Thor Industries (THO) Tops Q4 EPS by 31c, Sales Beat
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Thor Announces Record Results For Fourth Quarter And Full-Year Fiscal 2017
September 27, 2017 4:15 PM EDTELKHART, Ind., Sept. 27, 2017 /PRNewswire/ -- Thor Industries, Inc. (NYSE: THO) today announced record fourth-quarter net income of $119.5 million, or $2.26 per diluted share, on record fourth-quarter revenues of $1.93 billion. Gross profit for the fourth quarter ended July 31, 2017 increased 34.9% to $301.3 million. As anticipated and due primarily to acquisition-related dilution and market-driven changes in product mix, gross profit margins decreased to 15.6% in the fourth quarter compared to 17.3% in the prior-year period. Diluted earnings per share for the fiscal 2017 fourth quarter increased 43.9% from the previous year. The strong growth in revenues and earnings for the... More
