Thor Industries (THO) Tops Q2 EPS by 1c
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Thor Announces Record Results For Second Quarter And First Six Months Of Fiscal 2017
March 6, 2017 4:15 PM ESTELKHART, Ind., March 6, 2017 /PRNewswire/ -- Thor Industries, Inc. (NYSE: THO) today announced record second-quarter net income of $64.8 million, or $1.23 per diluted share, on record revenues of $1.59 billion for the second quarter ended January 31, 2017. Gross profit increased 42.3% to $211.7 million, though gross profit margins decreased to 13.3% in the second quarter compared to 15.3% in the prior-year period, due primarily to acquisition-related dilution. Net income increased 45.0% on sales growth of 62.9% when compared with the second quarter of last year.  This strong growth was a combination of organic growth as well as the inclusion of results... More
