THOR Industries, Inc. (NYSE: THO) today announced record financial
results for its second fiscal quarter ended January 31, 2022.
“While we remain very focused on our performance
as a business and I’m pleased to report on our results, we would be
remiss if we did not state our firm support for the people of
Ukraine in the defense of their country. We have sent and will
continue to send our support and evaluate ways we can assist and
respond to the humanitarian and refugee crisis unfolding in Europe.
This includes offering our recently acquired facility in Nowa Sol,
Poland as a staging operation for the Red Cross as it attempts to
provide relief for the displaced Ukrainians. We are also working on
procuring and donating needed staples for these displaced persons.
The people of Ukraine are at the front of our minds and we are
focused on finding additional ways we can continue to be an
impactful global citizen,” said Bob Martin, President and CEO of
THOR Industries.
“As for the second fiscal quarter results, our
performance was extremely strong, despite the continuation of
supply chain challenges. Our results show the strong appeal of our
products, the continued strong demand in our industry and the
outstanding performance by our team members. In addition to our
second-quarter record top line, we reported consolidated gross
profit margin of 17.4%. Our increased margins were driven by the
increase in net sales, improved quality and operating efficiencies,
a reduction in sales discounts compared to the prior-year period
and certain selling price increases put in place since the
prior-year period to offset known and anticipated material cost
increases. We continue to outperform the market and continue to
hold a positive outlook.
“This quarter, our consolidated RV wholesale
shipments were up by 14.5% compared to wholesale shipments during
the second fiscal quarter ended January 31, 2021. Our consolidated
RV backlog for the second fiscal quarter of 2022 increased by more
than 60% compared to RV backlog as of the second fiscal quarter
ended January 31, 2021. At the same time, our order backlog
declined sequentially from our fiscal first quarter ended October
31, 2021 and dealer inventory levels are improving. We are working
hard to deliver enough units to continue to reduce our order
backlog and we are making progress. Our backlog at the end of our
second fiscal quarter of 2022 decreased by approximately $344
million to $17.73 billion from $18.07 billion at the end of our
first fiscal quarter on October 31, 2021.
“Currently, independent dealer inventories
remain below the levels we achieved prior to the pandemic,
particularly for North American Motorized units. For towables,
dealer inventories have grown closer to optimal levels as we head
into prime retail season. Going forward, we will monitor retail
pull-through and adjust our production accordingly, carefully
managing our production schedules to meet independent demand
without overproducing. We learned from the industry-wide
overproduction in 2018 and have established a system of dynamic
checks to closely monitor dealer inventories. During the second
fiscal quarter, we worked closely with our dealers to reconfirm the
backlog, so we remain confident in the alignment among our current
production rates, wholesale demand and retail demand. We will
continue to work closely with our independent dealers and rely upon
a number of other initiatives to ensure that our independent dealer
inventories are adequately but not over supplied. We expect dealer
towable inventories to normalize more quickly than motorized
inventories due to ongoing chassis supply constraints that continue
to affect motorized motorhome production levels,” said Martin.
Second-Quarter Financial Results
Consolidated net sales were $3.88 billion in the
second quarter of fiscal 2022, compared to $2.73 billion in the
second quarter of fiscal 2021. The increase in consolidated net
sales is primarily due to the continuing demand for RVs, as well as
the contribution of our recent acquisitions. The addition of the
Tiffin Group, acquired in December 2020, accounted for $132.3
million of the increase in net sales for the second quarter of
fiscal 2022, while the addition of Airxcel, acquired in September
2021, accounted for $128.8 million of the increase in net sales for
the second quarter of fiscal 2022, net of intercompany sales.
Consolidated gross profit margin increased 220
basis points to 17.4% for the second quarter of fiscal 2022, from
15.2% in the corresponding period a year ago.
Net income attributable to THOR Industries and
diluted earnings per share for the second quarter of fiscal 2022
were $266.6 million and $4.79, respectively, compared to $132.5
million and $2.38, respectively, in the prior-year period.
