THOR Industries Q3 Review: Bad Times Are Rolling In
THOR Industries reported disappointing Q3 results for 2026, highlighting significant declines in sales and profitability. The company experienced a nearly 25% drop in North American towable RV sales and a 39% decrease in backlog. Additionally, management has lowered its full-year earnings per share guidance due to ongoing macroeconomic challenges.
- ▪THOR Industries saw a nearly 25% year-over-year decline in North American towable RV sales.
- ▪The company's backlog decreased by 39%, indicating reduced demand.
- ▪Operating cash flow turned negative due to inventory buildup, prompting a cut in EPS guidance to $3.30-$3.80.
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