Thor Industries Q2 Sales Rise 5.3% to $2.13B with $17.8M Profit
Thor Industries posted fiscal 2026 Q2 net sales of $2.13B, up 5.3% year-over-year, with adjusted EBITDA rising 12.7% to $98.1M and net income of $17.8M. The company reduced debt by $47.1M, repurchased $25.2M shares, held full-year sales guidance at $9.0-9.5B and announced a strategic realignment of North American RV operations.
1. Q2 Financial Results
Thor Industries reported net sales of $2.13 billion for the quarter ended January 31, a 5.3% increase year-over-year. Gross profit reached $251.3 million (11.8% margin), net income attributable to Thor Industries was $17.8 million ($0.34 EPS), and adjusted EBITDA rose 12.7% to $98.1 million.
2. Segment Performance
North American motorized results led top- and bottom-line growth, while towable margins remained stable despite lower volumes. Supply businesses saw marked gains in sales and gross profit margin, and the European segment faced pressure from aggressive pricing and incurred restructuring costs aimed at long-term margin improvements.
3. Strategic Realignment
On February 23, Thor Industries announced a strategic realignment of its North American RV operations designed to optimize efficiency, enhance brand collaboration and leverage data integration. The initiative builds on prior restructuring steps and is expected to drive future synergies for dealers, consumers and shareholders.
4. Capital Allocation and Guidance
The company reduced debt by $47.1 million, repurchased $25.2 million of shares and paid $54.8 million in dividends during the first half of fiscal 2026. Full-year guidance remains unchanged with net sales projected at $9.0–9.5 billion and diluted EPS of $3.75–4.25.