Thor Industries Inc. (THO - Free Report) reported second-quarter fiscal 2017 (ended Jan 31, 2017) earnings of $1.23 per share that missed the Zacks Consensus Estimate of $1.26. Net income from continuing operations increased 45.6% to $64.8 million from $45.2 million in the prior-year quarter.
Revenues rose 62.9% year over year to a second quarter record of $1.59 billion, surpassing the Zacks Consensus Estimate of $1.51 billion. The year-over-year improvement was driven by higher organic growth, along with benefits from the Jayco’s acquisition.
Gross profit improved 42.3% to $211.7 million from $148.8 million in second-quarter fiscal 2016. Gross profit margin was 13.3% compared with 15.3% in the year-ago quarter, due to acquisition-related dilution.
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Thor Industries Inc. (THO - Free Report) reported second-quarter fiscal 2017 (ended Jan 31, 2017) earnings of $1.23 per share that missed the Zacks Consensus Estimate of $1.26. Net income from continuing operations increased 45.6% to $64.8 million from $45.2 million in the prior-year quarter.
Revenues rose 62.9% year over year to a second quarter record of $1.59 billion, surpassing the Zacks Consensus Estimate of $1.51 billion. The year-over-year improvement was driven by higher organic growth, along with benefits from the Jayco’s acquisition.
Gross profit improved 42.3% to $211.7 million from $148.8 million in second-quarter fiscal 2016. Gross profit margin was 13.3% compared with 15.3% in the year-ago quarter, due to acquisition-related dilution.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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