NYSE$THO
Thor Industries Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Demonstrated solid execution and ability to consistently perform through changing market conditions.
Thor Industries' Q4 results showed strong performance in the European segment and solid execution in North America amidst a down-cycle. The company focused on reducing channel inventory and managing costs, leading to a strong cash flow and debt reduction.
- European segment achieved another quarter of record performance.
- North American operating teams made progress reducing and rebalancing channel inventory.
- Teams assisted independent dealers in destocking approximately 25,500 units of THOR products from channel inventory during the fiscal fourth quarter.
- Company generated $507.5 million of cash from operations.
Headline financials
Revenue & EPS history
Thor · Revenue · Quarterly
$2.74B
Revenue by segment
Thor · $2.72B total across 3 segments · Q3 2025
- North American Towable$1.17B—43.0%
- European$884M—32.5%
- North American Motorized$667M—24.5%
Forward guidance
Company is cautious on the global economic outlook and associated impacts on consumer demand. The Company remains committed to driving gross profit margin improvement while enacting strategies to reduce its wholesale pricing to drive consumer demand and ensuring channel inventory of THOR products remains appropriate.
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 2023
+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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