Segment Results
North American Towable RVs
($ in thousands) |
Three Months EndedJanuary 31, |
|
% Change |
|
Six Months EndedJanuary 31, |
|
% Change |
|
|
2022 |
|
|
|
2021 |
|
|
|
|
2022 |
|
|
|
2021 |
|
|
Net Sales |
$ |
1,985,088 |
|
|
$ |
1,373,181 |
|
|
44.6 |
|
|
$ |
4,225,922 |
|
|
$ |
2,765,225 |
|
|
52.8 |
|
Gross Profit |
$ |
376,716 |
|
|
$ |
227,656 |
|
|
65.5 |
|
|
$ |
785,255 |
|
|
$ |
447,504 |
|
|
75.5 |
|
Gross Profit Margin % |
|
19.0 |
|
|
|
16.6 |
|
|
|
|
|
|
18.6 |
|
|
|
16.2 |
|
|
|
|
Income Before Income
Taxes |
$ |
275,895 |
|
|
$ |
147,880 |
|
|
86.6 |
|
|
$ |
542,177 |
|
|
$ |
289,059 |
|
|
87.6 |
|
|
As of January 31, |
|
% Change |
($ in thousands) |
|
2022 |
|
|
|
2021 |
|
|
Order Backlog |
$ |
10,442,906 |
|
|
$ |
5,253,564 |
|
|
98.8 |
|
|
|
|
|
|
|
|
|
|
|
|
North American Motorized
RVs
($ in thousands) |
Three Months EndedJanuary 31, |
|
% Change |
|
Six Months EndedJanuary 31, |
|
% Change |
|
|
2022 |
|
|
|
2021 |
|
|
|
|
2021 |
|
|
|
2020 |
|
|
Net Sales |
$ |
976,806 |
|
|
$ |
576,995 |
|
|
69.3 |
|
|
$ |
1,901,834 |
|
|
$ |
1,070,850 |
|
|
77.6 |
|
Gross Profit |
$ |
156,281 |
|
|
$ |
75,118 |
|
|
108.0 |
|
|
$ |
296,002 |
|
|
$ |
143,220 |
|
|
106.7 |
|
Gross Profit Margin % |
|
16.0 |
|
|
|
13.0 |
|
|
|
|
|
|
15.6 |
|
|
|
13.4 |
|
|
|
|
Income Before Income
Taxes |
$ |
104,037 |
|
|
$ |
43,421 |
|
|
139.6 |
|
|
$ |
192,935 |
|
|
$ |
84,988 |
|
|
127.0 |
|
|
As of January 31, |
|
% Change |
($ in thousands) |
|
2022 |
|
|
|
2021 |
|
|
Order Backlog |
$ |
4,232,479 |
|
|
$ |
2,916,433 |
|
|
45.1 |
|
|
|
|
|
|
|
|
|
|
|
|
The addition of the Tiffin Group, acquired on
December 18, 2020, accounted for $117.4 million of the $399.8
million increase in North American Motorized RV net sales in the
second fiscal second quarter, as the current quarter includes three
months of Tiffin Group results as compared with six weeks in the
prior-year period.
European RVs
($ in thousands) |
Three Months EndedJanuary 31, |
|
% Change |
|
Six Months EndedJanuary 31, |
|
% Change |
|
|
2022 |
|
|
|
2021 |
|
|
|
|
2022 |
|
|
|
2021 |
|
|
Net Sales |
$ |
723,730 |
|
|
$ |
733,463 |
|
|
(1.3 |
) |
|
$ |
1,356,727 |
|
|
$ |
1,335,951 |
|
|
1.6 |
|
Gross Profit |
$ |
90,129 |
|
|
$ |
94,637 |
|
|
(4.8 |
) |
|
$ |
157,573 |
|
|
$ |
167,018 |
|
|
(5.7 |
) |
Gross Profit Margin % |
|
12.5 |
|
|
|
12.9 |
|
|
|
|
|
11.6 |
|
|
|
12.5 |
|
|
|
(Loss) Before Income
Taxes |
$ |
9,665 |
|
|
$ |
10,216 |
|
|
(5.4 |
) |
|
$ |
(8,311 |
) |
|
$ |
4,710 |
|
|
(276.5 |
) |
|
As of January 31, |
|
% Change |
($ in thousands) |
|
2022 |
|
|
|
2021 |
|
|
Order Backlog |
$ |
3,051,485 |
|
|
$ |
2,644,181 |
|
|
15.4 |
|
|
|
|
|
|
|
|
|
|
|
|
Management Commentary
“In the second quarter, we generated strong net
cash from operations, and we remained disciplined and balanced in
our deployment of capital,” said Colleen Zuhl, Senior Vice
President and Chief Financial Officer.
