Thor industries, inc. (THO)
Income statement / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10Oct'09
Net sales

2,003,133

2,158,785

2,311,623

2,506,583

1,290,576

1,755,976

1,874,111

2,251,570

1,971,560

2,231,668

1,934,672

2,015,224

1,588,525

1,708,531

1,292,636

1,284,054

975,071

1,030,351

1,058,156

1,174,255

852,416

921,992

1,043,340

1,046,823

635,330

799,963

914,001

929,765

636,605

761,424

443,370

926,458

596,970

673,000

770,538

852,059

526,227

606,684

663,788

680,192

430,025

502,552

Cost of products sold

1,746,727

1,849,974

1,979,811

2,214,153

1,148,980

1,548,720

1,629,703

1,934,825

1,701,232

1,898,483

1,633,384

1,721,383

1,376,823

1,471,779

1,069,286

1,082,117

826,249

878,135

886,877

1,007,654

750,416

804,327

890,534

904,743

565,003

694,780

773,842

805,206

569,087

669,121

367,668

816,988

537,590

598,022

670,108

743,575

478,584

530,106

568,968

587,693

380,029

432,781

Gross profit

256,406

308,811

331,812

292,430

141,596

207,256

244,408

316,745

270,328

333,185

301,288

293,841

211,702

236,752

223,350

201,937

148,822

152,216

171,279

166,601

102,000

117,665

152,806

142,080

70,327

105,183

140,159

124,559

67,518

92,303

75,702

109,470

59,380

74,978

100,430

108,484

47,643

76,578

94,820

92,499

49,996

69,771

Selling, general and administrative expenses

162,357

188,464

171,299

176,983

85,069

102,693

106,644

119,449

117,088

134,263

109,446

111,122

96,969

102,310

89,616

80,833

67,366

68,454

69,660

68,940

54,302

57,989

59,652

56,953

43,766

48,341

53,743

52,571

41,634

46,702

26,592

46,963

36,245

38,460

44,839

50,386

40,742

44,891

38,729

42,824

31,087

34,767

Impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,113

-

-

-

-

-

0

0

0

710

-

-

-

-

-

-

-

-

-

1,430

0

2,036

-

500

-

-

Amortization of intangible assets

24,273

24,293

25,262

25,259

12,526

12,591

13,882

13,882

13,796

13,558

15,215

15,216

15,279

18,215

10,300

5,780

5,854

6,028

4,409

3,950

3,967

3,689

3,754

3,102

3,226

2,838

2,602

2,601

2,623

2,634

2,271

2,756

2,777

2,847

2,964

2,734

2,489

2,075

190

152

77

91

Acquisition-related costs

0

0

2,355

13,363

42,059

57,089

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on involuntary conversion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

766

1,818

2,031

4,802

-

2,283

-

-

Interest income

974

975

2,636

2,547

1,675

1,222

906

460

401

381

388

205

177

153

270

230

105

138

298

287

340

367

362

314

391

510

547

572

733

776

748

936

991

1,069

960

949

978

1,023

1,273

1,360

1,212

1,670

Interest expense

27,234

28,025

30,868

35,509

859

876

1,038

1,383

1,354

1,412

2,137

2,547

2,486

2,560

1,084

166

168

174

-

-

1

-

3

0

2

5

-1

2

2

3

-324

101

127

143

60

45

37

70

75

110

111

99

Other income (expense), net

1,404

-370

5,089

-2,340

-885

-3,712

598

-1,966

2,574

2,758

1,112

1,070

1,220

1,980

831

895

-538

-7

162

563

67

352

1,969

409

178

642

421

606

466

428

114

633

274

51

-151

662

-3

455

273

-351

-680

769

Income before income taxes

34,863

68,634

109,753

41,523

1,873

31,517

124,348

180,525

141,065

187,091

175,990

166,231

98,365

115,800

123,451

116,283

65,888

77,691

97,491

94,561

44,137

56,706

91,728

82,748

23,902

54,441

82,783

70,563

24,458

44,168

48,025

61,219

21,496

34,648

54,142

57,318

7,381

33,786

62,682

52,205

19,253

37,253

Income taxes

7,837

16,789

17,262

10,085

7,290

17,564

36,143

46,737

61,313

58,685

56,526

54,968

33,583

37,055

40,605

37,090

20,641

26,955

28,502

31,009

13,870

17,505

24,949

27,623

6,684

18,047

27,588

21,850

5,439

15,419

13,969

19,878

7,816

12,290

17,253

17,310

1,693

10,098

22,082

18,094

7,329

13,824

Net income (loss)

27,026

51,845

92,491

31,438

-5,417

13,953

-

133,788

-

-

-

-

-

-

82,846

79,193

45,247

50,736

68,989

63,552

30,267

39,201

66,779

55,125

17,218

36,394

55,195

48,713

19,019

28,749

-

-

-

-

-

-

-

-

-

-

-

-

Less: Net loss attributable to non-controlling interest

-1,647

780

436

-1,246

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-74

-611

-579

-239

-22

-707

-1,619

-276

-199

-3

-1,026

4,714

3,026

-4,956

877

2,239

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Thor Industries, Inc.

