THOR Industries FY2026 Net Sales Hit $9.61B Despite Margin Pressure
Elkhart, Ind. – September 22, 2026 -- THOR Industries reported fiscal 2026 net sales of $9.61 billion and net income attributable to THOR of $177.5 million, exceeding the high end of its guidance despite a prolonged downturn in the North American RV retail market.
Fourth-quarter net sales reached $2.31 billion as North American shipments fell sharply
THOR posted fourth-quarter net sales of $2.31 billion, net income attributable to THOR of $40.8 million and EBITDA of $130.0 million. Adjusted EBITDA came in at $131.7 million, excluding nonrecurring restructuring costs and investment gains. North American Towable RV net sales declined on a 19.7% drop in unit shipments, with fifth wheel shipments down 34.7%, while gross margin in that segment fell 280 basis points. North American Motorized net sales fell 10.4% on a 13.1% unit shipment decline, with gross margin down 600 basis points.