Thor Industries Files 2024 10-K Report

TL;DR

THO filed its 2024 10-K. RV giant's annual report is in.

AI Summary

Thor Industries Inc. reported its fiscal year 2024 results ending July 31, 2024. The company, a major manufacturer of recreational vehicles, filed its annual 10-K report with the SEC. Key financial details and operational highlights for the fiscal year are detailed within this comprehensive filing.

Why It Matters

This filing provides investors and analysts with a detailed overview of Thor Industries' financial performance and strategic positioning for the fiscal year 2024, crucial for understanding the company's health and future prospects in the RV market.

Risk Assessment

Risk Level: medium — The filing is a standard annual report, but the RV industry can be cyclical and sensitive to economic conditions, introducing inherent risks.

Key Players & Entities

• THOR INDUSTRIES INC (company) — Filer of the 10-K report
• 20240731 (date) — Fiscal year end date for the report
• 0000730263-24-000010 (document_id) — Accession number for the filing
• DE (state) — State of incorporation
• ELKHART (city) — City of business and mailing address
• IN (state) — State of business and mailing address

FAQ

Key Financial Figures

• $0.10 — ich registered Common stock (Par value $0.10 Per Share) THO New York Stock Exchange

Filing Documents

• tho-20240731.htm (10-K) — 2487KB
• tho7312024exhibit1018.htm (EX-10.18) — 1362KB
• tho7312024exhibit191.htm (EX-19.1) — 90KB
• tho7312024exhibit211.htm (EX-21.1) — 38KB
• tho7312024exhibit231.htm (EX-23.1) — 2KB
• tho7312024exhibit311.htm (EX-31.1) — 11KB
• tho7312024exhibit312.htm (EX-31.2) — 11KB
• tho7312024exhibit321.htm (EX-32.1) — 5KB
• tho7312024exhibit322.htm (EX-32.2) — 6KB
• tho7312024exhibit971.htm (EX-97.1) — 11KB
• tho-20240731_g1.jpg (GRAPHIC) — 185KB
• 0000730263-24-000010.txt ( ) — 14361KB
• tho-20240731.xsd (EX-101.SCH) — 70KB
• tho-20240731_cal.xml (EX-101.CAL) — 133KB
• tho-20240731_def.xml (EX-101.DEF) — 314KB
• tho-20240731_lab.xml (EX-101.LAB) — 914KB
• tho-20240731_pre.xml (EX-101.PRE) — 641KB
• tho-20240731_htm.xml (XML) — 2062KB

RISK FACTORS

ITEM 1A. RISK FACTORS 12

UNRESOLVED STAFF COMMENTS

ITEM 1B. UNRESOLVED STAFF COMMENTS 25

CYBERSECURITY RISK MANAGEMENT, STRATEGY AND GOVERNANCE

ITEM 1C. CYBERSECURITY RISK MANAGEMENT, STRATEGY AND GOVERNANCE 25

PROPERTIES

ITEM 2. PROPERTIES 26

LEGAL PROCEEDINGS

ITEM 3. LEGAL PROCEEDINGS 27

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES 27 PART II

MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 28

(RESERVED)

ITEM 6. (RESERVED) 30

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 31

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 50

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA – SEE ITEM 15

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA – SEE ITEM 15 51

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 52

CONTROLS AND PROCEDURES

ITEM 9A. CONTROLS AND PROCEDURES 52

OTHER INFORMATION

ITEM 9B. OTHER INFORMATION 54

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTION

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTION 54 PART III

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 55

EXECUTIVE COMPENSATION

ITEM 11. EXECUTIVE COMPENSATION 55

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 55

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 56

PRINCIPAL ACCOUNTING FEES AND SERVICES

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 56 PART IV

EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 57

SIGNATURES

SIGNATURES 60 PART I Unless otherwise indicated, all Dollar and Euro amounts are presented in thousands except per share data.

BUSINESS

ITEM 1. BUSINESS General Our Company was founded in 1980 and has grown to become the largest manufacturer of recreational vehicles ("RVs") in the world. We are also the largest manufacturer of RVs in North America, and one of the largest manufacturers of RVs in Europe. The Company manufactures a wide variety of RVs in the United States ("U.S.") and Europe, and sells those vehicles, as well as related parts and accessories, primarily to independent, non-franchise dealers throughout the United States, Canada and Europe. We are incorporated in Delaware and are the successor to a corporation of the same name which was incorporated in Nevada on July 29, 1980. Our principal executive office is located at 601 East Beardsley Avenue, Elkhart, Indiana 46514 and our telephone number is (574) 970-7460. Our Internet address is www.thorindustries.com . We maintain copies of our recent filings with the Securities and Exchange Commission ("SEC"), available free of charge, on our web site. Unless the context otherwise requires or indicates, all references to "THOR", the "Company", "we", "our" and "us" refer to THOR Industries, Inc. and its subsidiaries. Our principal North American recreational vehicle operating subsidiaries are Airstream, Inc. (" Airstream "), Heartland Recreational Vehicles, LLC (" Heartland ", which includes Cruiser RV, LLC (" CRV ") and DRV, LLC (" DRV ")), Jayco, Inc. (" Jayco ", which includes Jayco, Starcraft, Highland Ridge and Entegra Coach), Keystone RV Company (" Keystone ", which includes CrossRoads and Dutchmen), K.Z., Inc. (" KZ ", which includes Venture RV), Thor Motor Coach, Inc. (" Thor Motor Coach ") and Tiffin Motorhomes, Inc. (" Tiffin Group "). Our European recreational vehicle operations include eight primary RV production locations producing numerous brands within Europe, including Buccaneer, Buerstner, Carado, CrossCamp, Dethleffs, Elddis, Eriba, Etrusco, Hymer, Laika, LMC, Niesmann+Bischoff, Sunlight and Xplore. North American Recr

View Full Filing

View this 10-K filing on SEC EDGAR