THOR Industries, Inc. (THO) reported adjusted earnings of 78 cents per share for the fourth quarter of fiscal 2026, missing the Zacks Consensus Estimate of 93 cents by 16.1%. Revenue totaled $2.31 billion, exceeding estimates of $2.15 billion by 7.4%, but showing an 8.4% decline from the previous year as North American margins were pressured by lower volumes and increased costs.
North American Towable sales decreased by 22.7% to $687.3 million, while Motorized sales fell 10.4% to $499.3 million. Gross profit dropped 23% year over year to $285.6 million, with net income attributable to THOR falling 67.5% to $40.8 million. Cash and cash equivalents at the end of fiscal 2026 stood at $482 million, with total liquidity at $1.30 billion.
Management refrained from issuing fiscal 2027 guidance, expecting a flat retail environment compared to fiscal 2026, largely due to ongoing pressures in the Towable segment. The company plans to implement strategic initiatives aimed at improving its earnings profile by over $100 million.
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