8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): June 8, 2021

 

THOR Industries, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware (State or Other Jurisdiction of Incorporation) 1-9235 (Commission File Number) 93-0768752 (IRS Employer Identification No.)

601 East Beardsley Avenue, Elkhart, Indiana (Address of Principal Executive Offices) 46514-3305 (Zip Code)

Registrant’s telephone number, including area code: (574) 970-7460

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock (Par value $.10 Per Share)	THO	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On June 8, 2021, THOR Industries, Inc. (the "Company") issued a press release announcing certain financial results for the third quarter ended April 30, 2021. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. The Company also posted an updated investor slide presentation and a list of investor questions and answers to the "Investors" section of its website. A copy of the Company's slide presentation and investor questions and answers are attached hereto as Exhibit 99.2 and 99.3, respectively, and are incorporated by reference herein.

Item 7.01 Regulation FD Disclosure

The slide presentation attached hereto as Exhibit 99.2, and incorporated by reference herein, also provides updated information on industry wholesale shipments and retail market share. The Company also posted an updated list of investor questions and answers to the "Investors" section of its website. A copy of the Company's investor questions and answers is attached hereto as Exhibit 99.3 and is incorporated by reference herein.

In accordance with general instruction B.2 to Form 8-K, the information set forth in Items 2.02 and 7.01 of this Form 8-K (including Exhibits 99.1, 99.2 and 99.3) shall be deemed "furnished" and not "filed" with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing thereunder or under the Securities Act of 1933, as amended.

Item 9.01  Financial Statements and Exhibits

(d)	Exhibits
Exhibit Number		Description
99.1		Copy of press release, dated June 8, 2021, issued by the Company
99.2		Copy of investor slide presentation, posted on the Company's website on June 8, 2021
99.3		Copy of investor questions and answers posted on the Company's website on June 8, 2021
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		THOR Industries, Inc.
Date:	June 8, 2021		By:	/s/ Colleen Zuhl
			Name:	Colleen Zuhl
			Title:	Senior Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

THOR Industries Revenues Up 105.7%, Gross Profit Margin Improved By 240 Basis Points And Earnings Per Share Up 665.1% For The Third Quarter Of Fiscal 2021

THOR Industries sees continued strong production levels well into calendar 2022. Demand for THOR Industries products remains robust at the retail level, and dealer inventory levels remain historically low.

- Record net sales for the third quarter were $3.46 billion, an increase of 105.7% as compared to the third quarter of the prior year. Third-quarter results include $2.50 billion in North American RV net sales and $894.2 million in European RV net sales.

- Consolidated gross profit margin for the third quarter was 14.6%, a 240 basis point improvement over the comparable prior-year period.

- Record earnings per share for the third quarter were $3.29 per diluted share, an increase of 665.1% as compared to $0.43 per diluted share in the same period of the prior year.

- Consolidated RV backlog as of April 30, 2021 was $14.32 billion, an increase of nearly 550% over RV backlog as of April 30, 2020.

- Senior Secured Term Loan B facility was repriced, and the Company expects to reduce cash interest expense by approximately $13 million on an annualized basis.

ELKHART, Ind., June 8, 2021 /PRNewswire/ -- THOR Industries, Inc. (NYSE: THO) today announced record results for the third fiscal quarter ended April 30, 2021.

"We posted record results in our third fiscal quarter, achieving both the highest quarterly net sales and net income figures in the history of THOR Industries. These results show that growth continued unabated after the initial temporary shutdown of our dealers and THOR Industries' production lines in late March through the end of April of last year due to the pandemic. We have increased our production levels, often with modest capital expenditures, and intend to continue to increase production levels to address the ongoing, robust consumer and dealer demand for THOR Industries RV products, while also managing through continuing supply chain challenges," said Bob Martin, President and CEO of THOR Industries.

"Demand for our products continues to grow at both the retail and wholesale levels. While our pace of production and shipments has accelerated, demand is so high that independent dealer inventories of THOR Industries products continue to decline while dealer sales are increasing. This increasing consumer demand has driven our order backlog to more than $14 billion at the end of the quarter and includes units that will be needed to restock depleted dealer inventories. Since a significant number of units in our backlog have already been retail sold, we currently believe the restocking cycle will extend well into calendar 2022," said Martin.

Third-Quarter Financial Results

Increases in year-over-year financial results for the Company's third quarter of fiscal 2021 are primarily attributable to strong demand in the current-year period and the negative impact of the COVID-19 pandemic in the prior year, which began in the middle of the prior-year third quarter and resulted in 6 to 8 weeks of production shutdowns at most of our facilities.

Net sales were $3.46 billion in the third quarter of fiscal 2021, compared to $1.68 billion in the third quarter of fiscal 2020. This year's third quarter net sales include $1.73 billion for the North American Towable RV segment, $775.4 million for the North American Motorized RV segment and $894.2 million for the European RV segment.

