Thor Industries: Rising Consumer Spending Brings Increasing Revenue for the RV Manufacturer!
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Business drivers: Thor Industries (THOR) is one of the world's leading manufacturers of camping buses, caravans, and camper vans. With its wide range of so-called Recreational Vehicles, Thor Industries benefits from the trend towards individual vacations. Recently, despite the overall cautious consumer demand, the company has reported solid growth, particularly in the US market. On June 4, the company surprised with better-than-expected Q1 results, reporting an adjusted EPS of $2.53, which was significantly above analyst estimates of $1.83....
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