Categories Earnings, Industrials

Thor Industries (THO): Q2 2020 Earnings Snapshot

Earnings Update by AlphaStreet

— Thor Industries (NYSE: THO) reported Q2 2020 earnings of $0.52 per share, vs. $0.70 expected.

— Sales grew 55% to $2 billion, vs. $1.82 billion expected.

— Independent dealer inventory levels of Thor products in North America decreased by 16.5% to approx. 115,200 units as of January 31, 2020.  

— North American Towable RV sales were $983.9 million, up 11.6% year-over-year.

— North American Motorized RV sales were $343.7 million, down 7.5% from last year.  

— European RV sales were $637.1 million.  

— FY2020 North American retail sales are expected to be flat to modestly down.

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