Latest news with #NorthAmericanMotorized
Yahoo
6 days ago
- Business
- Yahoo
Recreational Vehicle Maker Thor's European Sales Hit By Dip, Cautions On Macro Outlook
Thor Industries, Inc. (NYSE:THO) shares are trading higher on Wednesday after the company reported third-quarter EPS of $2.53 beating the street consensus of $1.83. Quarterly sales of $2.89 billion, up 3.3% year over year (Y/Y), outpaced the analyst consensus estimate of $2.48 billion. Gross profit margin in the quarter under review expanded by 20 basis points year over year to 15.3%.Adjusted EBITDA increased 7.9% Y/Y to $254.8 million in the quarter. North American Towable Recreational Vehicle (RV) net sales increased 9.1% Y/Y, while North American Motorized RV net sales rose 3.1% Y/Y in the quarter. North American Towable RV net sales benefitted from 5.5% higher unit shipments and a 3.6% increase in net price per unit. Gross profit margin improved 200 basis points to 14.9%, attributed to higher sales, less discounting, better warranty costs, and ongoing savings. North American Motorized RV net sales increased due to a 10.9% rise in unit shipments (partly from promotions), though a 7.8% decrease in net price per unit (due to product mix shift and higher discounting) partially offset this. Gross profit margin fell to 10.5% from 11.1%, primarily owing to increased sales discounting. As of April 30, the order backlog for North American Towable RV stood at $634.3 million (-14.4%) and North American Motorized RV came in at $883.7 million (-4.5%). European RV net sales decreased 5.1% Y/Y for the quarter, led by a 12.2% decrease in unit shipments, which was offset in part by a 7.1% Y/Y increase in the overall net price per unit. European RV net sales fell due to a 12.2% drop in unit shipments, partially offset by a 7.1% increase in net price per unit. The price increase included a 6.8% rise from product mix and pricing changes, plus a 0.3% benefit from foreign currency exchange rates. European RV gross profit margin contracted 130 basis points to 16.2% on increased sales discounting. As of April 30, the order backlog for European RV came in at $1.34 billion (-30.6%). The company exited the quarter with cash and cash equivalents worth $508.3 million, with net inventories worth $1.35 billion. Long-term debt (net) at the end of the quarter stood at $1.01 billion. Todd Woelfer, senior VP and COO, said, 'As we anticipated and messaged at the beginning of our fiscal year, our North American Motorized and European segments have both seen year-over-year declines in gross margin but still achieved resilient results considering the challenging environments facing those segments.' 'While our consolidated margin this quarter was unfavorably impacted by actions we took to deepen our partnerships with key dealers, strategically, deepening these key relationships is vital to our long-term market position and these decisions favorably position THOR for the future as we look ahead,' Thor Industries reaffirmed its FY25 EPS guidance of $3.30 to $4.00 compared to analyst estimates of $3.59. The company also maintained its FY25 sales guidance at $9.00 billion to $9.50 billion versus the analyst estimate of $9.25 billion. Bob Martin, president and CEO, added, 'Our financial guidance assumed a stronger second half of our fiscal year, and our fiscal third quarter performance reflects the value of our strategies in the currently difficult market.' 'We expect the fourth quarter of our fiscal 2025 and the first quarter of our fiscal 2026 to be challenging. The current economic uncertainty has led to downward pressure on consumer confidence and has negatively impacted retail pull-through. We believe that upon the resolution of this uncertainty, we will see improved consumer confidence and the return of a strong retail environment,' he added. Year-to-date, the stock has declined around 11%. The short float for Thor Industries is 18.33%, according to data from Benzinga Pro. Price Action: THO shares are trading higher by 3.44% to $85.25 at last check Wednesday. Read Next:Image by Michael Gordon via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? THOR INDUSTRIES (THO): Free Stock Analysis Report This article Recreational Vehicle Maker Thor's European Sales Hit By Dip, Cautions On Macro Outlook originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Thor Industries (THO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Thor Industries (THO) reported $2.89 billion in revenue for the quarter ended April 2025, representing a year-over-year increase of 3.4%. EPS of $2.53 for the same period compares to $2.13 a year ago. The reported revenue represents a surprise of +10.71% over the Zacks Consensus Estimate of $2.61 billion. With the consensus EPS estimate being $1.79, the EPS surprise was +41.34%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Thor Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Units sales - Recreation Vehicles - European: 13,495 compared to the 13,054 average estimate based on four analysts. Units sales - Recreational Vehicles - North American Towable: 36,077 versus 36,196 estimated by four analysts on average. Units sales - Total: 55,079 versus the four-analyst average estimate of 53,379. Units sales - Total recreation Vehicles (Total North America): 41,584 versus the four-analyst average estimate of 40,324. Units sales - Recreational Vehicles - North American Motorized: 5,507 compared to the 4,128 average estimate based on four analysts. Net Sales- Recreational Vehicles- European: $883.54 million versus $829.37 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5.1% change. Net Sales- Recreational Vehicles- Total North America: $1.84 billion compared to the $1.59 billion average estimate based on five analysts. The reported number represents a change of +6.8% year over year. Net Sales- Recreational Vehicles- North American Towable: $1.17 billion compared to the $1.04 billion average estimate based on five analysts. The reported number represents a change of +9.1% year over year. Net Sales- Total Recreational Vehicles: $2.72 billion compared to the $2.42 billion average estimate based on five analysts. The reported number represents a change of +2.6% year over year. Net Sales- Recreational Vehicles- North American Motorized: $666.69 million versus $547.85 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.1% change. Net Sales- Intercompany eliminations: -$82.72 million versus -$61.44 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +28.2% change. Net Sales- Other: $258.43 million compared to the $225.68 million average estimate based on three analysts. The reported number represents a change of +19.5% year over year. View all Key Company Metrics for Thor Industries here>>>Shares of Thor Industries have returned +11% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Thor Industries, Inc. (THO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
