Thor Industries is the world’s largest manufacturer of recreational vehicles. It went public in 1984 and has since grown at a strong pace to become the number-one RV company in the world. The travel and leisure industries are well-placed to benefit from the eventual re-opening of the economy after having faced extremely challenging conditions over the past year. Therefore, investors who are looking to build strategies around the re-opening theme would want to consider RV stocks to buy 2021. Other sectors like online travel agencies and certain hotel chains are also attractive options for the longer term. Within RV companies, Thor is the leader, and it helps to analyze the most dominant player in a sub-sector to understand how the prospects of a sub-sector compare to other sub-sectors. Interestingly, Thor Industries is also one of the largest RV makers in Europe, and it has an international presence.
The various brands of Thor Industries
Thor Industries has a host of brands under its belt. Airstream is well-known for its premium range of motorhomes and travel trailers. The Motor Coach specializes in gasoline and diesel Class A/Class C motorhomes. Keystone manufactures conventional travel trailers and fifth wheels. Heartland, KZ, and Jayco also specialize in fifth wheels and conventional travel trailers. Lastly, Thor’s subsidiary in Europe, named Erwin Hymer, is one of the largest caravan and motorcaravan manufacturers on the continent. In June 2021, Thor Industries released its third-quarter 2021 earnings numbers. Net sales jumped from about $1.7 billion in Q32020 to about $3.5 billion in Q32021. Net earnings per share on a diluted basis also increased from $0.43 in Q32020 to $3.29. Thor Industries is among the RV stocks 2021 to watch out for.
Thor Industries’ management informed during the Q32021 earnings release that the company was witnessing strong demand for recreational vehicles. It was also mentioned that Thor Industries had increased its production capacity with a modest amount of capital expenditure. The production expansion is expected to continue into the near future as well.