“We are pleased to report that the integration
of Airxcel has gone exceedingly well, which is a testament to our
integration planning and the strong team at Airxcel. Demand for
their products remains very robust, and we are making investments
in capacity to grow Airxcel’s presence both within THOR and across
the entire industry. Our decentralized business model enables our
supply companies to work with all RV OEMs on equal footing. As we
grow the supply chain side of our business, we expect it to enhance
our margins further.
“In Europe, we have a strong order book,
however, given the heavier concentration of motorhomes to our
business in Europe as compared to our North America operations,
chassis shortages had a more significant impact on our European
production and shipment volumes. We currently expect to see the
global chassis issues begin to resolve by the end of the 2022
calendar year. Demand for our European products remains very strong
and our European operations are well positioned to perform strongly
once our chassis suppliers are able to meet this demand,” added
Zuhl.
Senior Vice President and Chief Operating
Officer, Todd Woelfer said, “Our capital allocation strategy
remains consistent and our capital expenditures for the remainder
of this fiscal year will address the needs of our recent
acquisitions and certain COVID-delayed maintenance projects,
continue our focus on electrification and other projects directly
related to enhancing the quality of our products and include
various strategic capacity enhancement initiatives including
building a new production facility in Sturgis, Michigan. During the
fiscal second quarter, we increased our dividend, repaid
approximately $35 million of borrowings on our asset-based credit
facility (“ABL”) and completed the tuck-in acquisition of Elkhart
Composites into our Airxcel operations. We also remain very focused
on reducing our acquisition-related debt and subsequent to the end
of our fiscal second quarter we made a principal payment of $40
million on our U.S. term loan and repaid an additional $25 million
of borrowings on our ABL. In addition, during the quarter, we also
announced the authorization of a $250 million share repurchase
program. After the announcement, we repurchased 590,961 shares of
common stock for $58.3 million. We believe that the buybacks
present an excellent investment opportunity to create value for our
shareholders, making the repurchase program a compelling use of
capital in the second quarter. Moving forward, we will continue to
be disciplined, flexible and balanced in how we deploy capital to
generate the greatest return for our shareholders.
Outlook
“We remain very optimistic about the growth of
the RV industry for 2022 and in the long term,” Woelfer continued.
“We continue to agree with the RV Industry Association forecast
which projects total North American wholesale RV shipments ranging
between 578,800 and 603,300 units with a most likely total of
591,100 units. This forecast represents the second best year on
record for wholesale shipments and is in line with our continued
bullish view of what lies ahead over the remainder of fiscal year
2022 and into fiscal year 2023. We are obviously aware of the
current macro-economic and geopolitical events, including Russia’s
invasion of Ukraine, that combine to create a litany of challenges
that could affect the performance of virtually every company in the
short term, however, our long-term outlook remains very bullish.
THOR has consistently proven that the greatest strength of our
business model is that it empowers us to remain nimble despite our
size. In the event that the macro pressures eventually create a
downturn, we expect THOR to outperform the market as it has in
every downturn since its inception in 1980. Our model has enabled
us to generate a profit in every year of our 41-year existence,
even during the most difficult years for our industry and the
economy more broadly. In fact, each time our industry has
experienced such a downturn, THOR has come out stronger than it was
before.
“THOR has delivered outstanding financial
performance over the last six quarters, and at the same time has
experienced some shift of market share. Our focus has been and will
remain on creating sustainable margin improvements and volume
improvements to drive continued growth and increased profitability.
We have elected to not chase share at the risk of slippage in
either quality or margins. We are in a market wherein most every RV
produced by THOR and its competitors sells quickly. In this
situation it is easy to fall into the trap of overproducing, but we
chose to produce at a prudent rate to ensure profitable growth and
greater quality during this period of very strong retail demand.
