Thor Industries has authorized a stock buyback of up to $400 million through July 2027, amid an industry slump and perceived undervaluation in equity markets. CEO Bob Martin stated the move showcases the company's cash generation ability, despite challenging market conditions and underperformance relative to the S&P 500 index. Thor expects RV shipments to decline, reflecting soft demand and challenges such as high material costs from tariffs. Competitor Winnebago also adjusted its financial outlook, indicating broader industry issues.
Our ability to repurchase this volume of shares is a testament to our ability to generate cash even in tougher markets.
Thor is forecasting wholesale RV shipments between 320,400 and 337,000 for the industry, which would likely mean a decline over the 333,733 towable and motorized vehicles achieved last year.
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