THOR Industries Q2 Revenue Falls 8.4% to $2.31 Billion, Beats Estimates

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Summary · why it matters

THOR Industries reported second-quarter revenues of $2.31 billion, down 8.4% year on year but exceeding analysts' expectations by 6.1%, even as the company significantly missed analysts' EBITDA and EPS estimates. The RV maker's results came as the 11 automobile manufacturing stocks tracked in the group reported a mixed quarter, with revenues as a group beating consensus estimates by 2.2% while share prices fell an average of 11.1% since the latest earnings results. THOR stock is up 1.4% since reporting and currently trades at $70.93. Among peers, Rivian reported revenues of $1.66 billion, up 27.2% year on year and beating expectations by 7.9%, while Winnebago posted revenues of $698.7 million, down 9.9% year on year and missing expectations by 7.9%. Goodyear reported revenues of $4.25 billion, down 4.8% year on year, and Mobileye reported revenues of $508 million, flat year on year.

Impact on assets 6

Consumer Discretionary▲ · 4 stocks
Goodyear Tire & Rubber Co
GT
± MixedCapitalrelevance

Goodyear reported revenues of $4.25 billion, down 4.8% year on year, mentioned only as part of the mixed auto-manufacturing group.

Robotics & Physical AI▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
Rivian Automotive Inc
RIVN
± MixedCapitalrelevance

Rivian reported revenues of $1.66 billion, up 27.2% year on year and beating expectations, but is only a peer comparison in THOR's story.