Thor Industries posts Q4 earnings beat, prepares for ’another challenging year’

Investing.com -- Thor Industries, Inc. reported fourth-quarter earnings that significantly exceeded analyst expectations, with shares rising 0.7% premarket following the announcement.

The recreational vehicle manufacturer posted adjusted earnings per share of $2.36 for the fourth quarter ended July 31, 2025, surpassing the analyst consensus of $1.25 by $1.11. Revenue came in at $2.52 billion, above the $2.34 billion analysts had expected, though slightly down 0.4% from $2.53 billion in the same quarter last year.

Thor Industries’ North American Motorized RV segment was a bright spot, with sales increasing 7.8% to $557.4 million compared to the prior year, driven by a 15.9% increase in unit shipments. However, the North American Towable segment saw sales decline 4.6% to $888.7 million, with unit shipments down 10.1% as the company managed channel inventory. European RV sales decreased 2.2% to $923.1 million.

"We are very pleased with the results that our teams delivered amidst a highly volatile macroeconomic backdrop," stated Bob Martin, President and CEO of Thor Industries. "Our performance is a testament to their hard work and dedication that has helped us navigate a challenging environment."

For fiscal year 2026, Thor Industries provided guidance for revenue between $9.0 billion and $9.5 billion, compared to the analyst estimate of $9.32 billion. The company expects earnings per share of $3.75 to $4.25, in line with the analyst consensus of $3.82.

Seth Woolf, Head of Corporate Development & Investor Relations, added that with "multiple data points suggesting weakness emerging in the job market, we think it is prudent to plan for another challenging year.”

Martin stated: ’“We will know much more about what fiscal 2026 will bring after our Open House event this week and, more importantly, the winter shows culminating in Tampa in January, but I am optimistic with what we are seeing thus far."

The company generated $577.9 million in cash from operations during fiscal 2025, which it used to reduce debt by approximately $237 million and return $158.8 million to shareholders through dividends and stock repurchases.

Thor’s order backlog showed mixed results across segments, with North American Motorized backlog increasing 29.3% to $1.0 billion, while North American Towable and European backlogs declined by 5.0% and 21.8%, respectively.