Thor Industries, Inc THO Company Profile & Overview

THO, -3.33% rose 1.5% in premarket trading Tuesday, after the recreational vehicle company reported fiscal third-quarter profit that dropped sharply but was well above e… RV stocks like Winnebago, Thor Industries, LCI Industries and Camping World are offering value and yield to investors and the downturn in business is priced in. Thor Industries common email format is , being used 43.7% of the time. We do not offer a dividend reinvestment or direct stock purchase plan, however our transfer agent, Computershare may offer a plan.

• Thor also provides aluminum extrusion and specialized component products to RV and other manufacturers.
• Thor Industries common email format is , being used 43.7% of the time.
• As a result of that transaction, Thor expected sales of some $30 million to Cruise America in 2001.
• A hold rating indicates that analysts believe investors should maintain any existing positions they have in THO, but not buy additional shares or sell existing shares.
• He first worked as a copywriter for the Los Angeles Times and then became owner of his own ad agency.
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In 1977, the two entrepreneurs had combined their marketing and financial expertise to purchase HI-LO Trailer, a small player in the industry. Under their leadership, HI-LO prospered, and the two looked around for a bigger opportunity. Thor was founded in 1980 with the purchase of Airstream, a legendary maker of aluminum trailers that had set the standard for quality in the recreational vehicle industry for half a century.

Financial Performance

Dutchmen, purchased in 1991, became Thor’s largest towable company and a major profit center. Motor home manufacturer Four Winds International, acquired in 1992, became Thor’s largest company by the turn of the century. Four Winds was a major supplier to most of the large recreational vehicle rental operations throughout the United States and Canada. Cruise America, the largest of these operators, agreed to make Four Winds its primary supplier after Thor provided financing so that Cruise America’s former owners could repurchase their company.

As a result of that transaction, Thor expected sales of some $30 million to Cruise America in 2001. On September 8, 1988, Thor entered the small- and mid-size bus industry with the acquisition of El Dorado, a company based in Salina, Kansas. Under Thor, El Dorado would more than quadruple its sales—all from internal growth—to become the largest manufacturer of small buses in the United States. The Thor acquisition of National Coach, a bankrupt builder of mid-size buses, followed in 1991. Under Thor, National would become its parent’s most profitable bus operation.

Thor Industries Company Information

Upgrade to MarketBeat All Access to add more stocks to your watchlist. THOR Industries’ stock is owned by a variety of retail and institutional investors. Insiders that own company stock include Amelia Huntington, Andrew E Graves, Christopher J Klein, J Allen Kosowsky, James L Ziemer, Kenneth D Julian, Peter Busch Orthwein and W https://currency-trading.org/strategies/understanding-hedge-fund-strategies/ Todd Woelfer. The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 27th 2023. Condition and years of solid growth are clear indicators that we will be here to serve you for years to come. We think this extra peace of mind is important when you are making a significant investment.

Known in Canada as General Coach, this new addition to the Thor line manufactured travel trailers and motor homes in British Columbia and Ontario. When Byam wrote an article in Popular Mechanics describing how to build his new, improved plywood trailer for less than $100, many readers responded with orders for the $5 plans he offered. Meanwhile, he had turned over his Los Angeles backyard to building made-to-order trailers for customers who often
arrived to lend a hand in the construction process. Byam’s tiny home-based business survived the stock market crash of 1929, and by 1930 he had abandoned magazine publishing to build travel trailers full time.

Thor Industries CEO on expansion outlook, company acquisitions and quarterly results

Thor Industries Incorporated is a recreational vehicles manufacturer in the U.S., Canada, and Europe. The company offers travel trailers, Class A, Class B, and Class C motorhomes, conventional travel trailers and fifth wheels, motorcaravans, caravans, campervans, and urban vehicles. Thor also provides aluminum extrusion and specialized component products to RV and other manufacturers. Thor Industries, Inc. designs, manufactures, and sells recreational vehicles in the United States, Canada, and Europe.

• THOR Industries was founded in 1980 by Wade Thompson and Peter Orthwein with the purchase of Airstream.
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• Airstream’s reputation for quality solidified the company’s existence, and the company continued to thrive following the death of its founder in 1962.
• Under Thor, National would become its parent’s most profitable bus operation.

The acquisition of the legendary recreational vehicle and motor home manufacturer and the formation of the new company occurred simultaneously on August 29, 1980. The two new owners acted immediately to reverse the downward trend of Airstream’s fortunes. They moved to improve quality, reduce costs, strengthen dealer relationships, and enhance their famous product. Within a year, sales had increased
to $26 million, and they had achieved net income before taxes of $1 million, a $13 million turnaround. In 1967, Airstream was acquired by Beatrice Foods, as part of that company’s aggressive acquisition strategy into a bevy of non-food interests.

Thor Industries Posts Lower 3Q Profit, Sales as RV Market Stays Soft

You would need to contact Computershare for information regarding any plans they may offer. You can also purchase shares of Thor through a brokerage firm of your choice. However, the gasoline crisis of the 1970s and the resulting economic downturn hit Airstream hard. The company reportedly lost $12 million on sales of $22 million in 1979, and similar losses continued in 1980.

Company continues bold approach to sustainability ELKHART, Ind. , Oct. 27, 2022 /PRNewswire/ — For over 40 years, THOR Industries has utilized responsible and sustainable business practices to inspir… Polyfill as-a-service detects and returns a JavaScript bundle of polyfills based on the cu… Microsoft Azure is the Windows Azure Platform enables businesses https://day-trading.info/xtrade-forex-broker-xtrade-review-xtrade/ to run critical applicati… The most accurate and popular Thor Industries’ email format is first [1 letter] + last (ex. ). Thor Industries also uses first (ex. ) and first [1 letter] + last (ex. ) as email structures. Thor offers employees incentives based on productivity and profits while encouraging them to be actively involved in community programs.

THO Overview

An Airstream carried the crew of the space shuttle Discovery to their launch vehicle for their historic nine-day mission; in fact, every shuttle astronaut since has ridden in an Airstream. One share of THO stock can currently be purchased for approximately $106.35. Get this delivered https://trading-market.org/what-does-an-island-reversal-pattern-mean-the/ to your inbox, and more info about our products and services. Thor does not hold an investor conference call around its earnings release, however our Investor Relations representative is available to answer questions from investors and analysts by telephone or e-mail.

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