By Nicholas G. Miller
Thor Industries reported higher fiscal second-quarter sales as strength in its North American motorized-recreational-vehicles segment helped counteract a decline in its towable-RVs business.
The company posted net income of $17.8 million for the quarter, or 34 cents a share, compared with a loss of $551,000, or 1 cent a share, the year prior. Analysts polled by FactSet expected a profit of 4 cents a share.
Sales rose 5.3% to $2.13 billion. Wall Street expected $1.96 billion. North American motorized RV sales jumped 29% to $577.1 million, helping to offset a 14% decline to $710.5 million in North American towable RV sales.
The company reiterated its fiscal 2026 guidance for net sales of $9 billion to $9.5 billion and earnings of $3.75 to $4.25 a share. Analysts see fiscal-year sales of $9.64 billion and earnings of $4.25 a share.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
March 03, 2026 06:50 ET (11:50 GMT)
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