NYSE$THO
Thor Industries Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Thor Industries reported a profit and positive net cash from operations for the third quarter of fiscal 2020.
Thor Industries reported net sales of $1.68 billion for the third quarter of fiscal 2020. Net income attributable to Thor was $24.1 million, with diluted earnings per share of $0.43. The company's financial position remained strong due to management actions and a variable cost structure.
- Net sales for the third quarter were $1.68 billion.
- Third-quarter results include $1.04 billion in North American RV sales and $615.3 million in European RV net sales.
- Gross profit margin for the third quarter was 12.2%.
- Net income attributable to Thor for the third quarter was $24.1 million.
Headline financials
Revenue & EPS history
Thor · Revenue · Quarterly
$1.68B
Revenue by segment
Thor · $1.65B total across 3 segments · Q3 2020
- North American Towable$773M—46.8%
- European$615M—37.2%
- North American Motorized$264M—16.0%
Forward guidance
The outlook for the balance of the fiscal year and the calendar year has markedly improved with an influx of first-time buyers and dealers reporting a significant improvement in sales.
Tailwinds
- Market indicators in North America are increasingly positive.
- Dealers reporting a significant improvement in sales from April to May.
- Restarted production in the first week of May in North America.
- Long-term outlook for future growth in retail sales remains positive in Europe.
- An influx of first-time buyers bodes well for the long-term health of the RV industry.
Headwinds
- Events of this quarter were unexpected and difficult.
- COVID-19 and related governmental mandates had a significant negative impact.
- Retail consumers were under strict shelter-in-place requirements.
- Operations of independent dealers were disrupted.
- Supply constraints from chassis manufacturers and component parts vendors in Europe.
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 Q3 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% | — | — |
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