Thor Industries Reports Mixed Fiscal 2024 Results
Company Announcements

Thor Industries Reports Mixed Fiscal 2024 Results

The latest announcement is out from Thor Industries ( (THO) ).

THOR Industries reported a 7.4% decrease in net sales for the fourth quarter of fiscal 2024 compared to the same period in the previous year, with sales totaling $2.53 billion. Despite a decline in net sales, the company experienced a 140 basis point increase in gross profit margin and maintained earnings per share at $1.68. For the full fiscal year 2024, net sales were down by 9.7% at $10.04 billion, and earnings per share dropped by 28.9% to $4.94, although this was still ahead of the company’s most recent guidance. THOR remains confident in its business model and ability to navigate industry challenges, emphasizing its disciplined approach and operational efficiencies.

For a thorough assessment of THO stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyThor Industries increases quarterly dividend 4.2% to 50c per share
TheFlyThor Industries price target raised to $99 from $87 at Roth MKM
TheFlyThor Industries’ updated earnings outlook ‘conservative’, says DA Davidson
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App