Thor Industries Earnings: Here’s Why Shares are Up Now
Thor Industries Inc. (NYSE:THO) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.82%.
Thor Industries Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 23.81% to $1.04 in the quarter versus EPS of $0.84 in the year-earlier quarter.
Revenue: Rose 2.9% to $914 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Thor Industries Inc. reported adjusted EPS income of $1.04 per share. By that measure, the company beat the mean analyst estimate of $0.95. It missed the average revenue estimate of $964.54 million.
Quoting Management: “We are pleased to end fiscal 2013 on a positive note with continued momentum in sales and earnings,” said Bob Martin, Thor President and Chief Executive Officer. “The recent actions we’ve taken to divest non-core businesses and expand our RV business through acquisition leave us optimistic about the future of Thor. At the recently completed Open House in Elkhart, we were able to showcase a number of new products from all of our RV subsidiaries as well as new products from our recently acquired Livin’ Lite subsidiary, reinforcing our leadership in innovation in the RV industry.”
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