10-Q quarterly report · filed Mar 6, 2019

Thor Industries Inc (THO) Q1 2019 10-Q Quarterly Report

Short answer

Thor Industries Inc (THO) filed its Q1 2019 10-Q quarterly report on Mar 6, 2019 for the quarter ended Jan 31, 2019.

Thor Industries Inc Q1 2019 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $1,290,576, down 34.5% YoY from $1,971,560
  • Gross margin 11.0% vs 13.7% YoY, pretax margin 0.1% vs 7.2%
  • Towables largest segment: revenue $881,564, down 35.8%; gross margin 10.9% vs 14.4%
  • Cash $305,833 vs $275,249, operating cash flow $134,630, capital expenditures $54,802
  • EHG acquisition closed for approximately $1.7 billion; RVIA forecast 2019 shipments down 4.9% to 460,100 units

Risk Factors

  • Acquisition risk: EHG acquisition on February 1, 2019 added exposure to integration costs and delays
  • Debt risk: $2.2 billion combined indebtedness, with most debt at floating interest rates
  • Regulatory risk: EHG integration requires U.S. GAAP, Sarbanes-Oxley, Dodd-Frank and SEC compliance
  • Operational risk: EHG’s public-company reporting controls may require significant management resources
  • Guarantee risk: Assumed EHG guarantees could require cash settlement above initial expectations

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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