THO Thor Industries Inc Stock Overview U.S.: NYSE

THOR Industries declared that its board has approved a stock repurchase program on Tuesday, December 21st 2021, which authorizes the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its stock is undervalued. Thor Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. Opting not to practice law, Byam entered the booming advertising business of the late 1920s. He first worked as a copywriter for the Los Angeles Times and then became owner of his own ad agency.

• Of more than 300 travel trailer companies in operation in 1936, Byam’s company was the only one to survive.
• According to 8 analysts, the average rating for THO stock is “Hold.” The 12-month stock price forecast is $92.57, which is a decrease of -13.39% from the latest price.
• The North American Motorized Recreational Vehicles segment consists of Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach), Thor Motor Coach and Tiffin Group (Tiffin Motorhomes, Inc).
• THOR Industries declared a quarterly dividend on Thursday, June 22nd.
• 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.

The North American Motorized Recreational Vehicles segment consists of Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach), Thor Motor Coach and Tiffin Group (Tiffin Motorhomes, Inc). The European Recreational Vehicles segment consists of the EHG business. EHG manufactures a full line of motorized and towable recreational vehicles, including motor caravans, campervans urban vehicles and caravans in eight RV production facilities within Europe. With Airstream again a profitable enterprise, Thompson and Orthwein searched for another likely acquisition. In 1982, they purchased the recreational vehicle operations of Commodore Corporation.

Thor Industries Top Competitors And Email Format

These distinctive, silver, bullet-shaped trailers were immensely popular travel vehicles in the late 1940s and throughout the 1950s, becoming famous for their unique design and durability. Airstreams would later be exhibited at both the Smithsonian Institution and the Henry Ford museum, and early models would be highly prized by collectors. More than 60 percent of all Airstreams ever built were still rolling along the nation’s highways and back roads in the 21st century. This content does not constitute financial advice and has not been prepared to take into account your individual circumstances. As investments carry risk, you should do your own research and consider getting advice from a licensed tax or financial advisor before making an investment decision.

Thompson and Orthwein, who retained control of the company, planned to continue to seek acquisition opportunities in recreational vehicles, buses, and related industries. THOR Industries was founded in 1980 by Wade Thompson and Peter Orthwein with the purchase of Airstream. Thor Industries is a manufacturer of towable and motorized recreational vehicles. Some industry observers agreed with Thor executives that, as baby boomers move into their 50s and 60s—the target recreational vehicle demographic—sales would enjoy significant growth. They pointed out that, between 2000 and 2005, four million people, or 11,000 potential new buyers each day, would turn 50. Meanwhile, Thompson and Orthwein continued to make strategic acquisitions on the recreational vehicle side.

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Acquisitions aside, Thor was also cultivating a sense of civic responsibility as part of its corporate culture. Specifically, Thor took the lead in raising the awareness level of prostate cancer and in encouraging its early detection. Its “Drive against Prostate Cancer,” inspired by the company’s chairman, president https://trading-market.org/content-analysis-method-and-examples/ and CEO, Wade Thompson, a cancer survivor, offered free screening to more than 8,000 men and raised significant funds for cancer research. The New York Stock Exchange recognized Thor’s public service initiative by offering company executives the opportunity to ring the stock market’s closing bell on June 16, 2000.

Beatrice made Airstream a division, allowing it, however, to operate autonomously. Airstream continued to produce high quality vehicles, and in 1979, introduced its first motor home. Featuring riveted aluminum construction, like its trailer counterpart, and pioneering a new level of aerodymanic efficiency, the motor home soon became a popular addition to the Airstream line.

Thor Motor Coach

Additionally, a detailed Q&A is issued quarterly and available on our website. According to 8 analysts, the average rating for THO stock is “Hold.” The 12-month stock price forecast is $92.57, which is a decrease of -13.39% from the latest price. Over the next decade, until his death in 1962, Byam continued to refine the Airstream design, and his company prospered. Putting into practice his mission “to refine and perfect our product by continuous travel-testing https://currency-trading.org/education/foreign-exchange-analysis-news-headlines/ of the highways and byways of the world,” he led a group of Airstream drivers through remote areas of Central America in 1951. This was the first of many such caravans that he and other Airstream enthusiasts made to Africa, Europe, the Soviet Union, China, Australia, New Zealand, and more. Intrepid travelers, organized as the Wally Byam Caravan Club International, would continue to explore the world in their Airstreams through the 1990s.

