By Nicholas G. Miller
Thor Industries reduced its fiscal-year earnings guidance as the economic impacts from the conflict in the Middle East hurt buyer confidence and raises costs for the RV maker.
For the third quarter, the company posted net income of $97.2 million, or $1.86 a share, down from $135.2 million, or $2.53 a share, the year prior. Analysts polled by FactSet had expected $1.92 a share.
Net sales fell 3.9% to $2.78 billion, driven by a 25% decline in net sales for its North American towable RVs division. Wall Street had expected $2.67 billion.
The company lowered its fiscal 2026 earnings guidance to $3.30 to $3.80 a share, down from its previous forecast of $3.75 to $4.25 a share.
The company reiterated its fiscal 2026 guidance for net sales of $9 billion to $9.5 billion. Analysts see fiscal-year net sales of $9.53 billion and earnings of $4.01 a share.
In March, the company warned that the conflict in the Middle East could hurt RV retail demand during the spring selling season.
"The consequences of this risk coming to fruition during our fiscal third quarter have exceeded the expectations of our industry due to the unforeseen duration of these macroeconomic influences and their impact on consumer sentiment and material costs," Chief Executive Bob Martin said Wednesday.
Martin said its North American towable RV segment was seeing "suppressed volumes due to strained consumer sentiment and rising material costs brought on by tariff and inflationary pressures."
Write to Nicholas G. Miller at nicholas.miller@wsj.com
(END) Dow Jones Newswires
June 03, 2026 06:49 ET (10:49 GMT)
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