THOR Industries Q3 Net Income Declines; Lowers FY24 Guidance

(RTTNews) - THOR Industries (THO) reported third quarter net income attributable to THOR of $114.5 million and $2.13 per share, compared to $120.7 million and $2.24 per share, prior year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $1.85, for the quarter. Analysts' estimates typically exclude special items.

Consolidated net sales were $2.80 billion, compared to $2.93 billion, last year. Analysts on average had estimated $2.73 billion in revenue.

For fiscal 2024, the company now expects net sales in the range of $9.8 billion to $10.1 billion, revised from prior guidance range of $10.0 billion to $10.5 billion. Earnings per share is anticipated in the range of $4.50 to $4.75, revised from $5.00 to $5.50, previously. Analysts expect the company to report profit per share of $5.19 on revenue of $10.17 billion.

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