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AI brief of an SEC Form 8-K · Thor Industries (THO)

THOR Industries cuts fiscal 2024 EPS guidance to $5.00-$5.50 as quarterly sales and profit fall

Negative Impact 4 of 5 guidance Written later

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.

Key points

  • 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.

The filing

CompanyThor Industries (THO)
Form8-K, current report
Filed with the SECMar 6, 2024, 6:31 AM ET
Accession number0001171843-24-001206

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.