THOR Industries Q3 Sales Drop 3.9%, EPS Guidance Cut to $3.30–$3.80
THO•THOR Industries reported fiscal Q3 net sales of $2.78 billion (–3.9%) and net income of $97.2 million (–28.1%), with motorized and European segment sales rising 7.7% and 3.6% respectively on durable RV demand. The company repurchased $50.5 million of shares and trimmed full-year EPS guidance to $3.30–$3.80 from $3.75–$4.25.
1. Q3 Financial Results
THOR Industries reported third-quarter net sales of $2.781 billion, down 3.9% year-over-year, gross profit of $354.8 million (down 19.9%), net income attributable to THOR of $97.2 million (down 28.1%), diluted EPS of $1.86 (down 26.5%), and EBITDA of $209.1 million (down 10.3%). Adjusted EBITDA was $183.6 million, excluding nonrecurring items.
2. Segment Performance
North American motorized segment net sales rose 7.7% and European segment sales increased 3.6% on a constant currency basis, demonstrating resilient demand for RV motorized products. However, the North American towable segment faced volume declines and material cost pressures from tariffs and inflation.
3. Share Repurchase and Guidance Update
The company repurchased $50.5 million of shares during the quarter and maintained full-year net sales guidance at $9.0–$9.5 billion. Full-year diluted EPS guidance was trimmed to $3.30–$3.80 from $3.75–$4.25 in response to persistent macroeconomic headwinds.
