Every material Form 8-K Thor Industries has filed with the SEC since November 17, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
THOR Industries reported fiscal 2026 fourth-quarter and full-year results for the year ended July 31, 2026. Full-year net sales rose 0.3% to $9.61 billion, but net income attributable to THOR fell 31.3% to $177.5 million, and fourth-quarter net income fell 67.5% to $40.8 million. The company said it will not give fiscal 2027 guidance until later this fall, after industry events in September.
Fourth quarter: net sales of $2.31 billion, down 8.4%; diluted EPS of $0.78 versus $2.36 a year earlier
Fiscal 2026: net sales of $9.61 billion, up 0.3%; diluted EPS of $3.38 versus $4.84 a year earlier
Fiscal 2027 guidance withheld until later this fall; management expects a relatively flat retail environment and cost initiatives to improve earnings by more than $100 million annually once fully implemented
Repurchased $115.1 million of shares in fiscal 2026, including $34.3 million in the fourth quarter; reduced debt by $59.7 million
THOR Industries reported fiscal third-quarter 2026 results for the quarter ended April 30, 2026, with net sales down 3.9% to $2.78 billion and diluted earnings per share down 26.5% to $1.86. The company lowered its full-year fiscal 2026 diluted EPS guidance to $3.30 to $3.80 from $3.75 to $4.25, citing prolonged macroeconomic headwinds, which points to lower expected profit for shareholders.
Q3 net sales were $2.78 billion, down 3.9%; North American Towable net sales fell 24.6% on a 25.0% drop in unit shipments.
Q3 net income attributable to THOR was $97.2 million, down 28.1%, aided by gains on investments and real estate sales.
Full-year fiscal 2026 diluted EPS guidance was cut to $3.30 to $3.80 from $3.75 to $4.25; net sales guidance of $9.0 billion to $9.5 billion was unchanged.
Adjusted EBITDA was $183.6 million, down 28.0% from $254.8 million in the prior-year quarter.
THOR Industries reported fiscal second quarter 2026 results for the three months ended January 31, 2026, with net sales of $2.13 billion, up 5.3% from a year earlier, and net income attributable to THOR of $17.8 million, or $0.34 per diluted share, compared with a loss of $551,000 a year earlier. The company left its full-year fiscal 2026 guidance unchanged, citing recent geopolitical events that it said created too much short-term uncertainty to raise the outlook. Management said net income was aided by gains tied to real estate transactions and asset sales.
Net sales of $2.13 billion, up 5.3%; gross profit margin of 11.8% versus 12.1% a year earlier
Net income attributable to THOR of $17.8 million versus a loss of $551,000; diluted EPS of $0.34 versus $(0.01)
Full-year fiscal 2026 guidance held: net sales of $9.0 billion to $9.5 billion and diluted EPS of $3.75 to $4.25
North American Motorized net sales rose 29.3%, while the European RV segment posted a pre-tax loss of $12.3 million
THOR Industries reported first-quarter fiscal 2026 results for the period ended October 31, 2025, with net sales up 11.5% to $2.39 billion and net income attributable to THOR of $21.7 million, compared with a $1.8 million loss a year earlier. The company also issued fiscal 2026 guidance calling for net sales of $9.0 billion to $9.5 billion and diluted earnings per share of $3.75 to $4.25.
Net sales rose 11.5% to $2.39 billion; diluted EPS was $0.41 versus a $(0.03) loss a year earlier
North American Motorized unit shipments rose 32.3%, while North American Towable unit shipments fell 14.0%
Fiscal 2026 guidance: net sales of $9.0 billion to $9.5 billion and diluted EPS of $3.75 to $4.25
Operating cash flow was negative $44.9 million, compared with positive $30.7 million a year earlier
THOR Industries reported fourth-quarter fiscal 2025 diluted EPS of $2.36, up 40.5% from $1.68, on net sales of $2.52 billion, down 0.4%. For the full year ended July 31, 2025, net sales fell 4.6% to $9.58 billion and diluted EPS fell 2.0% to $4.84. The company guided fiscal 2026 net sales of $9.0 billion to $9.5 billion and diluted EPS of $3.75 to $4.25, a range that sits below fiscal 2025 results.
Q4 net income attributable to THOR was $125.8 million, up from $90.0 million; Q4 net sales were $2.52 billion versus $2.53 billion a year earlier.
FY2026 guidance: net sales of $9.0 billion to $9.5 billion and diluted EPS of $3.75 to $4.25, excluding a meaningful impact from the Heartland realignment and Keystone model refresh.