Finally, in 1998, Thor added Champion to its bus-manufacturing group. Meanwhile, the company’s bus business was on track to continued success. In the growing $700 million mid-size bus industry, Thor had an estimated 35 percent market share and was larger than its next three competitors combined. Major bus customers included rental car companies, who used the buses to
ferry customers around airports, New Jersey Transit, the Los Angeles Department of Transportation, Cal Trans, and Marriott Hotels. (IFC’s fuel cells had powered every NASA space shuttle mission.) The first fuel-cell-powered bus was scheduled to be built in California in 2001. Thor had exclusive rights for the use of IFC’s fuel cells in the complete drive system, called ThunderPower, for all North American midsized buses.

To see all exchange delays and terms of use please see Barchart’s disclaimer. THOR Industries updated its FY 2023 earnings guidance on Wednesday, June, 7th. The company provided earnings per share guidance of $5.80-$6.50 for the period, compared to the consensus earnings per share estimate of $5.64. The company issued revenue guidance of $10.50 billion-$11.00 billion, compared to the consensus revenue estimate of $11.03 billion. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. The most used employees email address of Thor Industries is , being used 43.7% of the time.

Price Target and Rating

No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided. In 1984, Thor went public, and in 1986 gained listing on the New York Stock Exchange. That year, Forbes magazine ranked Thor sixth out of 200 best small https://day-trading.info/what-causes-a-bond-s-price-to-rise/ companies in America. In 1987, Money magazine named Airstream travel trailers one of 99 “best-made products” in America. Combining the first two letters of their last names, Thompson and Orthwein formed Thor Industries, Inc. in order to acquire Airstream.

We announce dates for our quarterly earnings reports approximately one month in advance of their release. The annual meeting of shareholders is held in December of each year, on a date announced in our notice of annual meeting and proxy statement.

In 1995, Thor introduced the lightweight Aerolite, a laminated, aerodymanic European-style travel trailer. Sold at an affordable price, the Aerolite proved ideal for towing behind smaller cars as well as mini-vans and sports-utility vehicles. Thor California started up in 1995 with the introduction of two new lines of travel trailers and fifth wheel vehicles, Tahoe and Wanderer. In less than five years, Tahoe or Wanderer had become the best-selling vehicle of its kind in Colorado, Arizona, Nevada, New Mexico, and Alberta, Canada. When Wade F.B. Thompson and Peter B. Orthwein purchased Airstream in 1980, they had been involved in the recreational vehicle business for only three years.

It’s a commitment reaching far into the future, and well beyond the next twenty years. THOR Industries declared a quarterly dividend on Thursday, June 22nd. Investors of record on Friday, July 7th will be given a dividend of $0.45 per share on Friday, July 21st. You may explore our subsidiary websites to find out more about the RV products that are made by our subsidiaries.

Thor Industries, Inc., is the nation’s second largest manufacturer of recreation vehicles and the largest builder of mid-size buses. The company manufacturers such popular recreation vehicles as Airstream, Land Yacht, Dutchmen, Signature, Four Winds, Tahoe and others, as well as buses under the names of El Dorado, National, and Champion. Through 13 recreational vehicle and bus manufacturing plants in the United States and two in Canada, Thor annually produces approximately 40,000 vehicles. In January 2000, Thor was named by Forbes magazine to its Platinum 400 list of “exceptional big corporations,” based on its profitability as well as its prospects for long- and short-term growth. Continuing to modify the basic design, Byam began to introduce a more aerodynamic look to his trailers and to adopt aircraft construction methods in order to lessen wind resistance.

In 1936, the Airstream Trailer Co. introduced the famous Clipper model, named after the Pan Am Clipper, the first transatlantic plane to carry people in numbers. With the capacity to sleep four, the bullet-shaped Clipper had a shiny, riveted aluminum body, carried its own water supply, featured an enclosed galley, and was fitted with electric lights. Even with a $1,200 price tag—very expensive during the Depression—the meticulously constructed Airstream was a winner. Of more than 300 travel trailer companies in operation in 1936, Byam’s company was the only one to survive. As it entered 2001, Thor believed that the $8 billion recreational vehicle industry, which included about 75 manufacturers, would continue to consolidate.

THOR Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. It also provides aluminum extrusion and specialized component products to RV and other manufacturers; and digital products and services for RVs. The company provides its products through independent and non-franchise dealers. THOR Industries, Inc. was incorporated in 1980 and is based in Elkhart, Indiana.