Free Research Report as Thor’s Revenues Grew 11.7% and EPS Scaled 19.9%

LONDON, UK / ACCESSWIRE / July 5, 2018 / If you want access to our free earnings report on Thor Industries, Inc. (NYSE: THO) (“Thor”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=THO. The Company reported its financial results on June 06, 2018, for the third quarter of the fiscal year 2018. The recreational vehicle maker outperformed analysts’ expectations for revenues for Q3 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Thor Industries most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the third quarter ended April 30, 2018, Thor’s revenues grew 11.7% to $2.25 billion compared to $2.02 billion in the third quarter of the fiscal year 2017. The Company’s revenue numbers surpassed analysts’ estimates of $2.20 billion.

During Q3 FY18, Thor incurred cost of products sold of $1.93 billion compared to $1.72 billion in Q3 FY17, increasing 12.4% on a y-o-y basis. The Company posted a gross profit of $316.7 million in the reported quarter, up by 7.8% from $293.8 million in the year ago same period. The Company’s gross profit margin as percentage of sales marginally dropped to 14.1% in Q3 FY18 compared to 14.6% in Q3 FY17.

Thor’s income before income taxes improved 8.6% to $180.5 million in Q3 FY18 compared to $166.2 million in Q3 FY17.

For the reported quarter, Thor’s net income jumped 20.2% to $133.8 million versus $111.3 million in the prior year’s comparable period. The Company’s diluted earnings per share (EPS) advanced 19.9% to $2.53 in Q3 FY18 compared to $2.11 in Q3 FY17, lagging analysts’ estimates of $2.65.

Segment Details

Thor operates through two reportable segments, namely: (i) Towable Recreational Vehicles (“Towable”); and (ii) Motorized Recreational Vehicles (“Motorized”).

Thor’s Towable segment’s sales increased 12.8% to $1.61 billion in Q3 FY18 compared to $1.43 billion in Q3 FY17. The segment’s income before income taxes rose 9.9% to $147.9 million in the reported quarter versus $134.5 million in the year ago comparable period, primarily driven by the increase in sales; a decrease in selling, general, and administrative expenses (SG&A) as a percentage of revenues; and a slightly lower amortization expenses.

For the reported quarter, the Towable segment’s backlog decreased $259.8 million, or 16.6%, to $1.30 billion compared to $1.56 billion in the year ago corresponding period; reflecting the impact of capacity additions on improving delivery times.

Thor’s Motorized segment’s sales climbed 8.8% to $598.5 million in the reported quarter compared to $549.9 million in the year ago same period. The segment’s income before income taxes grew 4.2% to $38.9 million in Q3 FY18 versus $37.4 million in Q3 FY17, driven by the growth in sales.

During Q3 FY18, the Motorized segment’s backlog decreased $97.2 million, or 12.2%, to $698.3 million from $795.5 million in Q3 FY17, reflecting the impact of capacity additions on improving delivery times.

Cash Matters

As of April 30, 2018, Thor’s cash and cash equivalents stood at $147.0 million compared to $223.3 million as of July 31, 2017. The Company had a long-term debt balance of $80.0 million as of April 30, 2018, compared to $145.0 million as of July 31, 2017. For the nine months ended April 30, 2018, Thor generated a net cash inflow from operating activities of $197.2 million compared to $182.8 million in the nine months ended April 30, 2018.

Stock Performance Snapshot

July 02, 2018 – At Monday’s closing bell, Thor Industries’ stock fell 2.35%, ending the trading session at $95.47.

Volume traded for the day: 311.93 thousand shares.

Stock performance in the last month – up 1.64%

After last Monday’s close, Thor Industries’ market cap was at $4.99 billion.

Price to Earnings (P/E) ratio was at 10.45.

The stock has a dividend yield of 1.55%.

The stock is part of the Consumer Goods sector, categorized under the Recreational Vehicles industry.

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