Inferra AI / Company / THO

Thor Industries Inc

THO · Consumer Discretionary

Last earnings Sep 22, 2026

Key results

Revenuequarter

3.1%

Our European segment was a key contributor with net sales for fiscal 2026 up 3.1% compared to the prior-year period on a constant currency basis.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

Fifth wheel products within the segment were especially challenged for the second quarter in a row, with net sales down 30.5% compared to the prior-year period.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

Net revenuequarter

10.4%

Net sales for our North American Motorized segment for our fiscal 2026 fourth quarter decreased 10.4% compared to the prior-year period.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

Our European segment had a strong top-line fiscal 2026 fourth quarter, with net sales up 4.9% on a constant currency basis compared to the prior-year period.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

Revenuefull-year

3.1%

In terms of net sales, this concluded a strong fiscal year overall for the segment, with net sales for fiscal 2026 up 3.1% on a constant currency basis compared to fiscal 2025 despite the macroeconomic headwinds that are also impacting the European retail customer.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

Gross marginquarter

15.3%

The gross margin percentage for the fiscal 2026 fourth quarter was 15.3%, up 90 basis points compared to the gross margin percentage in our fiscal 2026 third quarter when some of these lower-margin special units were still clearing the channel.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

EPSquarter

$0.78

NET SALES $2.31B (8.4)% (3) GROSS PROFIT MARGIN 12.4% (230) bps DILUTED EPS (1) $0.78 (66.9)% (3) (3) NET INCOME (1) $40.8M (67.5)% (3) EBITDA (2) $130.0M (42.2)% ADJUSTED EBITDA (2) $131.7M (37.1)% (3) (3) 5 N O R T H A M E R I C A N T O W A B L E · 4 Q F Y 2 0 2 6 +74.6% (2) KEY DRIVERS North American Towable segment net sales decreased 22.7% on a 19.7% decline in unit shipments, continuing to be influenced by a challenging retail environment and cautious independent dealer ordering patterns.

SEC original ↗Thor Industries Inc — Presentation / slide deck (8-K exhibit)EX-99Sep 22, 2026

(27.5)% (2) KEY DRIVERS North American Motorized segment net sales decreased 10.4%, driven by a 13.1% reduction in unit shipments and elevated promotional activity.

SEC original ↗Thor Industries Inc — Presentation / slide deck (8-K exhibit)EX-99Sep 22, 2026

AI analysis

Q2 2026 · reported Sep 22, 2026

Based on: Earnings release + Q2 2026 deck + parent 8-K + 10-K — transcript not held

EPS · Q2 2026

$0.78

EX-99 · Sep 22, 2026

Gross margin · Q2 2026

15.3%

EX-99 · Sep 22, 2026

Headline figures

Metric	Q2 2026	Prior qtr	Year ago
Revenue	3.1%	—	—
Net revenue	10.4%	—	—
Gross margin	15.3%	—	—
EPS	$0.78	—	—

EX-99 · Sep 22, 2026

Guidance · company-stated

net sales

“of $9.61 billion”

Guidance stated in the release for fiscal 2026; figures as stated.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin15.3%

Capital allocation

Quarterly dividend$0.52

During fiscal 2026, we reduced debt by $59.7 million and repurchased shares of $115.1 million, of which $34.3 million was repurchased during the fiscal 2026 fourth quarter.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Thor Industries Inc — Earnings release (2026-09-22)

Based on: Earnings release + Q2 2026 deck + parent 8-K + 10-K — transcript not held

Guidance & outlook

net sales: “net sales of $9.61 billion”

net sales (“fiscal 2026”)
“Against this backdrop, our teams executed by delivering net sales of $9.61 billion for fiscal 2026, exceeding the high end of our guidance evidence of both our geographic diversity and the sustained appeal of the RV lifestyle.”

Guidance stated in the release for fiscal 2026; figures as stated.

Capital allocation

During fiscal 2026, we reduced debt by $59.7 million and repurchased shares of $115.1 million, of which $34.3 million was repurchased during the fiscal 2026 fourth quarter.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

$577.9M FY 2025 FINANCIAL FLEXIBILITY Gross debt decreased $59.7 million year over year, with total liquidity of $1.30 billion funding growth, share repurchases and dividends from a position of strength.

SEC original ↗Thor Industries Inc — Presentation / slide deck (8-K exhibit)EX-99Sep 22, 2026

Quarterly dividend (1) $0.52 Regular quarterly dividend increased in October 2025 the 16th consecutive year of increases.

SEC original ↗Thor Industries Inc — Presentation / slide deck (8-K exhibit)EX-99Sep 22, 2026

Repurchase shares $115.1M 1,274,538 shares repurchased in fiscal 2026; $264.2M remains available under the current authorization as of July 31, 2026.

SEC original ↗Thor Industries Inc — Presentation / slide deck (8-K exhibit)EX-99Sep 22, 2026

(1) Our Board currently intends to continue regular quarterly cash dividend payments in the future, subject to certain conditions discussed in the Liquidity and Capital Resources section of Part II, Item 7: Management s Discussion and Analysis in the Company s Annual Report on Form 10-K for the fiscal year ended July 31, 2026.

SEC original ↗Thor Industries Inc — Presentation / slide deck (8-K exhibit)EX-99Sep 22, 2026

dollars general economic, market, public health and political conditions in the various countries in which our products are produced and or sold the impact of adverse weather conditions and or weather-related events the impact of changing emissions and other related climate change regulations in the various jurisdictions in which our products are produced, used and or sold changes to our investment and capital allocation strategies or other facets of our strategic plan and changes in market liquidity conditions, credit ratings and other factors that may impact our access to future funding and the cost of debt.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

Strategy & priorities

We directed those initiatives towards protecting attainable price points for consumers, accepting near-term margin pressure in exchange for long-term health of the business.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

Regardless of where projected industry levels settle, we are not easing off the initiatives that improve our earnings power expanding our enterprise purchasing programs, growing our owned-supplier business and optimizing our organizational structure.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

Our initiatives are being executed now with strong momentum and, even assuming a flat retail market against fiscal 2026 volumes, THOR can materially improve its earnings profile, concluded Woelfer.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

With much of our business impacted by macroeconomic headwinds, we remain focused on what we can control.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

Also impacting both the near-term and long-term profile of THOR is the strategic evolution of our North American RV operating model, including the recently announced leadership changes, which will position us to amplify and accelerate the benefits our management teams have already identified, commented Woelfer.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

Risks & headwinds

Our fiscal 2026 proved to be more challenging than we anticipated at the outset of the year due to the headwinds impacting the RV industry.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

With much of our business impacted by macroeconomic headwinds, we remain focused on what we can control.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

4 Fiscal 2027 Guidance We are confident in our ability to operate successfully in the current market and expect a relatively flat retail environment in fiscal 2027 compared to fiscal 2026, with many of the same headwinds we experienced in fiscal 2026 facing us in the near term.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

With this strong foundation, we can better address the affordability challenges that retail customers are facing and be the leader that our industry needs.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

These forward-looking statements are made based on management s current expectations and beliefs regarding future and anticipated developments and their effects upon THOR and inherently involve uncertainties and risks.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

These and other risks and uncertainties are discussed more fully in Item 1A of our Annual Report on Form 10-K for the year ended July 31, 2026.

SEC original ↗Thor Industries Inc — Earnings release (8-K exhibit)EX-99Sep 22, 2026

Documents

Earnings deck slides

0 decks with slide view

Thor Industries Inc — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors