NYSE$THO
Thor Industries Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Thor Industries reported record second-quarter revenues, improved gross profit margin, and a growing order backlog.
Thor Industries announced strong second-quarter results with record revenues of $2.0 billion, a gross profit margin improvement of 180 basis points, and diluted earnings per share of $0.52. The company's performance was driven by increased sales in the North American Towable RV segment and the addition of net sales from the European RV segment. The company is closely monitoring Coronavirus.
- Net sales for the second quarter were $2.0 billion, up 55.2% compared to the prior year.
- Gross profit margin improved to 12.8%, an increase of 180 basis points year-over-year.
- Diluted earnings per share increased to $0.52, compared to a loss of $(0.10) per diluted share in the prior year.
- Independent dealer inventory levels in North America decreased by 16.5% year-over-year.
Headline financials
Revenue & EPS history
Thor · Revenue · Quarterly
$2B
Revenue by segment
Thor · $1.96B total across 3 segments · Q2 2020
- North American Towable$984M+11.6%50.1%
- European$637M—32.4%
- North American Motorized$344M-7.5%17.5%
Forward guidance
Absent the uncertainties related to coronavirus, as we enter the peak selling quarters of our fiscal year in both North America and Europe, we are optimistic about our Company, our products and the global RV marketplace
Tailwinds
- New Class B products are performing well at retail.
- Dealer inventories have largely rationalized and are building ahead of the peak selling season.
- Record attendance at several early-season RV consumer shows in North America and Europe.
- Germany, Europe's leading RV market, continues to report strong RV industry growth.
- Delivered solid results for the first half of the fiscal year.
Headwinds
- Sharp increase in concern and market reaction related to the coronavirus.
- Potential effect on supply chains, particularly for materials sourced from China or other areas facing increased infection rates.
- Potential impact on domestic and global economies.
- Monitoring the situation on a daily basis and putting in place various action items, including travel limitations.
- Evaluating and arranging alternative supply sources for all critical parts with potential supply concerns.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2020
+0.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-1.1%
Avg return
30 days after
46%
31 / 68 earnings
Positive
+18.7%
Q3 2023
Best reaction
-18.7%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +3.1% | +0.0% | — | |
| 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 2010 | -11.3% | — | — | |
| Q1 2011 | -11.3% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro