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Investing.com - Thor Industries, Inc. (NYSE:THO) reported better-than-expected first quarter fiscal 2026 results on Thursday, with revenue climbing 11.5% YoY to $2.39 billion as the recreational vehicle manufacturer improved market share despite challenging consumer conditions.
The company’s shares rose 1.62% in pre-market trading following the announcement.
The company posted earnings of $0.41 per share, a significant improvement from a loss of -$0.03 per share in the same period last year.
Revenue growth was primarily driven by the North American Motorized RV segment, which saw a 30.9% increase in sales to $661.1 million, with unit shipments up 32.3%. The European RV segment also contributed with an 8.4% sales increase to $655.5 million, while North American Towable RV sales remained essentially flat at $897.1 million.
"The quarter finished stronger than we expected, and we are excited about the impact of the actions we are taking to improve the strength of our business," said Bob Martin, President and CEO of Thor Industries . "While dealers have a near-term cautious tone around the state of the consumer, I have never felt more confident about the long-term health of the industry and our Company."
Gross profit margin expanded 30 basis points to 13.4%, highlighting the company’s strategic efforts to streamline operations. The improvement came despite what the company described as "unprecedented consumer uncertainty" related to government shutdown concerns and tariff headlines.
Thor maintained its full-year fiscal 2026 guidance, projecting consolidated net sales between $9.0 billion and $9.5 billion and diluted earnings per share in the range of $3.75 to $4.25.