Filing Flows › Thor Industries (THO) › Q2 FY25
Thor Industries (THO) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Mar 5, 2025
Thor Industries (THO) reported revenue of $2.0B for the second quarter fiscal 2025 (Q2 FY25), -9% from a year earlier and -6% from the quarter before. Operating margin was -0.1%, net loss $3.1M (0.2% of revenue).
Thor Industries, Q2 FY25: revenue $2.0B (-9% year over year), operating margin -0.1%, net loss $3.1M, operating cash flow $30.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -6% | -9% |
| Operating profit | −$1.6M | — | — |
| Net earnings | −$3.1M | — | — |
| Operating cash flow | $30.8M | +0.3% | — |
| Free cash flow | $4.6M | -16% | — |
What changed
Revenue was $2.0B in Q2 FY25, down 9% year over year and down 6% from the previous quarter.
Gross margin was 12.1%, down 0.1 points from a year earlier. Operating costs exceeded revenue by $1.6M, an operating margin of -0.1%. Operating expenses fell 6% while revenue fell 9%. The quarter ended with a net loss of $3.1M, wider than the previous quarter's $873K loss. Minority interests bore $2.5M of it: to shareholders the quarter was a loss of $551K.
Operating cash flow was $0.03B. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.03B left free cash flow of $4.6M.
Questions
What was Thor Industries' revenue in the second quarter fiscal 2025?
Thor Industries (THO) reported revenue of $2.0B for the second quarter fiscal 2025 (Q2 FY25), -9% from a year earlier and -6% from the quarter before.
Was Thor Industries profitable in the second quarter fiscal 2025?
Operating loss was $1.6M (-0.1% of revenue) and net loss $3.1M.
Source: Thor Industries 10-Q on SEC EDGAR.