Consolidated gross profit margin increased 240 basis points to 14.6% for the third quarter of fiscal 2021, compared to 12.2% in the corresponding period a year ago. The increase in the consolidated gross profit percentage was primarily due to the impact of the increase in net sales in the current-year period compared to the prior-year period and realization of strategic initiatives designed to improve our margins.

Net income attributable to THOR Industries and diluted earnings per share for the third quarter of fiscal 2021 were $183.3 million and $3.29, respectively, compared to net income attributable to THOR Industries and diluted earnings per share of $24.1 million and $0.43, respectively, in the prior-year period, and exceeds the former record for diluted earnings per share of $2.53 in the third quarter of fiscal 2018.

Segment Results

North American Towable RVs

• North American Towable RV net sales were $1.73 billion for the third quarter of fiscal 2021, compared to $773.4 million in the prior-year period. Of the increase in total towable RV net sales, $19.5 million was due to the acquisition of the Tiffin Group on December 18, 2020.
• North American Towable RV gross profit margin was 15.3% for the third quarter of fiscal 2021, compared to 14.1% in the prior-year period.
• North American Towable RV income before income taxes for the third quarter of fiscal 2021 was $167.7 million, compared to $49.3 million in the third quarter of last year.
• North American Towable RV backlog was $7.43 billion at April 30, 2021, as compared to $857.9 million as of April 30, 2020.

North American Motorized RVs

• North American Motorized RV net sales were $775.4 million for the third quarter of fiscal 2021, compared to $264.0 million in the prior-year period. Of the increase in total motorized RV net sales, $151.7 million was due to the acquisition of the Tiffin Group on December 18, 2020.
• North American Motorized RV gross profit margin was 12.4% for the third quarter of fiscal 2021, compared to 10.1% in the prior-year period.
• North American Motorized RV income before income taxes for the third quarter of fiscal 2021 was $54.8 million, compared to $10.9 million in the third quarter of last year.
• North American Motorized RV backlog was $3.55 billion at April 30, 2021, compared to $548.0 million as of April 30, 2020.

European RVs

• European RV net sales were $894.2 million for the third quarter of fiscal 2021, compared to $615.3 million in the prior-year period. The sales increase of $278.9 million includes $76.7 million due to the increase in foreign exchange rates since the prior-year period.
• European RV gross profit margin was 13.4% for the third quarter of fiscal 2021, compared to 10.2% in the prior-year period.
• European RV net income before income taxes for the third quarter of fiscal 2021 was $44.0 million, compared to a net loss before income tax of $0.2 million in the third quarter of last year.
• European RV backlog was $3.34 billion as of April 30, 2021, compared to $803.5 million as of April 30, 2020.

"Our third-quarter results reflect the continued strong demand for our RVs and the fact that we increased production volumes in each of our business segments to address the increased demand from our dealers. Our ability to ramp up production to address the increased demand from our dealers is reflected in our record results. For the third quarter of fiscal 2021, unit shipments increased by 113% for our North American Towable segment, 148% for our North American Motorized segment and nearly 34% for our European RV segment. While we reported excellent results, the supply chain continues to be a constraint for the RV industry and THOR Industries alike, limiting our ability to further increase production to meet increased levels of dealer demand. THOR Industries is implementing various supply chain strategies to minimize these constraints while also working closely with our suppliers," said Colleen Zuhl, THOR Industries' Senior Vice President and Chief Financial Officer.

"Working capital has increased year-to-date due to higher levels of accounts receivable as a result of strong sales, more unfinished units due to supply chain constraints, the introduction of new models which necessitate higher levels of on-hand raw materials including chassis, and the higher production rates which also necessitate higher levels of on-hand inventory. Year-to-date we have generated strong operating cash flows of $175.1 million even with the increase in working capital. We also successfully repriced our Senior Secured Term Loan B facility, which we estimate will generate cash interest savings of approximately $13 million on an annualized basis. We continue to effectively manage our balance sheet and liquidity with cash of $294.6 million and availability under our asset-based revolving credit facility of approximately $610 million as of April 30, 2021," concluded Zuhl.

Outlook

"We continue to see robust demand for our RVs and see no signs of demand slowing even as the economy recovers from the pandemic. The most recent RVIA forecast projects total North American wholesale RV shipments of approximately 576,100 units in calendar year 2021, representing an increase of 33.8% over 2020. We are focused on strategically increasing capacity and maximizing production efficiencies to fulfill the growing demand from our dealers. Ultimately, however, the number of THOR Industries units shipped in both fiscal and calendar 2021 depends on our ability to manage through the ongoing global supply chain issues. We have numerous team members throughout the organization focused on resolving near-term supply chain shortages while also pursuing long-term solutions to avoid potential future issues," said Martin.

