Thor Industries, Inc THO News, Articles, Events & Latest Updates

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. Moreover, parent Beatrice was struggling to manage its vast holdings and remain profitable.

When readers wrote to complain that their homemade trailer projects had failed, Byam tested the directions himself and found that they were, indeed, defective. 7 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for THOR Industries in the last year. The consensus among Wall Street analysts is that investors should “hold” THO shares. 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. Thor Industries common email format is , being used 43.7% of the time.

THO vs Recreational Vehicle Stocks

Additionally, a detailed Q&A is issued quarterly and available on our website. THOR Industries issued an update on its FY 2023 earnings guidance on Wednesday, June, 7th. The company provided EPS guidance of $5.80-$6.50 for the period, compared to the consensus EPS 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. Condition and years of solid growth are clear indicators that we will be here to serve you for years to come.

Thor became a publicly traded company in 1984 and was later listed on the New York Stock Exchange in 1986.

THO Overview

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 27th 2023. You may explore our subsidiary websites to find out more about the RV products that are made by our subsidiaries. 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.

This buyback authorization authorizes the company to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued. Thor Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. Combining the first two letters of their last names, Thompson and Orthwein formed Thor Industries, Inc. in order to acquire Airstream. 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.

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. THOR Industries was founded in 1980 by Wade Thompson and Peter Orthwein with the purchase of Airstream.

THO Stock News Headlines

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 https://trading-market.org/macd-stocks-explained/ time. 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.

• It also provides aluminum extrusion and specialized component products to RV and other manufacturers.
• To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option.
• Through 13 recreational vehicle and bus manufacturing plants in the United States and two in Canada, Thor annually produces approximately 40,000 vehicles.
• 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.
• That year, Forbes magazine ranked Thor sixth out of 200 best small companies in America.

Thor Industries is a manufacturer of towable and motorized recreational vehicles. 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 https://day-trading.info/series-i-savings-bond-rates-steady-at-1-9/ 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.

MarketWatch

We think this extra peace of mind is important when you are making a significant investment. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription.

• You must click the activation link in order to complete your subscription.
• This represents a $1.80 dividend on an annualized basis and a yield of 1.66%.
• 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.
• Combining the first two letters of their last names, Thompson and Orthwein formed Thor Industries, Inc. in order to acquire Airstream.
• Even with a $1,200 price tag—very expensive during the Depression—the meticulously constructed Airstream was a winner.

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. 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. 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.

Thor Industries

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. As it entered 2001, Thor believed that the $8 billion recreational vehicle industry, which included about 75 manufacturers, would continue to consolidate. Thompson and Orthwein, who retained control of the company, planned to continue to seek acquisition opportunities in recreational vehicles, buses, and related industries.

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. https://currency-trading.org/education/forex-bank-trading-strategy/ designs, manufactures, and sells recreational vehicles in the United States, Canada, and Europe. The company provides travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes. It also provides aluminum extrusion and specialized component products to RV and other manufacturers.

A new CEO in 1980, James Dutt, began selling off non-core companies, and those that could not provide Beatrice with at least a 20 percent return on net assets. Airstream’s reputation for quality solidified the company’s existence, and the company continued to thrive following the death of its founder in 1962. Its design excellence placed it at the forefront anywhere trailers were required, and the vehicle proved easily adaptable to government and military needs. Specially equipped Airstream trailers, for example, were set up around the vast White Sands missile range to provide a temporary office for President John F. Kennedy when he visited the site. When astronauts Neil Armstrong, Mike Collins, and Ed Aldrin returned from the first lunar landing in 1969, they were quarantined in a specially designed Airstream Mobile Quarantine Facility aboard the U.S.S Hornet. 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.

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. Thor Industries Incorporated is a recreational vehicles manufacturer in the U.S., Canada, and Europe.