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Thor Industries Q3 net income $32.7 million and EPS $0.59

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Christian Fernsby ▼ | June 12, 2019
Thor Industries announced third-quarter results with record net sales of $2.51 billion, compared with the previous sales record posted in the third quarter of the prior year.
Thor Industries
Thor Industries   Third-quarter results include acquisition-related costs and purchase
Current year third-quarter net sales include the net sales of EHG since the date of acquisition on February 1, 2019.

Net income attributable to Thor and diluted earnings per share for the third quarter of fiscal 2019 were $32.7 million and $0.59, respectively.

Third-quarter results include acquisition-related costs and purchase accounting adjustments related to the EHG acquisition, which total $74.8 million, or $1.06 per diluted share.

In addition, ongoing amortization expense and interest expense were incurred as a result of the acquisition which also impacted the third-quarter results.

Third quarter fiscal 2019 financial results also reflect the impact of the ongoing North American independent dealer inventory rationalization, as dealers continued to reduce inventory levels to better match ongoing retail demand for RVs in North America.