Thor Industries stock jumps after record profit, sales more than double
Shares of Thor Industries Inc. jumped 4.2% in premarket trading Tuesday, recreational vehicle seller reported a record fiscal third-quarter profit beat and sales that more than doubled, amid "robust" consumer and dealer demand for RV products. Net income rose to $183.3 million, or $3.29 a share, from $24.1 million, or 43 cents a share, in the year-ago period. The FactSet consensus for earnings per share was $3.03. Sales grew 106% to a record $3.46 billion, beating the FactSet consensus of $3.03 billion. North American toward RV sales increased 124% to $1.73 billion, as the Tiffin Group acquisition boosted sales by $19.5 million
Thor Industries stock jumps after record profit, sales more than double
Shares of Thor Industries Inc. jumped 4.2% in premarket trading Tuesday, recreational vehicle seller reported a record fiscal third-quarter profit beat and sales that more than doubled, amid "robust" consumer and dealer demand for RV products. Net income rose to $183.3 million, or $3.29 a share, from $24.1 million, or 43 cents a share, in the year-ago period. The FactSet consensus for earnings per share was $3.03. Sales grew 106% to a record $3.46 billion, beating the FactSet consensus of $3.03 billion. North American toward RV sales increased 124% to $1.73 billion, as the Tiffin Group acquisition boosted sales by $19.5 million