Thor Industries (THO) Tops Q3 EPS by 6c

Thor Industries (NYSE: THO) reported Q3 EPS of $1.49, $0.06 better than the analyst estimate of $1.43. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.29 billion.

Outlook:

• Continued strength in the RV market and an ongoing shift toward more moderately priced towable products should result in high-single-digit revenue growth in the fourth quarter, as compared with the prior year.
• The impact of the retroactive reinstatement of tariff rebates on certain imported raw material, which had a $10 million, or 95 basis point, positive impact on gross margins in the fourth quarter of fiscal 2015, will not repeat in the fourth quarter of fiscal 2016.
• The estimated effective income tax rate is anticipated to remain comparable to the effective rate incurred in the first nine months of fiscal 2016, versus the unusually low rate of the fourth quarter of 2015.

For earnings history and earnings-related data on Thor Industries (THO) click here.

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