NYSE$THO
Thor Industries Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
THOR Industries reported record net sales and diluted earnings per share for the first quarter of fiscal 2022.
THOR Industries reported record first-quarter results, with net sales reaching $3.96 billion, a 56.0% increase year-over-year, and earnings per share of $4.34, up 111.7% from the prior year. The company's performance reflects strong demand for RV products and successful navigation of supply chain challenges.
- Net sales for the first quarter were $3.96 billion, a 56.0% increase compared to the prior fiscal year.
- Gross profit margin for the first quarter was 16.6%, a 170 basis-point improvement year-over-year.
- Earnings per share for the first quarter were $4.34 per diluted share, a 111.7% increase year-over-year.
- Consolidated RV backlog as of October 31, 2021, was $18.07 billion, an increase of over 100% compared to the prior year.
Headline financials
Revenue & EPS history
Thor · Revenue · Quarterly
$3.96B
Revenue by segment
Thor · $3.8B total across 3 segments · Q1 2022
- North American Towable$2.24B+61.2%59.0%
- North American Motorized$925M+87.3%24.4%
- European$633M+5.1%16.7%
Forward guidance
Thor expects continued supply chain constraints, logistical challenges and cost pressures. However, the company expects to continue to excel at its top and bottom lines. Thor is confident that fiscal year 2022 will be another year of meaningful growth.
Tailwinds
- Continued strategic operational execution
- Integration of recent acquisitions
- Positive outlook for the RV industry
- Record backlog levels providing visibility beyond this fiscal year
- Expects to outperform the market
Headwinds
- Continued supply chain constraints
- Logistical challenges
- Cost pressures
- Global revenue mix normalization may pressure gross margins
- Cost increases continue to occur
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-1.1%
Avg return
30 days after
45%
30 / 67 earnings
Positive
+18.7%
Q3 2023
Best reaction
-18.7%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -6.6% | -9.8% | -19.2% | |
| Q1 2026 | -9.4% | -5.7% | -4.3% | |
| Q4 2025 | +6.2% | +2.6% | +8.4% | |
| Q3 2025 | +0.0% | +3.2% | +6.4% | |
| Q2 2025 | -14.5% | -13.8% | -25.0% | |
| Q1 2025 | -4.1% | -2.5% | -10.9% | |
| Q4 2024 | +3.1% | +6.6% | +1.5% | |
| Q3 2024 | +1.7% | +0.8% | -4.1% | |
| Q2 2024 | -15.9% | -18.4% | -11.2% | |
| Q1 2024 | +4.0% | +5.9% | +7.1% | |
| Q4 2023 | -0.1% | +2.4% | -5.7% | |
| Q3 2023 | +18.7% | +18.1% | +27.7% | |
| Q2 2023 | -4.5% | -10.1% | -17.7% | |
| Q1 2023 | -6.4% | -0.1% | -0.9% | |
| Q4 2022 | -4.0% | -2.8% | +15.1% | |
| Q3 2022 | +0.5% | -8.1% | +8.5% | |
| Q2 2022 | +4.5% | -2.7% | -3.8% | |
| Q1 2022 | -3.5% | -4.1% | +0.0% | |
| Q4 2021 | +13.0% | +12.4% | -7.7% | |
| Q3 2021 | -0.7% | -2.5% | -7.9% | |
| Q2 2021 | +3.0% | +8.5% | +5.4% | |
| Q1 2021 | -4.4% | -3.4% | +3.3% | |
| Q4 2020 | +1.1% | +7.2% | -5.6% | |
| Q3 2020 | +10.8% | +6.8% | +1.5% | |
| Q2 2020 | -18.7% | -28.8% | -32.2% | |
| Q1 2020 | +0.4% | +1.6% | +3.0% | |
| Q4 2019 | +15.6% | +12.6% | +33.2% | |
| Q3 2019 | +0.0% | -1.8% | +3.4% | |
| Q2 2019 | -2.0% | +2.4% | -0.7% | |
| Q1 2019 | -4.0% | -12.4% | -15.9% | |
| Q4 2018 | -15.7% | -18.2% | -28.9% | |
| Q3 2018 | +5.2% | +5.9% | +3.4% | |
| Q2 2018 | -1.0% | +4.3% | -7.1% | |
| Q1 2018 | +12.6% | +10.6% | +11.0% | |
| Q4 2017 | +5.0% | +9.1% | +15.1% | |
| Q3 2017 | +11.3% | +9.3% | +12.0% | |
| Q2 2017 | -8.7% | -12.6% | -20.3% | |
| Q1 2017 | +12.3% | +11.9% | +11.2% | |
| Q4 2016 | +4.9% | +3.7% | -1.3% | |
| Q3 2016 | +6.4% | +3.3% | +7.6% | |
| Q2 2016 | +6.3% | — | — | |
| Q1 2016 | +5.1% | — | — | |
| Q4 2015 | -5.0% | — | — | |
| Q3 2015 | -7.6% | — | — | |
| Q2 2015 | -1.6% | — | — | |
| Q1 2015 | -5.5% | — | — | |
| Q4 2014 | -0.9% | — | — | |
| Q3 2014 | -3.8% | — | — | |
| Q2 2014 | +3.0% | — | — | |
| Q1 2014 | -0.9% | — | — | |
| Q4 2013 | +3.2% | — | — | |
| Q3 2013 | +12.3% | — | — | |
| Q2 2013 | -1.6% | — | — | |
| Q1 2013 | -9.6% | — | — | |
| Q4 2012 | +6.3% | — | — | |
| Q3 2012 | -3.5% | — | — | |
| Q2 2012 | +4.8% | — | — | |
| Q1 2012 | -2.5% | — | — | |
| Q4 2009 | +14.5% | — | — | |
| Q4 2011 | +14.5% | — | — | |
| Q4 2010 | +14.5% | — | — | |
| Q3 2010 | -1.6% | — | — | |
| Q3 2011 | -1.6% | — | — | |
| Q2 2011 | -2.4% | — | — | |
| Q2 2010 | -11.3% | — | — | |
| Q1 2011 | -11.3% | — | — | |
| Q1 2010 | -11.3% | — | — |
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