THOR Industries reported consolidated net sales of $2.89 billion for the third quarter of fiscal 2025, an increase of 3.3% from $2.80 billion in the prior-year quarter, exceeding analyst consensus of $2.48 billion. Diluted earnings per share for the quarter were $2.53, an 18.8% increase from $2.13 in the prior-year period, significantly surpassing analyst consensus estimates of $1.79.
The consolidated gross profit margin for the quarter improved by 20 basis points to 15.3% from 15.1% in the prior-year period. The North American Towable segment was a key driver, with net sales surging 9.1% to $1.17 billion and gross margin expanding 200 basis points to 14.9%. This segment's performance was fueled by a 5.5% increase in unit shipments and a 3.6% rise in average net price per unit.
Cash flow from operations was robust, totaling $257.7 million for the quarter and $319.2 million year-to-date fiscal 2025, a significant increase from $207.5 million in the prior-year period. As of April 30, 2025, the company held $508.3 million in cash and cash equivalents, with $985.0 million in unused availability under its revolving asset-based credit facility, totaling $1.49 billion in liquidity.
THOR reaffirmed its revised full-year fiscal 2025 financial guidance, projecting consolidated net sales between $9.0 billion and $9.5 billion and diluted earnings per share between $3.30 and $4.00. The company also reduced its total indebtedness by $139.2 million through the first three quarters of fiscal 2025, with an additional $55.0 million payment made on its USD term loan subsequent to quarter end.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.