News Release

ELKHART — Thor Industries Inc. has released the quarterly fiscal report. The report announced the company saw a drop in net income, pulling in $53.6 million, which is down from the $136 million the company reported during the same period in 2022.

Thor Industries Inc. CEO, Bob Martin, expresses his pleasure with the company’s start to the fiscal year, “We are pleased with our performance to start fiscal 2024 as the fiscal first quarter played out largely as expected. As anticipated, independent dealer de-stocking 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.”

Martin insists Thor Industries Inc. will continue to monitor trends and adapt production accordingly.

To view the full fiscal report, click here.