=Thor Industries (THO) reported earnings on Thur 20 Sept 18 (b/o)

Thor Industries misses by $0.36, beats on revs; sees tough comps in 1H19 

• Reports Q4 (Jul) earnings of $1.67 per share, $0.36 worse than the S&P Capital IQ Consensus of $2.03; revenues fell 3.2% year/year to $1.87 bln vs the $1.85 bln S&P Capital IQ Consensus. Net sales for the fourth quarter were flat for the Towable segment, down 13.2% for the Motorized segment and declined 3.1% overall. Overall gross profit margin decreased to 13.0% compared to 15.6% in the prior year.
• "Our fourth quarter results reflect the actions taken during the period to balance dealer inventory levels," added Martin. "We believe our reduced production levels, combined with higher promotional costs and solid retail demand, have improved the position of our dealers' inventories as they enter the new model year and prepare for the upcoming Dealer Open House. "While labor costs began to moderate during the latter part of fiscal 2018, they remained elevated on a year-over-year basis.
• "However, due to dealer order strength experienced in the first half of fiscal 2018, we are planning for tougher year-over-year comparisons in the first half of fiscal 2019 with more favorable top-line growth rates in the second half of the fiscal year. Similar to the quarterly progression of our top line, we anticipate gross margin pressure to be greater in the first half of the year... Although we expect to have some near-term growth challenges, our industry's end-market demand trends continue to remain very favorable."

Earnings expected this week : Sept 17 - 21, 18 (wk 38)

Earnings confirmed for this week

Monday (Sept 17) 

• Morning: None
• Afternoon: FDX  ORCL

Tuesday (Sept 18)

• Morning: APOG AZO CBRL GIS 
• Afternoon: None

Wednesday (Sept 19)

• Morning: CPRT
• Afternoon: MLHR  RHT

Thursday (Sept 20)

• Morning: DRI   THO
• Afternoon: MU  SCS  UNFI

Friday (Sept 21)

• Morning: None

=Thor Industries (THO) reported earnings on Mon 5 June 17 (a/h)

Thor Industries beats by $0.25, beats on revs :

• Reports Q3 (Apr) earnings of $2.11 per share, $0.25 better than the Capital IQ Consensus of $1.86; revenues rose 56.9% year/year to $2.02 bln vs the $1.96 bln Capital IQ Consensus.
• As anticipated, due primarily to acquisition-related dilution and market-driven changes in product mix, gross profit margins decreased to 14.6% in the third quarter compared to 15.7% in the prior-year period.
• The strong growth in revenues and earnings was a combination of organic growth in both towable and motorized RVs, and the inclusion of the results from Jayco, which was acquired on June 30, 2016.
• As a result of this significant increase in demand, we continue to expand capacity in a prudent, measured approach that will allow us to be nimble and flexible as market conditions and product demand change. Currently, we have new plants or expansion projects underway at nearly every Thor subsidiary, which will begin contributing to our overall production capacity in the fourth quarter of fiscal 2017 and early fiscal 2018. As Thor and other industry players add capacity, the labor market in Northern Indiana, particularly in Elkhart, has become more competitive as we compete for qualified workers in an area with low unemployment. Our team's foresight into this issue has resulted in several initiatives designed to minimize the impact of the labor challenges. When possible, we have focused our expansion efforts in outlying areas, such as Howe, Middlebury and Goshen, Indiana, where we can draw from a different geographic labor pool.

Thor Industries (THO) reported earnings Mon 30 Nov 2015 (a/h)

** charts before earnings **

** charts after earnings **

 Thor Industries beats by $0.14, beats on revs:

• Reports Q1 (Oct) earnings of $0.97 per share, $0.14 better than the Capital IQ Consensus of $0.83; revenues rose 11.7% year/year to $1.03 bln vs the $1.01 bln Capital IQ Consensus. Gross profit margins increased to 14.8% in the first quarter compared to 12.8% in the prior-year period.