THOR Industries, Inc. reported a consolidated net sales increase of $354.1 million, or 8.5%, for the six months ended January 31, 2026, reaching $4.51 billion compared to $4.16 billion in the same period last year. The company attributed this growth to a significant rise in North American Motorized sales, which surged by 30.1% to $1.24 billion, while North American Towable sales declined by 6.9% to $1.61 billion. The European segment also saw a 10.1% increase in sales, totaling $1.34 billion, driven by a favorable foreign currency exchange impact.
In terms of profitability, THOR Industries reported a net income of $39.5 million for the six months ended January 31, 2026, compared to a net loss of $3.96 million in the prior year. The company’s gross profit margin remained stable at 12.7%, despite fluctuations in product mix and increased costs associated with materials and labor. Selling, general, and administrative expenses rose by 4.4% to $466.1 million, reflecting higher commissions and promotional costs linked to increased sales activity.
Operationally, THOR Industries experienced a decrease in its North American RV backlog, which fell by 24.3% to $1.66 billion, primarily due to reduced orders for North American Towable products. Conversely, the European RV backlog increased by 11.4% to $1.83 billion, attributed to favorable currency exchange rates. The company’s total inventory also rose to $1.59 billion, reflecting a strategic decision to bolster stock levels in anticipation of seasonal demand.
The company continues to focus on strategic initiatives, including share repurchase programs and investments in production facilities. During the quarter, THOR repurchased 242,731 shares at an average price of $103.95, with a remaining authorization of $349 million for future buybacks. Looking ahead, THOR Industries anticipates ongoing challenges from inflation and supply chain constraints but remains optimistic about long-term growth prospects in the RV market, driven by consumer interest in outdoor lifestyles and travel.
About THOR INDUSTRIES INC
Thor Industries, Inc. is the world's largest manufacturer of recreational vehicles (RVs), producing a broad range of towable and motorized RVs for North American and European markets. The company sells its products through independent dealers, emphasizing innovation, quality, and brand strength. Its core business includes designing, manufacturing, and distributing RVs, parts, and accessories, supported by a global supply chain and a focus on customer experience and industry leadership.
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