Thor Reports Strong Growth In Net Sales, Gross Profit Margin, And Earnings Per Share For The First Quarter Of Fiscal 2021
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Thor Industries (THO) Tops Q1 EPS by 49c, Revenues Beat
December 8, 2020 6:32 AM ESTThor Industries (NYSE: THO) reported Q1 EPS of $2.05, $0.49 better than the analyst estimate of $1.56. Revenue for the quarter came in at $2.54 billion versus the consensus estimate of $2.37 billion.
Net sales for the first quarter were $2.54 billion, an increase of 17.5%. First-quarter results include $1.89 billion in North American RV net sales and $602.5 million in European RV net sales.Consolidated gross profit margin for the first quarter was 14.9%, a 60 basis point improvement over the prior-year period.Net income attributable to THOR for the first quarter increased 122.8% to $113.8 million, or $2.05 per diluted... More