Thor Industries (THO.US) Q4 Sales Decline But Net Profit Remains Flat, Market Focuses On Trailer Industry Headwinds

Thor Industries (THO.US) reported its fourth-quarter earnings, with sales down 7.4% YoY to $2.53 billion, slightly above the market's expectation of $2.47 billion. Although net profit was flat YoY at $90.02 million, or $1.68 per share, management pointed out that macroeconomic challenges remain obstacles to industry development. In the North American towable trailer segment, although unit shipments increased 16.3% YoY, net sales only grew 0.1%, with unit net prices down 16.2%. In the North American motorized trailer segment, unit shipments and net sales decreased 25.1% and 21.2%, respectively. Despite this, Thor Industries remains confident about its future development and expects full-year revenue of $9.0-9.8 billion and EPS of $4.00-5.00, with a midpoint of $4.50, while the market consensus is $10.1 billion and $5.85, respectively.