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Jan 31, 2023

Thor Q2 2023 Earnings Report

Delivered resilient performance in a challenging market environment.

Key Takeaways

THOR Industries announced financial results for its second fiscal quarter ended January 31, 2023. The company generated positive cash flow and maintained a strong liquidity profile despite a challenging market environment.

Second quarter presented a challenging market environment.

Generated positive cash flow and maintained an already strong liquidity profile.

Balanced wholesale production with the pace of softening retail sales.

Expects to generate strong net cash flow from operations in the second half of fiscal 2023.

Total Revenue
$2.35B
Previous year: $3.88B
-39.4%
EPS
$0.5
Previous year: $4.79
-89.6%
Gross Profit
$283M
Previous year: $675M
-58.1%
Cash and Equivalents
$282M
Previous year: $305M
-7.7%
Total Assets
$7.31B
Previous year: $7.67B
-4.6%

Thor

Thor

Forward Guidance

The Company’s updated full-year guidance now includes slower product pull through for the balance of our fiscal year.