28,673

51,065

92,055

32,684

-5,417

13,953

-

133,788

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66,580

55,122

16,192

41,108

58,221

43,757

19,896

30,988

44,360

41,341

13,680

22,358

36,889

40,008

5,688

23,688

40,600

34,111

11,924

23,429

Weighted-average common shares outstanding:
Basic (in shares)

55,198

55,095

55,025

55,063

52,806

52,726

52,694

52,695

52,694

52,611

52,582

52,582

52,582

52,503

-

52,474

52,474

52,409

-

53,380

53,377

53,336

-

53,289

53,289

53,205

-

53,023

53,002

52,928

-

52,879

54,587

54,992

-

55,829

55,812

53,621

-

51,461

53,665

55,436

Diluted (in shares)

55,396

55,224

55,173

55,166

52,867

52,899

52,880

52,853

52,861

52,818

52,813

52,773

52,740

52,705

-

52,601

52,561

52,545

-

53,495

53,458

53,433

-

53,385

53,353

53,299

-

53,114

53,116

53,035

-

52,970

54,625

55,014

-

55,941

55,930

53,708

-

51,585

53,762

55,516

Earnings per common share from continuing operations:
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.58

1.51

0.86

0.97

1.31

1.19

0.57

0.73

1.26

1.03

0.32

0.68

1.04

0.92

0.36

0.54

-

-

-

-

-

-

-

-

-

-

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.57

1.51

0.86

0.97

1.30

1.19

0.57

0.73

1.26

1.03

0.32

0.68

1.04

0.92

0.36

0.54

-

-

-

-

-

-

-

-

-

-

-

-

Loss per common share from discontinued operations:
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

-0.01

-0.03

0.00

0.00

0.00

-0.02

0.09

0.04

-0.09

0.02

0.05

-

-

-

-

-

-

-

-

-

-

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-0.02

-0.03

0.00

-0.01

0.00

-0.02

0.09

0.07

-0.10

0.01

0.04

-

-

-

-

-

-

-

-

-

-

-

-

Earnings (loss) per common share:
Basic (in dollars per share)

0.52

0.93

1.72

0.59

-0.10

0.26

1.68

2.54

1.51

2.44

2.27

2.12

1.23

1.50

1.58

1.50

0.85

0.96

1.30

1.18

0.54

0.73

1.26

1.03

0.30

0.77

1.08

0.83

0.38

0.59

0.82

0.78

0.25

0.41

0.66

0.72

0.10

0.44

0.78

0.66

0.22

0.42

Diluted (in dollars per share)

0.52

0.92

1.72

0.59

-0.10

0.26

1.67

2.53

1.51

2.43

2.26

2.11

1.23

1.49

1.58

1.49

0.85

0.96

1.30

1.17

0.54

0.73

1.25

1.03

0.30

0.77

1.11

0.82

0.37

0.58

0.82

0.78

0.25

0.41

0.66

0.72

0.10

0.44

0.77

0.66

0.22

0.42

Regular dividends declared and paid per common share (in dollars per share)

-

0.40

-

0.39

-

0.39

0.37

0.37

0.37

0.37

0.33

0.33

0.33

0.33

-

0.30

0.30

0.30

-

0.27

0.27

0.27

-

-

-

-

-

-

-

0.18

-

-

-

0.15

-

0.10

0.10

0.10

-

0.07

0.07

0.07

Comprehensive income:
Net income (loss)

27,026

51,845

92,491

31,438

-5,417

13,953

-

133,788

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive loss, net of tax
Foreign currency translation adjustment

-11,902

993

-12,895

-34,183

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on derivatives, net of tax

-224

-3,722

-5,691

-3,781

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive loss, net of tax

-12,126

-2,729

-19,634

-37,964

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Comprehensive income (loss)

14,900

49,116

72,857

-6,526

-5,417

13,953

-

133,788

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Comprehensive loss attributable to non-controlling interest

-1,949

638

-85

-1,319

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized appreciation on investments, net of tax effects of $0, $0 and $12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

22

21

0

16

1

12

10

16

-31

-

-

-

-

-

-

-

-

Comprehensive income (loss) attributable to Thor Industries, Inc.

16,849

48,478

72,942

-5,207

-5,417

13,953

88,205

133,788

79,752

128,406

119,464

111,263

64,782

78,745

82,772

78,582

44,668

50,497

68,967

62,845

28,648

38,925

66,580

55,122

16,192

41,130

58,242

43,757

19,912

30,989

44,372

41,351

13,696

22,327

-

-

-

-

-

-

-

-

Goodwill and Intangible Asset Impairment

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Special dividends declared and paid per common share:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.50