NYSE$THO
Thor Industries Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Net sales increased, gross profit margin improved, and earnings per share increased for the fourth quarter of fiscal 2020.
Thor Industries reported increased net sales of $2.32 billion, improved gross profit margin of 14.9%, and higher earnings per share of $2.14 for the fourth quarter of fiscal 2020. The company also reported a record backlog of $5.74 billion at the end of fiscal year 2020.
- Net sales for the fourth quarter were $2.32 billion.
- Fourth-quarter results include $1.55 billion in North American RV net sales and $739.9 million in European RV net sales.
- Consolidated gross profit margin for the fourth quarter was 14.9%, a 0.5% improvement over the prior year.
- Net income attributable to Thor for the fourth quarter was $119.2 million, or $2.14 per diluted share.
Headline financials
Revenue & EPS history
Thor · Revenue · Quarterly
$2.32B
Revenue by segment
Thor · $2.29B total across 3 segments · Q4 2020
- North American Towable$1.18B—51.6%
- European$740M—32.4%
- North American Motorized$367M—16.0%
Forward guidance
Thor Industries anticipates continued growth in fiscal year 2021, aligning with RVIA's forecast of an approximate 19.5% increase in calendar 2021 shipments over the estimated calendar 2020 shipments. The company is working to manage supply chain constraints and remains positive about the short-term and long-term outlook.
Tailwinds
- Strong balance sheet
- Record backlogs
- Dealer inventories at historic lows
- Considerable interest in the RV lifestyle from first-time buyers
- Continued strength in the upgrade buyer
Headwinds
- Challenges and constraints in the supply chain
- Suppliers ramping up to meet the unexpectedly high level of demand from manufacturers
- Potential impacts to production schedules
- Managing through peaks and valleys of demand and supply constraints
- Temporary supply chain issues
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 Q4 2020
+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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