Reports Q1 revenue $2.5B, consensus $2.5B. “We are pleased with our performance to start fiscal 2024 as the fiscal first quarter played out largely as expected. As anticipated, independent dealer destocking efforts in North America and seasonally lower first quarter production within our European segment impacted our unit shipment volumes during the quarter. Despite this, our fiscal 2024 first quarter financial performance demonstrates the collective efforts of our operating companies to prioritize profitability in a soft demand environment. Against this backdrop, our experienced operating teams remain focused on prudently managing cost structures and enacting commercial strategies to adapt to evolving market conditions. Over our history, the agility and flexibility of our business model has been core to our success and will continue to position THOR and its independent dealers well as we move through fiscal 2024 and beyond,” said Bob Martin, President and CEO of THOR Industries.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on THO:
- THOR Industries Announces First Quarter Fiscal 2024 Results
- Thor Industries price target raised to $108 from $94 at Citi
- Options Volatility and Implied Earnings Moves This Week, December 04 – December 08, 2023
- Thor Industries, Inc. (THO) Q1 Earnings Cheat Sheet
- THOR Industries Announces Date for its Fiscal 2024 First Quarter Earnings Release