Stock Monitor: REV Group Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 03, 2018 / Active-Investors.com has just released a free earnings report on Thor Industries, Inc. (NYSE: THO) ("Thor"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=THO. Thor posted its first quarter fiscal 2018 (Q1 FY18) results on November 29, 2017. The leading manufacturer of recreational vehicles revenues rose 30.62% on a y-o-y basis. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for REV Group, Inc. (NYSE: REVG), which also belongs to the Consumer Goods sector as the Company Thor Industries. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Thor Industries most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=THO

Earnings Highlights and Summary

Thor posted revenues of $2.23 billion in Q1 FY18 compared to $1.71 billion in Q1 FY17, increasing by 30.62% on a y-o-y basis. Revenue numbers? topped analysts? estimates of $1.95 billion.

The Company?s gross profit surged 40.73% to $333.19 million in the reported quarter compared to $236.75 million in the year earlier same quarter, due to strong production, favorable changes in the product mix, and selective net price rise. Thor?s selling, general, and administrative expenses (SG&A) amounted to $134.26 million in Q1 FY18 compared to $102.31 million, up by 31.23% on a y-o-y basis.

Thor posted net income of $128.41 million in the reported quarter compared to $78.75 million in Q1 FY17, reflecting growth of 63.07% on a y-o-y basis. The Company?s diluted earnings surged 63.09% to $2.43 per share in Q1 FY18 compared to $1.49 per share, surpassing analysts? estimates of $1.80 per share.

Thor?s Segment Details

Thor has two business segments, namely: (i) Towables; and (ii) Motorized.

The Towables segment had revenues of $1.62 billion in the reported quarter compared to $1.21 billion in Q1 FY17, advancing 33.66% on a y-o-y basis due to strong demand of the Company?s affordably-priced travel trailers. Earnings before interest and tax (EBIT) for this segment was $158.85 million in Q1 FY18 compared to $94.17 million in Q1 FY17, increasing by 68.68% on a y-o-y basis due to higher sales and improved gross margin. Towables segment had total assets of $1.69 billion in the reported quarter compared to $1.54 billion, rising by 9.78% on a y-o-y basis.

The Motorized segment had revenues of $566.61 million in Q1 FY18 compared to $461.45 million in Q1 FY17, increasing by 22.79% on a y-o-y basis due to robust rise in demand for Class A and Class C motorhomes. EBIT for this segment was $37.59 million in the reported quarter compared to $28.92 million in Q1 FY17, increasing by 29.95% on a y-o-y basis, due to growth in motorized sales and improved gross margins due to improved operating efficiencies, and also primarily because of Jayco which was acquired in 2016. The Motorized segment had total assets of $570.49 million in the reported quarter compared to $500.76 million in Q1 FY17, increasing by 13.92% on a y-o-y basis.

Cash Matters

Thor had cash and cash equivalents of $151.46 million at the end of Q1 FY18 compared to $161.71 million in Q1 FY17. The Company had operating cash inflows of $13.42 million in the reported quarter compared to $1.26 million in Q1 FY17.

On October 10, 2017, the Company declared quarterly dividends of $0.37 per share payable on November 07, 2017, to be paid to shareholders of record as on October 24, 2017. Thor incurred capital expenditures of $34.28 million in Q1 FY18, adding and improving land as well as production buildings plus replacing old machines and equipments used in the business during the reported quarter.

Outlook

In Q2 FY18, Thor anticipates revenues of $2.21 billion with earnings of $2.35 per share. For fiscal 2019, Thor expects sales to be approximately $8.64 billion with earnings of $9.63 per share.

Stock Performance Snapshot

January 02, 2018 - At Tuesday?s closing bell, Thor Industries? stock rose 3.08%, ending the trading session at $155.36.

Volume traded for the day: 706.85 thousand shares, which was above the 3-month average volume of 630.99 thousand shares.

Stock performance in the last month ? up 1.18%; previous three-month period ? up 21.50%; past twelve-month period ? up 55.28%; and year-to-date ? up 3.08%

After yesterday?s close, Thor Industries? market cap was at $8.31 billion.

Price to Earnings (P/E) ratio was at 19.35.

The stock has a dividend yield of 0.95%.

The stock is part of the Consumer Goods sector, categorized under the Recreational Vehicles industry. This sector was up 0.5% at the end of the session.

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