Thor Industries (NYSE:THO) misses Q3 revenue and earnings consensus

Start trading
Updated: 10 June 2019
  • Indiana-based company posts $1.65 non-GAAP EPS, $2.15B revenue on Monday
  • “Seen improvements” in North American segments
  • Targets European expansion in FY2020

Thor Industries (NYSE:THO) delivered an 11.6% Y/Y rise in net sales ($2.15 billion) in Q3, but the record return still fell short of the analyst consensus.

The recreational vehicle company missed revenue forecasts by $90 million and came in a single penny short with non-GAAP EPS of $1.65. THO said its returns were impacted by purchase-accounting, acquisition-related and ongoing incremental costs following the completion of a deal to acquire EHG in February.

“EHG made a significant contribution to our top-line results for the quarter, and as we move through some of the transitional costs, we look forward to EHG's meaningful contribution to our bottom line as well,” CEO Bob Martin said.