Thor Industries Q3 2024 10-Q Filing

Ticker: THO · Form: 10-Q · Filed: 2024-06-05T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, RV industry

TL;DR

**THOR INDUSTRIES Q3 2024 10-Q FILED: Financials and operational details for investors.**

AI Summary

Thor Industries Inc. filed its 10-Q for the period ending April 30, 2024. The filing details the company's financial performance and position, including its assets, liabilities, and equity. Specific financial figures and operational details are presented within the report, which is crucial for investors and stakeholders to assess the company's health and future prospects.

Why It Matters

This filing provides investors with a detailed look at Thor Industries' financial standing and operational performance for the third quarter of fiscal year 2024, enabling informed investment decisions.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific content can reveal significant financial health indicators, market position, and potential risks for the company.

Key Players & Entities

FAQ

What is the reporting period for this 10-Q filing?

The 10-Q filing is for the period ending April 30, 2024.

When was this 10-Q filed with the SEC?

This 10-Q was filed on June 5, 2024.

What is Thor Industries' Standard Industrial Classification (SIC) code?

Thor Industries' SIC code is MOTOR HOMES [3716].

What is the company's fiscal year end?

Thor Industries' fiscal year ends on July 31.

What is the company's primary business address?

The company's business address is 601 E. Beardsley Avenue, Elkhart, IN 46514.

Filing Stats: 4,697 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-06-05 06:33:34

Key Financial Figures

Filing Documents

– FINANCIAL INFORMATION (Unless otherwise indicated, amounts in thousands except share and per share data.)

PART I – FINANCIAL INFORMATION (Unless otherwise indicated, amounts in thousands except share and per share data.)

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS THOR INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) April 30, 2024 July 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 371,819 $ 441,232 Accounts receivable, trade, net 642,571 543,865 Accounts receivable, other, net 187,439 99,354 Inventories, net 1,578,147 1,653,070 Prepaid income taxes, expenses and other 90,273 56,059 Total current assets 2,870,249 2,793,580 Property, plant and equipment, net 1,379,541 1,387,808 Other assets: Goodwill 1,777,335 1,800,422 Amortizable intangible assets, net 889,373 996,979 Deferred income tax assets, net 12,096 5,770 Equity investments 132,270 126,909 Other 157,333 149,362 Total other assets 2,968,407 3,079,442 TOTAL ASSETS $ 7,218,197 $ 7,260,830 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 802,000 $ 736,275 Current portion of long-term debt 35,491 11,368 Short-term financial obligations 67,957 49,433 Accrued liabilities: Compensation and related items 191,122 189,324 Product warranties 320,457 345,197 Income and other taxes 86,515 100,631 Promotions and rebates 152,960 163,410 Product, property and related liabilities 23,789 54,720 Other 58,804 66,124 Total current liabilities 1,739,095 1,716,482 Long-term debt, net 1,209,054 1,291,311 Deferred income tax liabilities, net 64,544 75,668 Unrecognized tax benefits 12,135 14,835 Other liabilities 185,022 179,136 Total long-term liabilities 1,470,755 1,560,950 Contingent liabilities and commitments Stockholders' equity: Preferred stock – authorized 1,000,000 shares; none outstanding — — Common stock – par value of $ .10 per share; authorized 250,000,000 shares; issued 66,859,738 and 66,344,340 shares, respectively 6,686 6,634 Additional paid-in capital 568,905 539,032 Retained earnings 4,190,126 4,091,563 Accumulated other comprehensive loss, net of tax ( 110,541 ) ( 68,547 ) Less: Treasury shares of 13,661,

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