Thor Industries Shares Surged: What You Need to Know (THO)

Thor Industries Shares Surged: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Thor Industries (NYSE: THO ) surged by as much as 21% today after the company reported fourth-quarter and full fiscal-year earnings last night ahead of analyst estimates.

So what: The maker of recreational vehicles put up quarterly revenue of $770.5 million, rising 16%, and net income of $36.9 million, or $0.66 per share. Net income fell from last year's $0.78 amid weak sales of motorhomes, but remained better than what Wall Street analysts were looking for. The consensus called for $769.1 million and $0.61 per share.

Now what: Shareholders are breathing a sigh of relief on optimistic earnings amid a challenging macro environment for RVs. Thor sees bus sales rising next year as the public-transportation market picks up and RV dealers continue to place orders. For the full fiscal year, net income landed at $106.3 million, or $1.92 per share, on revenue of $2.76 billion. It's encouraging for the company that it was able to grow top-line revenue by 21% as the broader economy has had its speed bumps and high gas prices take their toll on pricy RV sales.

Interested in more info on Thor Industries? Add it to your watchlist.

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Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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