Reported Q: Q4 2024 Rev YoY: -7.5% EPS YoY: +0.6% Move: +0.19%
Thor Industries Inc
THO
$120.21 0.19%
Exchange NYSE Sector Consumer Cyclical Industry Auto Recreational Vehicles
Q4 2024
Published: Sep 24, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for THO

Reported

Report Date

Sep 24, 2024

Quarter Q4 2024

Revenue

2.53B

YoY: -7.5%

EPS

1.68

YoY: +0.6%

Market Move

+0.19%

Previous quarter: Q3 2024

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Earnings Highlights

  • Revenue of $2.53B down 7.5% year-over-year
  • EPS of $1.68 increased by 0.6% from previous year
  • Gross margin of 15.8%
  • Net income of 90.02M
  • "Transcript not provided" - N/A
THO
Company THO

Executive Summary

Thor Industries reported Q4 FY2024 results with revenue of $2.534 billion, down 7.5% year over year and down 9.5% quarter over quarter, reflecting ongoing cyclicality in the Consumer Cyclical RV space. Gross margin stood at 15.84%, down modestly from the prior quarter, while operating margin was 5.35% and net margin 3.55%, leading to net income of $90.0 million and EPS of $1.70 (diluted $1.68). EBITDA reached $218.96 million. The quarter featured robust cash generation: cash flow from operations of $338.0 million and free cash flow of $304.5 million, supporting a strong liquidity position and capital allocation that included roughly $25.3 million in share repurchases and $25.4 million of dividends, with net debt improving to about $0.63 billion on $0.50 billion of cash on hand. Thor’s balance sheet remained solid, with total assets of $7.021 billion and total debt of $1.134 billion, yielding a prudent leverage profile (debt to capitalization ~21.8%) and healthy interest coverage (~7.36x).

Looking ahead, the company did not issue formal forward guidance in the release. Management commentary (where available in transcripts) typically centers on mitigating cyclicality through cash generation, disciplined capital allocation, capacity alignment with demand, and strategic initiatives (including potential product mix shifts and European exposure). Investors should monitor RV demand trends, dealer inventory levels, input costs, supply chain dynamics, and backlog progression, as well as any incremental details on European expansion and product initiatives that could support margin resilience and growth in a volatile environment.

Key Performance Indicators

Revenue
Decreasing
2.53B
QoQ: -9.54% | YoY: -7.45%
Gross Profit
Increasing
401.33M
15.84% margin
QoQ: -15.36% | YoY: 1.78%
Operating Income
Decreasing
135.53M
QoQ: -17.01% | YoY: -12.31%
Net Income
Decreasing
90.02M
QoQ: -21.39% | YoY: -0.30%
EPS
Increasing
1.70
QoQ: -20.93% | YoY: 0.59%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 2,018.11 -0.01 -8.6% View
Q1 2025 2,142.78 -0.03 -14.3% View
Q4 2024 2,534.17 1.68 -7.5% View
Q3 2024 2,801.39 2.13 -4.4% View
Q2 2024 2,207.61 0.13 -5.9% View