Q4 2019

"We are encouraged by the improvement in the North American RV Towables segment in the fourth quarter, as we saw our flexible business model and the benefits of our variable cost structure drive improvement in margins for the quarter," said Bob Martin, Thor President and CEO. "Fiscal 2019 was a year of significant accomplishments amid challenging industry conditions. We completed the largest acquisition in our Company's and the RV industry's history, while managing through the overhang of inventory among our independent dealers. As we look ahead to fiscal 2020, we see many reasons for optimism as we leverage the global growth opportunities of EHG. Our confidence was reinforced at the recent Düsseldorf Caravan Salon in late August, the Hershey RV show in mid-September and our Open House event held last week. Each of these important events were well attended and reflected the current optimistic sentiment of our independent dealers and consumers."

Thor Industries, Inc. - Thor Announces Financial Results For Fourth Quarter And Fiscal Year 2019

Thor Industries, Inc. (NYSE:THO) announced its quarterly earnings results on Monday, September, 30th. The construction company reported $1.70 EPS for the quarter, topping the Zacks' consensus estimate of $1.43 by $0.27. The construction company earned $2.31 billion during the quarter, compared to analyst estimates of $2.35 billion. Thor Industries had a return on equity of 15.50% and a net margin of 1.69%. The firm's revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 earnings per share.

NYSE:THO - Thor Industries Stock Price, News & Analysis