The success of this approach is evident in our improving financial
results. While we are aware of the bear case against THOR’s
historical market share position, we believe that case is off the
mark today. In the most recent calendar year-ended December 31,
2021, our total towable share did decline, but only by 0.4%, while
both our margins and our volume of unit sales increased. Our choice
to produce at a prudent rate to ensure greater quality drove better
bottom line results. In North American motorized, we gained 3.3% of
organic market share in calendar year 2021. In the hottest segment
in the industry, Class B motorhomes, our organic growth was over
four times that of our nearest competitor in calendar 2021 and we
grew our unit sales by approximately 200%.
“Calendar year 2022 started strong for THOR as
we grew our market share position in every category in which we
participate. Our products have and will continue to perform well at
the retail level. While we will continue to seek to regain share,
we will first remain focused on prudently producing high-quality
product to meet demand and reduce our backlog without overproducing
and overloading our independent dealer channel. As I noted, we are
focused on achieving continued growth and increased profitability.
We believe this is the best strategy and expect this effort to
deliver strong shareholder returns in Fiscal 2022 and 2023,” added
Woelfer.
“Looking to the future, we are working on many
strategic initiatives to drive increased shareholder value. An
example of these initiatives is our eMobility strategy that we
initiated several years ago. This strategy is an exciting plan to
move THOR and the RV industry into the electric future. Our first
step was the recent introduction of two new electric RVs, one
towable and one motorized. Our motorized model, the THOR Vision
Vehicle, is designed to deliver an industry-leading 300 mile range.
The towable model, the eStream by Airstream, creates a whole new
segment for the RV industry. The eStream creates the opportunity to
maintain most of the towable range and gas mileage of the tow
vehicle as it dramatically reduces the drag typically created when
towing an RV. The eStream also offers a number of other compelling
features, including the ability to park your RV using an app on
your phone or tablet. We showcased these two new electric RVs at
the 2022 Florida RV SuperShow, and the resulting feedback and media
coverage has been phenomenal. THOR is focused on being the leader
of the next generation of RVs as we drive to produce more
sustainable solutions that maximize the RV user experience,”
concluded Woelfer.
“The outlook for THOR and the RV industry
continues to be very positive, and we believe our outstanding
performance will continue for the balance of our fiscal year,”
added Martin. “Consumer interest is at an all-time high as
evidenced by record attendance and sales at the recent Florida RV
SuperShow in Tampa, the largest RV show in the United States, and
we see continued strong demand as we enter our peak selling season.
This is an exciting time to be the world’s leading RV manufacturer,
and we look forward to leveraging our position to grow our Company
and advance the RV industry for many years to come.”
Supplemental Earnings Release
Materials
THOR Industries has provided a comprehensive
question and answer document, as well as a PowerPoint presentation,
relating to its quarterly results and other topics.
To view these materials, go to
http://ir.thorindustries.com.
About THOR Industries, Inc.
THOR Industries is the sole owner of operating
subsidiaries that, combined, represent the world’s largest
manufacturer of recreational vehicles.
For more information on the Company and its
products, please go to www.thorindustries.com.
Forward-Looking Statements
This release includes certain statements that
are “forward-looking” statements within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995, Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are made based on management’s current expectations and
beliefs regarding future and anticipated developments and their
effects upon THOR, and inherently involve uncertainties and risks.
