Thor Announces Record Results for Fiscal 2018
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Thor Industries (THO) Reports Q4 EPS of $1.67, Revenues Beat
September 20, 2018 7:02 AM EDTThor Industries (NYSE: THO) reported Q4 EPS of $1.67, versus $2.03 reported last year. Revenue for the quarter came in at $1.87 billion versus the consensus estimate of $1.85 billion.
Our fourth quarter results reflect the actions taken during the period to balance dealer inventory levels," added Martin. We believe our reduced production levels, combined with higher promotional costs and solid retail demand, have improved the position of our dealers' inventories as they enter the new model year and prepare for the upcoming Dealer Open House.
While labor costs began to moderate during the latter part of fiscal... More
