Thor Industries Inc (THO) Q2 2019 10-Q Quarterly Earnings

Short answer

Thor Industries Inc (THO) filed its Q2 2019 10-Q quarterly report on Jun 10, 2019 for the quarter ended Apr 30, 2019.

AI summary of MD&A and risk factor updates

Quarterly revenue $2,506,583, up 11.3% YoY from $2,251,570, driven by $767,509 from EHG
Gross margin 11.7% vs 14.1% YoY; pretax margin 1.7% vs 8.0%
Best line: European motorcaravans, $506,964 revenue; worst: North American towables, down 23.1% to $1,237,255
Cash $461,112 vs $275,249 at July 31, 2018; nine-month operating cash flow $175,802
$1,658,577 EHG acquisition cash outlay; management expects North American growth resumption in 2020 amid inventory rationalization, tariffs and trade risks

Newly added acquisition risk: EHG exposes Thor to Brexit-related political and economic volatility
Regulatory risk: Euro 6d standards begin January 2020 for new models and January 2021 for all new vehicles
Operational risk: European emissions changes may constrain chassis availability for motorized RV production
Market risk: Emissions uncertainty could alter consumer buying patterns for European motorized RVs

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

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