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ELKHART, Ind. -On Wedsnesday, Thor Industries (NYSE:THO) reported fiscal second quarter earnings that missed analyst expectations, while revenue came in ahead of estimates.
Thor’s shares fell -8.64% in premarket trading following the earnings release.
Thor posted a loss of $0.01 per share for the quarter ended January 31, compared to analyst estimates for earnings of $0.08 per share. Revenue of $2.02 billion beat the consensus forecast of $1.97 billion.
The company’s net sales decreased 8.6% YoY to $2.02 billion, driven by lower shipments in its North American Motorized and European RV segments. Gross profit margin contracted to 12.1% from 12.3% in the year-ago quarter.
"Our second quarter results were in line with our expectations going into the quarter, and we experienced mild, but encouraging, year-over-year improvement at recent retail shows," said Bob Martin, President and CEO of Thor Industries.
Thor narrowed and revised its full-year fiscal 2025 guidance, now expecting consolidated net sales of $9.0 billion to $9.5 billion, down from its previous range of $9.0 billion to $9.8 billion. The company also lowered its diluted EPS forecast to $3.30 to $4.00, compared to the prior outlook of $4.00 to $5.00.
The RV maker cited continued macroeconomic headwinds and challenging market conditions, particularly in its North American Motorized and European segments, for the softer outlook.
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