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

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

Thor Announces Record Results For Fourth Quarter And Full-Year Fiscal 2017

September 27, 2017 4:15 PM EDT

ELKHART, 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