These forward-looking statements are not a guarantee of future
performance. We cannot assure you that actual results will not
differ materially from our expectations. Factors which could cause
materially different results include, among others: the extent and
impact from the continuation of the COVID-19 pandemic, along with
the responses to contain the spread of the virus, or its variants,
by various governmental entities or other actors, which may have
negative effects on retail customer demand, our independent
dealers, our supply chain, our labor force, our production or other
aspects of our business; the ability to ramp production up or down
quickly in response to rapid changes in demand while also managing
costs and market share; the effect of raw material and commodity
price fluctuations, and/or raw material, commodity or chassis
supply constraints; the impact of war, military conflict, terrorism
and/or cyber-attacks, including state-sponsored attacks; the impact
of sudden or significant energy or fuel cost increases, including
those caused by geopolitical events, on our costs of operation, on
raw material prices, on our independent dealers or on retail
customers; the impact of sudden or significant energy or fuel cost
increases, including those caused by geopolitical events, on our
costs of operation, on raw material prices, on our independent
dealers or on retail customers; the dependence on a small group of
suppliers for certain components used in production; the level and
magnitude of warranty and recall claims incurred; the ability of
our suppliers to financially support any defects in their products;
legislative, regulatory and tax law and/or policy developments
including their potential impact on our independent dealers, retail
customers or on our suppliers; the costs of compliance with
governmental regulation; the impact of an adverse outcome or
conclusion related to current or future litigation or regulatory
investigations; the impact of an adverse outcome or conclusion
related to current or future litigation or regulatory
investigations; public perception of and the costs related to
environmental, social and governance matters; legal and compliance
issues including those that may arise in conjunction with recently
completed transactions; lower consumer confidence and the level of
discretionary consumer spending; interest rate fluctuations and
their potential impact on the general economy and, specifically, on
our profitability and on our independent dealers and consumers; the
impact of exchange rate fluctuations; restrictive lending practices
which could negatively impact our independent dealers and/or retail
consumers; management changes; the success of new and existing
products and services; the ability to maintain strong brands and
develop innovative products that meet consumer demands; the ability
to efficiently utilize existing production facilities; changes in
consumer preferences; the risks associated with acquisitions,
including: the pace and successful closing of an acquisition, the
integration and financial impact thereof, the level of achievement
of anticipated operating synergies from acquisitions, the potential
for unknown or understated liabilities related to acquisitions, the
potential loss of existing customers of acquisitions and our
ability to retain key management personnel of acquired companies; a
shortage of necessary personnel for production and increasing labor
costs to attract production personnel in times of high demand; the
loss or reduction of sales to key independent dealers; disruption
of the delivery of units to independent dealers; increasing costs
for freight and transportation; asset impairment charges;
competition; the impact of potential losses under repurchase
agreements; the potential impact of the strength of the U.S. dollar
on international demand for products priced in U.S. dollars;
general economic, market and political conditions in the various
countries in which our products are produced and/or sold; the
impact of changing emissions and other related climate change
regulations in the various jurisdictions in which our products are
produced, used and/or sold; changes to our investment and capital
allocation strategies or other facets of our strategic plan; and
changes in market liquidity conditions, credit ratings and other
factors that may impact our access to future funding and the cost
of debt.
These and other risks and uncertainties are
discussed more fully in our Quarterly Report on Form 10-Q for the
quarter ended January 31, 2022 and in Item 1A of our Annual Report
on Form 10-K for the year ended July 31, 2021.
