THOR Industries cuts fiscal 2024 EPS guidance to $4.50-$4.75 after Q3 profit dip
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.
Key points
- 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.
The filing
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 June 05, 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.