Thor Industries (THO) Tops Q1 EPS by 26c
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Thor Announces Record Results for Fiscal 2017 First Quarter
November 28, 2016 4:15 PM ESTELKHART, Ind., Nov. 28, 2016 /PRNewswire/ -- Thor Industries, Inc. (NYSE: THO) today announced record first-quarter net income of $78.7 million, or $1.49 per diluted share, on record revenues of $1.71 billion for the first quarter ended October 31, 2016. Gross profit increased 55.5% to $236.8 million, though gross profit margins decreased modestly to 13.9% in the first quarter compared to 14.8% in the prior-year period, due primarily to acquisition-related dilution. Net income increased 55.9% on sales growth of 65.8% when compared with the first quarter of last year.  Diluted earnings per share for the fiscal 2017 first quarter increased 55.2% from the previous year.Â
"Fiscal 2017... More
