THOR Industries reported adjusted fourth-quarter fiscal 2026 earnings of 78 cents per share, missing the Zacks Consensus Estimate of 93 cents by 16.1% and falling 66.9% year over year, as North American margins came under pressure from lower volumes, promotions and higher costs. Quarterly revenues of $2.31 billion topped the Zacks Consensus Estimate of $2.15 billion by 7.4% but declined 8.4% year over year, while global independent dealer inventories fell 11.5% from a year earlier and European growth partly offset weaker North American results. Gross profit declined 23% year over year to $285.6 million, gross margin narrowed 230 basis points to 12.4%, net income attributable to THOR fell 67.5% to $40.8 million, and adjusted EBITDA dropped 37.1% to $131.7 million. Within the North American segments, Towable net sales fell 22.7% to $687.3 million on a 19.7% unit shipment decline to 20,616, and Motorized net sales declined 10.4% to $499.3 million as unit shipments fell 13.1% to 3,806, while European RV net sales rose 5% to $969.2 million on a 3.9% rise in unit shipments to 13,370. THOR ended fiscal 2026 with $482 million in cash and cash equivalents and total liquidity of $1.30 billion, reduced debt by $59.7 million and repurchased $115.1 million of shares during the year, and deferred fiscal 2027 guidance until it gathers feedback from key September industry events, expecting strategic initiatives and restructuring to improve annual earnings by more than $100 million once fully implemented.
Thor Industries IncQ4 adjusted EPS of 78 cents missed estimates by 16.1% and fell 66.9% year over year as North American margins contracted
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