Thor Reports Strong Growth In Net Sales, Gross Profit Margin, And Earnings Per Share For The First Quarter Of Fiscal 2021

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Go back to Thor Reports Strong Growth In Net Sales, Gross Profit Margin, And Earnings Per Share For The First Quarter Of Fiscal 2021

Thor Industries (THO) Tops Q1 EPS by 49c, Revenues Beat

December 8, 2020 6:32 AM EST

Thor Industries (NYSE: THO) reported Q1 EPS of $2.05, $0.49 better than the analyst estimate of $1.56. Revenue for the quarter came in at $2.54 billion versus the consensus estimate of $2.37 billion.

Net sales for the first quarter were $2.54 billion, an increase of 17.5%. First-quarter results include $1.89 billion in North American RV net sales and $602.5 million in European RV net sales.Consolidated gross profit margin for the first quarter was 14.9%, a 60 basis point improvement over the prior-year period.Net income attributable to THOR for the first quarter increased 122.8% to $113.8 million, or $2.05 per diluted... More