THOR Industries, Inc. (NYSE:THO) reported better-than-expected first quarter fiscal 2026 results on Thursday, with revenue rising 11.5% year over year to $2.39 billion as the recreational vehicle manufacturer gained market share despite persistent consumer headwinds.
According to an article by Investing.com, shares of the company increased 1.62% in pre-market trading following the announcement, reflecting investor optimism around the improved performance.
THOR posted earnings of $0.41 per share, a notable turnaround from the loss of -$0.03 per share recorded in the same quarter last year.
Executives attributed the improvement to disciplined operational execution and a stronger product mix across several key business segments.
The North American Motorized RV division was the biggest driver of growth, posting a 30.9% jump in sales to $661.1 million, supported by a 32.3% rise in unit shipments.
The European RV segment also contributed positively, delivering an 8.4% increase in sales to $655.5 million.
Meanwhile, North American Towable RV sales held steady at $897.1 million, showing stability in a category that has experienced fluctuating demand throughout the year.
“The quarter finished stronger than we expected, and we are excited about the impact of the actions we are taking to improve the strength of our business,” said Bob Martin, President and CEO of THOR Industries.
“While dealers have a near-term cautious tone around the state of the consumer, I have never felt more confident about the long-term health of the industry and our Company,” Bob added.
Gross profit margin improved by 30 basis points to 13.4%, reflecting ongoing efforts to streamline operations and manage costs, even as the company noted “unprecedented consumer uncertainty” tied to government shutdown talks and tariff concerns.
THOR reaffirmed its full-year fiscal 2026 outlook, projecting consolidated net sales between $9.0 billion and $9.5 billion and diluted earnings per share of $3.75 to $4.25.
This development underscores how large manufacturers with strong global footprints can remain resilient and continue supporting the broader RV and outdoor recreation market.