THOR Industries announces financial results for fiscal 2026 Q1, with revenue reaching $2.39 billion.
Company's net income attributable to THOR stood at $21.7 million during the quarter.
Adjusted EBITDA for the quarter reached $131.0 million, showcasing financial stability.
Revenue Growth
Revenue increased by 11.5% compared to the same period last year.
Improved Market Share
THOR's North American market share improved for the second consecutive fiscal quarter.
Gross Profit Margin Expansion
Consolidated gross profit margin expanded by 30 basis points despite market challenges.
Dealer Inventory Management
THOR maintains appropriate dealer inventory levels, positioning advantageously for a potential market uptick.
Strategic Initiatives
The company's strategic actions streamline the business, reflected in the improved financial performance.
- THOR Industries accomplished revenue growth and improved market share amidst a challenging market backdrop.
- The company's focus on streamlining operations led to a 14% increase in gross profit compared to the previous year.
- Effective dealer inventory management and strategic initiatives contributed to the overall positive financial results for the quarter.
THOR Industries remains optimistic about its future prospects, with a strong finish in fiscal Q1. The company's strategic actions and financial stability position it well for growth and resilience in the market.