Thor Industries Q1 Profit Soars; Results Top Estimates - Quick Facts

(RTTNews) - Thor Industries, Inc. (THO), manufacturer of recreational vehicles, reported Wednesday that net income attributable to the company for the first quarter more than doubled to $242.24 million or $4.34 per share from $113.76 million or $2.05 per share in the prior-year quarter.

Net sales for the quarter also surged 56.0 percent to $3.96 billion from $2.4 billion in the same quarter last year. The sales include $2.24 billion for the North American Towable RV segment, $925.0 million for the North American Motorized RV segment and $633.0 million for the European RV segment.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $3.24 per share on net sales of $3.46 billion for the quarter. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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