Q4 wholesale unit shipments fell 10.1% in North American Towable and 14.1% in European RVs.
Fiscal 2025 debt payments of about $237.0 million; $158.8 million returned to shareholders through dividends and buybacks.
THOR Industries reported fiscal third-quarter results for the period ended April 30, 2025, with net sales of $2.89 billion, up 3.3%, and diluted earnings per share of $2.53, up from $2.13. The company reaffirmed its revised fiscal 2025 guidance, and management said it expects the fourth quarter of fiscal 2025 and the first quarter of fiscal 2026 to be challenging. Nine-month results declined, with diluted EPS of $2.49 versus $3.26 a year earlier.
Third-quarter net sales of $2.89 billion, up 3.3%; gross profit margin of 15.3% versus 15.1%
Diluted EPS of $2.53 versus $2.13; net income attributable to THOR of $135.2 million versus $114.5 million
Fiscal 2025 guidance reaffirmed: net sales of $9.0 billion to $9.5 billion; diluted EPS of $3.30 to $4.00
Nine-month diluted EPS of $2.49 versus $3.26, down 23.6%; nine-month net sales down 6.0%
THOR Industries reported second-quarter fiscal 2025 net sales of $2.02 billion, down 8.6%, and a net loss attributable to THOR of $0.6 million, or $0.01 per diluted share, compared with a $7.2 million profit a year earlier. The company lowered its full-year fiscal 2025 guidance, cutting diluted earnings per share to $3.30 to $4.00 from $4.00 to $5.00, which matters to shareholders because it reduces expected profit for the year.
Q2 fiscal 2025 net sales were $2.02 billion, down from $2.21 billion, and gross profit margin was 12.1%, down 20 basis points.
Diluted EPS guidance for fiscal 2025 was cut to $3.30 to $4.00 from $4.00 to $5.00; gross margin guidance was lowered to 13.8% to 14.5% from 14.7% to 15.2%.
Net sales guidance was narrowed to $9.0 billion to $9.5 billion from $9.0 billion to $9.8 billion.
North American Motorized RV and European RV net sales fell 21.8% and 21.7%, while North American Towable RV net sales rose 13.3%.
THOR Industries reported fiscal first-quarter 2025 results for the quarter ended October 31, 2024, with net sales of $2.14 billion, down 14.3%, and a net loss attributable to THOR of $1.8 million, compared with net income of $53.6 million a year earlier. The company reaffirmed its full-year fiscal 2025 guidance, which it had given earlier, so shareholders face a weak first half with no change to the outlook.
Net sales were $2.14 billion versus $2.50 billion; diluted earnings per share were $(0.03) versus $0.99.
Consolidated gross profit margin was 13.1%, down 120 basis points; North American Motorized RV unit shipments fell 33.0%.
Employee separation and facility closure costs totaled about $15.5 million in the quarter; the company expects over $10 million in annual savings.
Fiscal 2025 guidance was held: net sales of $9.0 billion to $9.8 billion, gross margin of 14.7% to 15.2%, and diluted EPS of $4.00 to $5.00.
THOR Industries reported fourth-quarter and fiscal 2024 results for the year ended July 31, 2024, with net sales down 7.4% in the quarter and 9.7% for the year. The company also issued its first fiscal 2025 guidance, calling for net sales of $9.0 billion to $9.8 billion and diluted EPS of $4.00 to $5.00, which is below fiscal 2024's $4.94 diluted EPS.
Fourth-quarter net sales were $2.53 billion, down 7.4%, while diluted EPS was $1.68, flat versus the prior year.
Fiscal 2024 net sales were $10.04 billion, down 9.7%, and diluted EPS was $4.94, down 28.9% but ahead of the company's most recent guidance.
Fiscal 2025 guidance: net sales of $9.0 billion to $9.8 billion, gross profit margin of 14.7% to 15.2%, and diluted EPS of $4.00 to $5.00.
Liquidity was approximately $1.32 billion on July 31, 2024, and the company repurchased 720,997 shares for $68.4 million in fiscal 2024.
Thor Industries amended its term loan credit agreement with JPMorgan Chase Bank as administrative agent on July 1, 2024, lowering the interest margin on its USD and Euro loans. The filing says the November 15, 2030 maturity and the covenants are unchanged, so the change is limited to borrowing cost.
