Thor Industries

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Thor Industries
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The Hymer Free 600 is a 2023 model year camper van based on the Fiat Ducato 8 with a 103 kW (140 hp) engine and a six-speed manual gearbox. The test vehicle was priced at 78,840 euros. It measures 599 cm long, 208 cm wide and 289 cm high, with four seats and four berths. The review notes high-quality interior build, easy controls and good lighting, but few built-in sockets and USB ports and no roof hatches. The manufacturer Erwin Hymer Group is a subsidiary of Thor Industries.

Thor Industries ended fiscal year 2025–2026 with net income of $177.54 million, down 31.3% from the previous year. Revenue rose 0.3% to $9,608 million, exceeding guidance. North American travel trailer sales fell 16.1%, while motorhome sales rose 12.8%. European revenue increased 9% to $3,296.7 million.

Fuel prices ·
US United States
cheapest in EU €1.48 here priciest in EU
Diesel ▼ -0.80%
$1.65/L
€1.48/L
Petrol 95 ▼ -3.20%
$1.09/L
€0.97/L
LPG ▼ -1.10%
$0.94/L
€0.84/L
Fill the tank
80 L
$132.39
Consumption
10 L/100km
$16.55

THOR Industries in its fiscal 2026 annual report flagged that the proposed merger of Patrick Industries and LCI Industries could increase component costs and reduce supplier numbers.

Entegra Coach has introduced the Embark Class A motorhome, which uses electric propulsion supplemented by a gasoline-powered range extender. The vehicle offers about 105 miles of battery-only range and up to 450–500 miles total depending on configuration and conditions. It is built on an electric medium-duty chassis from Harbinger Motors with a 140-kWh battery mounted low and centrally. An 800-volt architecture supports DC fast charging, 240-volt home charging, and campground power. The Embark can also provide backup power for a home during outages. THOR Industries plans to offer the model through its THL rental fleet for real-world feedback.

Thor Industries reported an 8.4% sales decline and a 67.5% earnings drop in fiscal Q4 2026. Full-year sales rose 0.3% to $9.61 billion, while earnings fell 30.2%.

Keystone RV and its dealers achieved their strongest retail sales at the America's Largest RV Show in Hershey, Pennsylvania, since before the pandemic, setting several fifth-wheel sales records.

Industry

Four companies control the majority of RV brands in the North American market: REV Group, Forest River, Winnebago, and Thor Industries. REV Group owns Holiday Rambler, Fleetwood, American Coach, and Monaco Coach; Forest River, owned by Warren Buffett, includes Coachmen, Berkshire Luxury Coach, Dynamax, and East To West; Winnebago owns Grand Design and Newmar; Thor Industries owns Airstream, Dutchmen, Jayco, Tiffin, and CrossRoads. Consolidation may lower costs and simplify the supply chain, but can also lead to reduced quality control and cookie-cutter designs.

The annual Open House event in Elkhart, Indiana, will showcase new RVs for the 2027 model year. RV PRO's preview lists participating OEMs such as Forest River, Thor Industries, Keystone RV, Airstream, Winnebago, and others. New models, brands, floorplans, and features will be on display.

Industry

According to a report by Spherical Insights & Consulting, the global motorhome market is projected to grow from USD 37.8 billion in 2025 to USD 61.5 billion by 2035, at a CAGR of 5.0%. Growth is driven by rising road tourism, expanding RV infrastructure, adoption of smart and sustainable technologies, and the rise of digital nomads. North America leads in revenue; Asia-Pacific is the fastest-growing region. Key players include Thor Industries, Winnebago, Forest River, Hymer, and REV Group.

THOR Industries announced on LinkedIn that Thor Motor Coach is the official RV partner for the race weekend at EchoPark Speedway. From July 11 to July 12, Thor Motor Coach will provide complimentary RV repair services for RVers in Speedway Motorsports’ campgrounds. The complimentary mobile service includes one hour of service, during which Campers Inn certified technicians can perform appliance checks, AC cleaning, slide maintenance, and generator oil changes.

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Thor Industries has introduced the Airstream Basecamp 20, a 20-foot 2-inch travel trailer with a base weight of 3,400 pounds and a maximum capacity of 4,300 pounds. The model is designed to be towed by midsize SUVs and light-duty pickups, lowering the entry barrier for first-time buyers. It features a rear cargo hatch, convertible sleeping for up to three people, a wet bath, and a galley. An off-road 20X variant with higher ground clearance and rugged tires is also available. US pricing starts in the mid-$40,000s.

Jayco and THOR Industries, in partnership with the Boys & Girls Club, held an 'RV Day' event for children in Elkhart County, Indiana. The event featured RV tours, hands-on workshops, and games.

Motorhome and camper manufacturer LMC (Lord Münsterland Caravan) is negotiating the reduction of 160 jobs at its Sassenberg plant in North Rhine-Westphalia. The move reflects a post-pandemic demand slump: German registrations fell over 15% year-on-year in 2025–2026. The company, part of Erwin Hymer Group (Thor Industries), is adjusting capacity to market conditions. No final agreement has been reached yet.

Shares of RV manufacturer THOR Industries (THO) dropped 5.5% after the company reported third-quarter earnings per share of $1.86, missing analyst estimates and down from $2.77 a year earlier. Revenue of $2.78 billion fell 3.9% year-over-year, with the North American Towable segment sales declining 24.6% amid a challenging retail environment. The company cut its full-year diluted EPS guidance to $3.30–$3.80 from $3.75–$4.25, citing macroeconomic headwinds.

Zacks analysts named Thor Industries a 'Bear of the Day' after Q3 FY2026 earnings: adjusted EPS fell 30% to $1.86, and the full-year guidance was lowered to $3.30–$3.80 per share.

THOR Industries announced financial results for its fiscal 2026 third quarter ended April 30. Net sales reached $2.78 billion, net income attributable to THOR was $97.2 million, and EBITDA was $209.1 million. The company noted resilient demand for motorhomes in North America and Europe despite a difficult macroeconomic environment. North American Motorized segment net sales increased 7.7%, and European segment net sales rose 3.6% on a constant currency basis. Full-year fiscal 2026 diluted EPS guidance was revised from $3.75–$4.25 to $3.30–$3.80 due to prolonged macroeconomic headwinds.

In late May 2026, Wall Street analysts projected lower earnings per share and reduced revenue for Thor Industries in the upcoming quarter compared to the prior year, citing softer recreational vehicle demand in North America and Europe. The forecast sharpens focus on execution risks around margins, inventory discipline, and capital allocation.

Shares of Thor Industries, the largest manufacturer of recreational vehicles in North America, are listed on the New York Stock Exchange under the ticker THO. As of May 22, 2026, the stock price was $91.24. The company is dependent on consumer spending, interest rates, and demand for RVs, making it sensitive to economic cycles. For German investors, the stock offers exposure to a US cyclical industrial sector.

Thor Industries Inc, one of the world's largest manufacturers of motorhomes and caravans, released its latest quarterly results, showing a normalization of demand after the pandemic boom. Revenue and orders declined compared to peak periods but stabilized versus prior quarters. The company continues to reduce dealer inventories, impacting margins. Investors are assessing the impact of the cyclical downturn on profitability and recovery prospects.

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