We disclaim any obligation or undertaking to
disseminate any updates or revisions to any forward-looking
statements contained in this release or to reflect any change in
our expectations after the date hereof or any change in events,
conditions or circumstances on which any statement is based, except
as required by law.
THOR INDUSTRIES, INC. |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME |
FOR THE THREE AND SIX MONTHS ENDED JANUARY 31, 2022 AND
2021 |
($000’s except share and per share data)
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended January 31, |
|
Six Months Ended January 31, |
|
|
|
2022 |
|
% NetSales (1) |
|
|
2021 |
|
% NetSales (1) |
|
|
2022 |
|
% NetSales (1) |
|
|
2021 |
|
% NetSales (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
3,875,018 |
|
|
|
$ |
2,727,788 |
|
|
|
$ |
7,833,242 |
|
|
|
$ |
5,265,148 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
$ |
675,274 |
|
17.4 |
% |
|
$ |
414,877 |
|
15.2 |
% |
|
$ |
1,330,698 |
|
17.0 |
% |
|
$ |
793,729 |
|
15.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and
administrative expenses |
|
|
267,450 |
|
6.9 |
% |
|
|
206,189 |
|
7.6 |
% |
|
|
563,333 |
|
7.2 |
% |
|
|
387,952 |
|
7.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of intangible
assets |
|
|
43,349 |
|
1.1 |
% |
|
|
29,203 |
|
1.1 |
% |
|
|
76,563 |
|
1.0 |
% |
|
|
56,630 |
|
1.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net |
|
|
24,507 |
|
0.6 |
% |
|
|
23,962 |
|
0.9 |
% |
|
|
45,227 |
|
0.6 |
% |
|
|
47,920 |
|
0.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income, net |
|
|
6,285 |
|
0.2 |
% |
|
|
8,436 |
|
0.3 |
% |
|
|
13,520 |
|
0.2 |
% |
|
|
9,051 |
|
0.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income
taxes |
|
|
346,253 |
|
8.9 |
% |
|
|
163,959 |
|
6.0 |
% |
|
|
659,095 |
|
8.4 |
% |
|
|
310,278 |
|
5.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes |
|
|
80,618 |
|
2.1 |
% |
|
|
32,769 |
|
1.2 |
% |
|
|
148,657 |
|
1.9 |
% |
|
|
63,449 |
|
1.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
|
265,635 |
|
6.9 |
% |
|
|
131,190 |
|
4.8 |
% |
|
|
510,438 |
|
6.5 |
% |
|
|
246,829 |
|
4.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less: net income (loss)
attributable to non-controlling interests |
|
|
(933 |
) |
— |
% |
|
|
(1,334 |
) |
— |
% |
|
|
1,628 |
|
— |
% |
|
|
548 |
|
— |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to
THOR Industries, Inc. |
|
$ |
266,568 |
|
6.9 |
% |
|
$ |
132,524 |
|
4.9 |
% |
|
$ |
508,810 |
|
6.5 |
% |
|
$ |
246,281 |
|
4.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per common share |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
4.80 |
|
|
|
$ |
2.39 |
|
|
|
$ |
9.17 |
|
|
|
$ |
4.45 |
|
|
Diluted |
|
$ |
4.79 |
|
|
|
$ |
2.38 |
|
|
|
$ |
9.13 |
|
|
|
$ |
4.43 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-avg. common shares
outstanding – basic |
|
|
55,493,622 |
|
|
|
|
55,366,241 |
|
|
|
|
55,458,238 |
|
|
|
|
55,302,203 |
|
|
Weighted-avg. common shares
outstanding – diluted |
|
|
55,649,445 |
|
|
|
|
55,568,667 |
|
|
|
|
55,720,079 |
|
|
|
|
55,561,675 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Percentages
may not add due to rounding differences |
|
SUMMARY CONDENSED CONSOLIDATED BALANCE SHEETS ($000’s)
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
January 31,2022 |
|
July 31,2021 |
|
|
|
January 31,2022 |
|
July 31,2021 |
Cash and equivalents |
|
$ |
330,323 |
|
|
$ |
448,706 |
|
|
Current liabilities |
|
$ |
1,904,414 |
|
|
$ |
1,794,785 |
|
Accounts receivable, net |
|
|
1,162,290 |
|
|
|
949,932 |
|
|
Long-term debt |
|
|
2,167,734 |
|
|
|
1,594,821 |
|
Inventories, net |
|
|
1,679,079 |
|
|
|
1,369,384 |
|
|
Other long-term
liabilities |
|
|
339,413 |
|
|
|
316,376 |
|
Prepaid income taxes, expenses
and other |
|
|
29,004 |
|
|
|
35,501 |
|
|
Stockholders’ equity |
|
|
3,253,584 |
|
|
|
2,948,106 |
|
Total current assets |
|
|
3,200,696 |
|
|
|
2,803,523 |
|
|
|
|
|
|
|
Property, plant &
equipment, net |
|
|
1,216,323 |
|
|
|
1,185,131 |
|
|
|
|
|
|
|
Goodwill |
|
|
1,888,752 |
|
|
|
1,563,255 |
|
|
|
|
|
|
|
Amortizable intangible assets,
net |
|
|
1,237,947 |
|
|
|
937,171 |
|
|
|
|
|
|
|
Deferred income taxes and
other, net |
|
|
121,427 |
|
|
|
165,008 |
|
|
|
|
|
|
|
Total |
|
$ |
7,665,145 |
|
|
$ |
6,654,088 |
|
|
|
|
$ |
7,665,145 |
|
|
$ |
6,654,088 |
|
Contacts:
Mark TrinskeVice President of Investor
Relationsmtrinske@thorindustries.com(574) 970-7912
Michael Cieslak, CFAInvestor Relations
Managermcieslak@thorindustries.com(574) 294-7724
Thor Industries (NYSE:THO)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Thor Industries (NYSE:THO)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024