09-04-2025
- Automotive
- Yahoo
Q4 Earnings Outperformers: THOR Industries (NYSE:THO) And The Rest Of The Automobile Manufacturing Stocks
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how THOR Industries (NYSE:THO) and the rest of the automobile manufacturing stocks fared in Q4. Much capital investment and technical know-how are needed to manufacture functional, safe, and aesthetically pleasing automobiles for the mass market. Barriers to entry are therefore high, and auto manufacturers with economies of scale can boast strong economic moats. However, this doesn't insulate them from new entrants, as electric vehicles (EVs) have entered the market and are upending it. This has forced established manufacturers to not only contend with emerging EV-first competitors but also decide how much they want to invest in these disruptive technologies, which will likely cannibalize their legacy offerings. The 7 automobile manufacturing stocks we track reported a strong Q4. As a group, revenues beat analysts' consensus estimates by 6.1%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 21.9% since the latest earnings results. Created through the acquisition and merger of various RV manufacturers, THOR Industries manufactures and sells a range of recreational vehicles, including motorhomes and travel trailers, catering to consumers seeking the freedom and comfort of the RV lifestyle. THOR Industries reported revenues of $2.02 billion, down 8.6% year on year. This print exceeded analysts' expectations by 1.1%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts' adjusted operating income estimates. 'At the beginning of fiscal 2025, we foresaw that the first half of our fiscal year would be challenging and that certainly has proven to be accurate. Our focus on maintaining a healthy balance between wholesale and retail activity enabled our segments to hold margins reasonably well with consolidated gross margins for the second quarter of fiscal 2025 at 12.1% compared to 12.3% for the prior-year period. As we anticipated and messaged at the beginning of our fiscal year, our North American Motorized and European segments have both seen a year-over-year decline in gross margins while our North American Towable segment has seen meaningful improvement on a year-over-year basis, with gross margins up 370 basis points over the same quarter last year. Our consolidated margin this quarter was also impacted by actions we took to deepen our partnerships with key dealers. Strategically, deepening these key relationships is important to our long-term market position. These strategic decisions position THOR well as we look ahead. The takeaway for this quarter and for the first half of our fiscal year is that we performed as we expected,' said Todd Woelfer, Senior Vice President and Chief Operating Officer. The stock is down 32% since reporting and currently trades at $64.83. Read our full report on THOR Industries here, it's free. Established to make automobiles accessible to a broader segment of the population, Ford (NYSE:F) designs, manufactures, and sells a variety of automobiles, trucks, and electric vehicles. Ford reported revenues of $48.21 billion, up 4.9% year on year, outperforming analysts' expectations by 5.5%. The business had a stunning quarter with a solid beat of analysts' sales volume and EBITDA estimates. The stock is down 12.3% since reporting. It currently trades at $8.77. Is now the time to buy Ford? Access our full analysis of the earnings results here, it's free. Originally founded by Martin Eberhard and Marc Tarpenning in 2003, Tesla (NASDAQ:TSLA) is an electric vehicle company accelerating the world's transition to sustainable energy. Tesla reported revenues of $25.71 billion, up 2.1% year on year, falling short of analysts' expectations by 6%. It was a disappointing quarter as it posted a significant miss of analysts' operating income and EPS estimates. Tesla delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 40.6% since the results and currently trades at $230.65. Read our full analysis of Tesla's results here. Founded in 1908 by William C. Durant, General Motors (NYSE:GM) offers a range of vehicles and automobiles through brands such as Chevrolet, Buick, GMC, and Cadillac. General Motors reported revenues of $47.7 billion, up 11% year on year. This result beat analysts' expectations by 8%. Overall, it was a very strong quarter as it also produced an impressive beat of analysts' sales volume estimates and full-year EPS guidance exceeding analysts' expectations. The stock is down 22.2% since reporting and currently trades at $42.83. Read our full, actionable report on General Motors here, it's free. Founded by a former Tesla Vice President, Lucid Group (NASDAQ:LCID) designs, manufactures, and sells luxury electric vehicles with long-range capabilities. Lucid reported revenues of $234.5 million, up 49.2% year on year. This print topped analysts' expectations by 10.8%. It was an exceptional quarter as it also logged an impressive beat of analysts' sales volume and EPS estimates. Lucid delivered the fastest revenue growth among its peers. The stock is down 10% since reporting and currently trades at $2.35. Read our full, actionable report on Lucid here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. 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