the RV industry, an influx of new consumers entering the industry and the consistent growth in demand for outdoor experiences and products will provide the ideal environment for Thor Industries to grow and maximize value for all stakeholders.
“We remain confident in both the short and long-term fundamentals driving the RV industry. The combination of strong economic indicators, especially consumer confidence, an influx of new consumers entering the RV industry, and the consistent growth in demand for outdoor experiences and products provide the ideal environment for Thor Industries to grow and maximize value for all stakeholders,” said Peter B. Orthwein, Thor Executive Chairman.
"We are also excited to soon be completing our purchase of EHG, which will open new markets for us, and will make Thor Industries the largest global RV manufacturer. Our Company and management team have demonstrated that we have the ability to successfully integrate and manage large acquisitions by relying on our operational excellence and prudent financial management, and we are looking forward to working together with the EHG team to expand our leadership worldwide,” added Mr. Orthwein.
For earnings history and earnings-related data on Thor Industries (THO) click here.