Wed, Jun 4, 10:34 AM (20 days ago)
**Thor Industries, Inc. (THO) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $2.89 billion, up 3.3% YoY, driven by North American Towable and Motorized segments. - **Profit Margins:** Gross margin at 15.3%, operating margin at 5.4%. - **Cash Flow:** Operating cash flow at $319.2 million, up from $207.5 million YoY. - **Earnings:** Net income at $133.9 million, up from $113.6 million YoY. **Segment Performance:** - **North American Towable:** Revenue up 9.1%, gross profit up 26.2%. - **North American Motorized:** Revenue up 3.1%, gross profit down 2.0%. - **European:** Revenue down 5.1%, gross profit down 12.3%. **Trends & Uncertainties:** - **Market Share:** THO maintains strong market share in North America and Europe. - **Economic Factors:** Inflation, interest rates, and supply chain issues impact demand and costs. - **Future Operations:** THO focuses on debt reduction, dividend growth, and strategic acquisitions. **Liquidity & Capital Resources:** - **Cash Position:** $508.3 million in cash and cash equivalents. - **Capital Expenditures:** $85.1 million for the nine months ended April 30, 2025. - **Debt:** Net long-term debt at $1.01 billion, with available revolving credit facility. **Market Risks:** - **Currency Exchange:** Significant exposure to Euro and British Pound Sterling. - **Interest Rates:** Sensitivity to interest rate changes. **Controls & Procedures:** - Effective disclosure controls and procedures in place. - No material changes in internal controls over financial reporting. **Legal & Risk Factors:** - Ongoing litigation and risk factors as disclosed in the annual report. - Potential impacts from tax rate changes, tariffs, and supply chain disruptions.