THOR Industries reported consolidated net sales of $2.02 billion for the second quarter of fiscal 2025, an 8.6% decrease from $2.21 billion in the prior-year quarter, but outpacing analyst consensus of $1.974 billion. The company recorded a net loss attributable to THOR Industries of $0.6 million, or $(0.01) diluted earnings per share, compared to net income of $7.2 million, or $0.13 diluted earnings per share, in the second quarter of fiscal 2024. This missed analyst consensus of $0.06 earnings per share.
The consolidated gross profit margin for the quarter was 12.1%, a decrease of 20 basis points from 12.3% in the prior-year period. North American Towable segment net sales increased by 13.3% to $828.3 million, with gross margins up 370 basis points to 11.1%. However, North American Motorized net sales decreased by 21.8% to $446.3 million, and European RV net sales decreased by 21.7% to $612.5 million.
Cash flow from operations significantly improved, reaching $30.8 million for the quarter and $61.6 million year-to-date fiscal 2025, compared to a use of $(44.2) million in the prior-year period. As of January 31, 2025, liquidity stood at approximately $1.23 billion, including $373.8 million in cash and $855.0 million available under the revolving credit facility. The company reduced its total indebtedness by approximately $90.5 million during the first half of fiscal 2025.
THOR narrowed and revised its full-year fiscal 2025 financial guidance, maintaining consolidated net sales in the range of $9.0 billion to $9.5 billion. However, diluted earnings per share guidance was lowered to between $3.30 and $4.00, from the previous range of $4.00 to $5.00. The consolidated gross profit margin guidance was reaffirmed between 13.8% and 14.5%.
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