Short answer
Thor Industries Inc (THO) filed its fiscal 2016 10-K annual report with the SEC on Sep 26, 2016.
- Top risk flagged: NHTSA enforcement under the National Traffic and Motor Vehicle Safety Act: vehicle recalls could materially harm results
Thor Industries Inc FY2016 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- RV manufacturer selling primarily through independent U.S. and Canadian dealers, with towable and motorized segments
- Jayco acquired for $576,060, adding towable, motorized and luxury RV offerings plus an exclusive dealer base
- Fiscal 2016 backlog surged to $735,085 towable and $461,762 motorized, up 141.8% and 71.0%
- Jayco expanded workforce by approximately 3,400, bringing total employees to approximately 14,900
- Combined market share reached 35.7% in towables and 25.3% in motorhomes, excluding Jayco; Jayco added 14.7% and 9.2% respectively
Management Discussion & Analysis
- Revenue $4,582,112, up $575,293 or 14.4% YoY, with motorized sales up 25.7% to $1,094,250
- Gross margin 15.9% vs 13.9%, pretax margin 8.4% vs 7.3%, driven by favorable product mix and cost management
- Best segment motorized: sales $1,094,250, pretax margin 8.1% vs 7.7%; worst towables margin 9.6% vs 8.4%
- Operating cash flow $341,209, Jayco acquisition $557,651, capex $51,976, dividends $62,970
- Outlook: fiscal 2017 capex approximately $95,000; risks include commodity costs, chassis shortages, interest rates and consumer demand
Risk Factors
- NHTSA enforcement under the National Traffic and Motor Vehicle Safety Act: vehicle recalls could materially harm results
- Canadian exposure: stronger U.S. dollar already adversely impacted sales to Canadian dealers
- Drew concentration: major supplier of windows, doors, chassis, axles and slide-out mechanisms
- FreedomRoads concentration: 20% of fiscal 2016 consolidated net sales
- Credit facility covenants: noncompliance could restrict dividends, transactions or lender access to cash accounts
Generated from the filing text; verify against the original. How to read a 10-K
Other Thor Industries Inc annual reports
- FY2019 10-KFiled Sep 30, 2019
- FY2018 10-KFiled Sep 20, 2018
- FY2017 10-KFiled Sep 27, 2017
- FY2015 10-KFiled Sep 21, 2015
- FY2014 10-KFiled Sep 25, 2014
- FY2013 10-KFiled Sep 26, 2013
- FY2012 10-KFiled Sep 26, 2012
- FY2011 10-KFiled Sep 28, 2011
- FY2010 10-KFiled Sep 29, 2010
- FY2009 10-KFiled Sep 29, 2009
- FY2008 10-KFiled Sep 29, 2008
- FY2007 10-KFiled Oct 1, 2007
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.