USD loan margin reduced by 0.50%: ABR Loans now 1.25% and Term Benchmark Loans now 2.25%
Euro loan margin reduced by 0.25% to 2.75% for Term Benchmark Loans
Principal outstanding as of July 1, 2024: $350,000,000 USD Term Loan and €304,175,000 EURO Term Loan
Maturity date (November 15, 2030) and covenants remain unchanged
THOR Industries reported third-quarter fiscal 2024 net sales of $2.80 billion, down from $2.93 billion a year earlier, and diluted earnings per share of $2.13, down from $2.24. The company lowered its full-year fiscal 2024 guidance, citing challenging market conditions that have persisted into the fourth quarter, which lowers the outlook for shareholders' earnings.
Q3 net income attributable to THOR was $114.5 million, versus $120.7 million a year earlier; gross profit margin rose to 15.1% from 14.8% on a consolidated basis.
Fiscal 2024 diluted EPS guidance was cut to $4.50 to $4.75, from $5.00 to $5.50 previously.
Fiscal 2024 net sales guidance was lowered to $9.8 billion to $10.1 billion, from $10.0 billion to $10.5 billion.
North American industry wholesale shipment range was lowered to 315,000 to 325,000 units, from 330,000 to 340,000 units.
THOR Industries reported fiscal second-quarter 2024 net sales of $2.21 billion, down from $2.35 billion a year earlier, and diluted earnings per share of $0.13, down from $0.50. The company lowered its full-year fiscal 2024 guidance for net sales and earnings per share, citing weak retail demand and dealer caution on inventory, which reduces expected profit for shareholders.
Q2 fiscal 2024 net income attributable to THOR was $7.2 million, versus $27.1 million a year earlier, including a $14.7 million charge tied to the November 15, 2023 debt refinancing.
Fiscal 2024 diluted EPS guidance was cut to $5.00-$5.50 from $6.25-$7.25; net sales guidance was cut to $10.0-$10.5 billion from $10.5-$11.0 billion.
Gross profit margin rose to 12.3% from 12.1%, while North American Motorized RV net sales fell 22.8%.
As of January 31, 2024, liquidity was about $1.3 billion, including $340.2 million in cash on hand.
THOR Industries appointed Jeffrey D. Lorenger, President, CEO and Chairman of HNI Corporation, as a non-employee director effective February 1, 2024, filling a seat vacated by Wilson Jones's December 2023 retirement. The filing describes this as a board addition with no financial results or guidance included, so the direct effect on shareholders is limited to board composition and director pay.
Jeffrey D. Lorenger, age 58, appointed to the Board effective February 1, 2024, filling the seat vacated by Wilson Jones's December 2023 retirement
Board now has nine members; Lorenger joins the Environmental, Social, Governance, and Nominating Committee and the Compensation and Development Committee
Non-employee director pay includes a $170,000 annual cash retainer, paid quarterly, plus an annual restricted stock unit award vesting on the first anniversary of grant
THOR Industries reported first-quarter fiscal 2024 net sales of $2.50 billion, down from $3.11 billion a year earlier, and diluted earnings per share of $0.99, down from $2.53. The company reaffirmed its full-year fiscal 2024 guidance for net sales, gross profit margin and diluted earnings per share, but the filing says the guidance assumes a much stronger second half.
Net income attributable to THOR was $53.6 million, or $0.99 per diluted share, versus $136.2 million, or $2.53, in the first quarter of fiscal 2023.
North American Towable RV net sales fell 28.3% and North American Motorized RV net sales fell 36.7%, while European RV net sales rose 40.4%.
Full-year fiscal 2024 guidance reaffirmed: net sales of $10.5 billion to $11.0 billion and diluted EPS of $6.25 to $7.25.
After quarter-end, the term-loan maturity was extended from February 2026 to November 2030 and the ABL maturity from September 2026 to November 2028.
Thor Industries amended its term loan and asset-based lending (ABL) credit agreements with JPMorgan Chase Bank on November 15, 2023. The term loan margin was cut by 0.25%, the SOFR adjustment was removed, and maturity was extended to November 15, 2030, while the ABL maturity was extended to November 15, 2028. The changes lower borrowing costs and push out debt repayment dates, though covenants are largely unchanged.
Term loan applicable margin reduced by 0.25%: 1.75% for ABR loans, 2.75% for Term Benchmark loans
Term loan maturity extended to November 15, 2030; principal outstanding was $450 million (USD) and €330 million (Euro) as of November 15, 2023
ABL credit agreement maturity extended to November 15, 2028; total commitments remain at $1.0 billion
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