By Denny Jacob
Thor Industries maintained its outlook for the year and posted better-than-expected third-quarter results.
The maker of Airstream and Jayco RVs said Wednesday that it continues to expect $9 billion to $9.5 billion in sales in fiscal 2025, while earnings are on track to hit $3.30 to $4 a share.
For the three months ended April 30, Elkhart, Ind.-based Thor logged net income of $135.2 million, or $2.53 a share, up from $114.5 million, or $2.13 a share, in the prior-year period. Analysts polled by FactSet expected $1.79 a share.
Sales edged up to $2.89 billion from $2.80 billion. Analysts polled by FactSet expected $2.61 billion.
"The successful execution of key strategic initiatives, in particular placing further emphasis on driving down our cost profile, led to improved margins in an environment where we saw modest year-over-year top-line improvement," said Chief Executive Bob Martin.
Shares rose 9.2% to $90.01 in premarket trading. The stock was down 14% on the year as of Tuesday's close.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
June 04, 2025 06:53 ET (10:53 GMT)
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