By Mackenzie Tatananni

Shares of Thor Industries rose sharply in premarket trading Wednesday after the recreational-vehicle maker posted better-than-expected earnings against a challenging macro backdrop.

For the fiscal fourth quarter ended July 31, Thor reported adjusted earnings of $2.36 a share, topping the $1.28 analysts had expected, according to FactSet. Net sales came in at $2.52 billion, down slightly from $2.53 billion a year ago, but above the $2.32 billion Wall Street anticipated. Thor saw mixed performance across its business segments, with sales of North American towable RVs falling 4.6% and sales of motorized RVs rising 7.8%.

The owner of the Airstream and Heartland RV brands issued a somewhat soft outlook for fiscal 2026. "With multiple data points suggesting weakness emerging in the job market, we think it is prudent to plan for another challenging year," Seth Woolf, the company's head of corporate development and investor relations, said in a statement.

Thor guided for fiscal-year earnings in the range of $3.75 to $4.25 a share. Analysts expect $4.25 a share. Thor expects revenue of $9 billion to $9.5 billion, below the FactSet consensus estimate of $9.63 billion.

Shares climbed 6.8% to $109.21 on Thursday. Futures tracking the benchmark S&P 500 were up slightly.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

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September 24, 2025 07:39 ET (11:39 GMT)

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