Thor Industries (NYSE: THO) reported Q2 EPS of ($0.10), may not compare to the the analyst estimate of $1.11. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.56 billion.

Outlook

Thor's management team and Board remain focused on creating long-term shareholder value. As a result of the combination of strong underlying industry demographics and fundamentals, Thor's leadership position in the RV industry, and the international growth opportunities presented by the EHG acquisition, the Company is optimistic about the long-term future.

"For the rest of fiscal 2019, we expect to face challenges that may impact our financial results as dealers continue to closely manage inventory to levels that better reflect current retail demand, and their ability to replenish inventory more quickly," added Bob Martin. "While we also face difficult year-over-year comparisons to the record third-quarter results for fiscal 2018, we are confident that Thor is on a path toward growth in fiscal 2020."

"We remain optimistic regarding the demographics and long-term fundamentals driving the global RV industry which gave us confidence to embark on the largest acquisition in our Company's history," commented Peter B. Orthwein, Executive Chairman of Thor. "With the acquisition of EHG now completed, we are focused on capturing synergies and driving positive cash flow which we will use to reduce our outstanding debt as quickly as possible."

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