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Thor Q3 Earnings Surpass Expectations, Revenues Rise Y/Y

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Thor Industries, Inc. (THO - Free Report) reported earnings of $2.53 per share for the third quarter of fiscal 2025 (ended April 30), beating the Zacks Consensus Estimate of earnings of $1.79. The company reported earnings of $2.13 per share in the corresponding quarter of fiscal 2024.

Thor registered revenues of $2.89 billion for the fiscal third quarter, beating the Zacks Consensus Estimate of $2.61 billion. The top line climbed 3.2% year over year.

Thor Industries, Inc. Price, Consensus and EPS Surprise

Thor Industries, Inc. Price, Consensus and EPS Surprise

Thor Industries, Inc. price-consensus-eps-surprise-chart | Thor Industries, Inc. Quote

Segmental Results

North American Towable RVs: Revenues from the segment came in at $1,168.9 million, up 9.1% year over year, driven by an increase in unit shipments and overall net price per unit. The figure also beat our estimate of $979.8 million.

Gross profit totaled $174.3 million, up 26.2% year over year. The pretax income totaled $97.6 million, up from $68.4 million recorded in the year-ago period, primarily fueled by an increase in net sales and improvement in gross profits. The unit’s total backlog was $634.3 million at the quarter's end, down from $741.3 million as of April 30, 2025.

North American Motorized RVs: Revenues from the segment totaled $666.7 million, which grew 3.1% year over year, owing to an increase in unit shipments. The figure surpassed our estimate of $558.9 million.

Gross profit totaled $70.3 million, down 2% year over year due to an increase in sales discounting. Consequently, pretax profit came in at $32.9 million, down 0.9% from the year-ago period. The segment’s backlog was $883.7 million, down from $925.8 million as of April 30, 2025.

European RVs: Revenues from the segment came in at $883.5 million, down 5.1% from the year-ago period due to a decline in unit shipments. The figure also missed our estimate of $934.8 million.

Gross profit of $142.8 million fell 12.3% year over year. The segment reported a pretax income of $46.3 million, lower than the year-ago pretax income of $77.4 million. The backlog of the segment was $1.34 billion, which declined from $1.94 billion recorded as of April 30, 2025.

(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)

Financials

As of April 30, 2025, Thor had cash and cash equivalents of $508.3 million and long-term debt of $1 billion.

The company reported an operating cash inflow of $257.7 million compared with $251.7 million reported in the corresponding quarter of 2024.

Thor Reiterates Fiscal 2025 Guidance

Thor projects its fiscal 2025 consolidated net sales in the range of $9-$9.5 billion, the same as the previously estimated range. The consolidated gross profit margin is expected to be in the band of 13.8-14.5%. EPS is expected to be in the range of $3.30-$4.

THO’s Zacks Rank

THO currently carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Key Releases From the Auto Space

Autoliv Inc. (ALV - Free Report) reported first-quarter 2025 adjusted earnings of $2.15 per share, which beat the Zacks Consensus Estimate of $1.72 and rose 37% year over year. The company reported net sales of $2.58 billion in the quarter. The figure beat the Zacks Consensus Estimate of $2.47 billion but fell 1.4% year over year.

Autoliv had cash and cash equivalents of $322 million as of March 31, 2025. Long-term debt totaled $1.57 billion. Operating cash flow in the quarter under review was $77 million and capital expenditure amounted to $93 million, resulting in a negative free cash flow of $16 million. In the quarter, ALV paid a dividend of 70 cents per share and repurchased 0.5 million shares.

Mobileye Global Inc. (MBLY - Free Report) reported first-quarter 2025 adjusted earnings per share (EPS) of 8 cents. The figure was in line with the Zacks Consensus Estimate. The company reported a loss of 7 cents per share in the year-ago quarter. Total revenues amounted to $438 million, beating the Zacks Consensus Estimate of $434 million. The metric also rose 83% year over year.

MBLY had cash and cash equivalents of $1.51 billion as of March 29, 2025, compared with $1.43 billion as of Dec. 28, 2024. Operating cash flow for the three months ended March 29, 2025, was $109 million. Capex was $14 million during the same time frame.

Group 1 Automotive (GPI - Free Report) reported first-quarter 2025 adjusted earnings per share of $10.17, which beat the Zacks Consensus Estimate of $9.68 and rose 7.17% year over year. The automotive retailer registered net sales of $5.51 billion, beating the Zacks Consensus Estimate of $5.34 billion. The top line also rose from the year-ago quarter’s $4.47 billion.

Group 1 had cash and cash equivalents of $70.5 million as of March 31, 2025, up from $34.4 million as of Dec. 31, 2024. Total debt was $2.8 billion as of March 31, 2025, down from $2.91 billion as of Dec. 31, 2024.

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