Thor Industries (THO) Reports Q1 EPS of $0.92

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Go back to Thor Industries (THO) Reports Q1 EPS of $0.92

Thor Announces Net Sales Up 22.9%, and Gross Margins Improve 250 Basis Points for First Quarter of Fiscal 2020

December 9, 2019 6:45 AM EST

ELKHART, Ind., Dec. 9, 2019 /PRNewswire/ -- Thor Industries, Inc. (NYSE: THO) today announced results for the first quarter of fiscal 2020 ended October 31, 2019.

"In our fiscal first quarter, we achieved a pronounced improvement in our operating results, reflecting the benefits of the flexible and highly variable cost model we have developed, as we increased gross profit margins in our North American RV segments despite modest decreases in net sales," commented Bob Martin, President and CEO of Thor Industries. "EHG's results for the quarter were generally in line with expectations as EHG has historically... More