"This is the first quarter in which Tiffin Group was fully included in our quarterly results, and I'd like to say that we are very pleased with the acquisition and with the Tiffin Team. The integration is going as planned, and we see a bright future for our combined companies.

"Looking ahead, we expect long-term health in the RV industry. We see the increased interest in the outdoors and RV lifestyle as a fundamental shift in consumer preferences, a shift that began before the pandemic and picked up steam over the last year. It is a trend we believe will continue to grow throughout our global marketspace. As one example of the underlying data supporting our optimism, we are seeing growth in two areas that have historically been frequent paths-to-purchase for the first-time RV buyer; outdoor camping and RV rentals. In its recently released 2021 annual camping report, Kampgrounds of America ("KOA") estimated that there were more than 10 million new households camping in calendar 2020 and estimated that an additional 4.3 million people will try camping in 2021 for the first time. KOA also projects that there will be 52.6 million camping households in 2021. In addition to new campers, the industry saw a sizeable increase in the number of RV rentals in 2020. The findings of THOR Industries 2020 RV Rental Study support the belief that those who rent an RV have a high propensity to eventually purchase an RV. These indicators, when combined with our robust order backlog and the historical 3 to 5-year trade-in cycle of current RV owners, reaffirm our belief that strong demand for THOR Industries products is sustainable over the coming months and years," concluded Martin.

Supplemental Earnings Release Materials

THOR Industries has provided a comprehensive question and answer document, as well as a PowerPoint presentation, relating to its quarterly results and other topics. To view these materials, go to http://ir.thorindustries.com.

About THOR Industries, Inc.

THOR Industries is the sole owner of operating subsidiaries that, combined, represent the world's largest manufacturer of recreational vehicles. For more information on the Company and its products, please go to www.thorindustries.com.

Forward-Looking Statements

This release includes certain statements that are "forward-looking" statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made based on management's current expectations and beliefs regarding future and anticipated developments and their effects upon THOR, and inherently involve uncertainties and risks. These forward-looking statements are not a guarantee of future performance. We cannot assure you that actual results will not differ materially from our expectations. Factors which could cause materially different results include, among others: the extent and impact from the continuation of the COVID-19 pandemic, along with the responses to contain the spread of the virus by various governmental entities or other actors, which may have negative effects on retail customer demand, our independent dealers, our supply chain, our labor force, our production or other aspects of our business and which may have a negative impact on our consolidated results of operations, financial position, cash flows and liquidity; the ability to ramp production up or down quickly in response to rapid changes in demand while also managing costs and market share; the effect of raw material and commodity price fluctuations, and/or raw material, commodity or chassis supply constraints; the impact of tariffs on material or other input costs; the level and magnitude of warranty claims incurred; legislative, regulatory and tax law and/or policy developments including their potential impact on our dealers and their retail customers or on our suppliers; the costs of compliance with governmental regulation; legal and compliance issues including those that may arise in conjunction with recently completed transactions; lower consumer confidence and the level of discretionary consumer spending; interest rate fluctuations and their potential impact on the general economy and, specifically, on our dealers and consumers; the impact of exchange rate fluctuations; restrictive lending practices which could negatively impact our independent dealers and/or retail consumers; management changes; the success of new and existing products and services; the ability to efficiently utilize existing production facilities; changes in consumer preferences; the risks associated with acquisitions, including: the pace and successful closing of an acquisition, the integration and financial impact thereof, the level of achievement of anticipated operating synergies from acquisitions, the potential for unknown or understated liabilities related to acquisitions, the potential loss of existing customers of acquisitions and our ability to retain key management personnel of acquired companies; a shortage of necessary personnel for production and increasing labor costs to attract production personnel in times of high demand; the loss or reduction of sales to key dealers; disruption of the delivery of units to dealers; increasing costs for freight and transportation; asset impairment charges; cost structure changes; competition; the impact of potential losses under repurchase or financed receivable agreements; the potential impact of the strength of the U.S. dollar on international demand for products priced in U.S. dollars; general economic, market and political conditions in the various countries in which our products are produced and/or sold; the impact of changing emissions and other related climate change regulations in the various jurisdictions in which our products are produced, used and/or sold; changes to our investment and capital allocation strategies or other facets of our strategic plan; and changes in market liquidity conditions, credit ratings and other factors that may impact our access to future funding and the cost of debt.

These and other risks and uncertainties are discussed more fully in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2021 and in Item 1A of our Annual Report on Form 10-K for the year ended July 31, 2020.

We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release or to reflect any change in our expectations after the date hereof or any change in events, conditions or circumstances on which any statement is based, except as required by law.

THOR INDUSTRIES, INC.
SUMMARY CONDENSED CONSOLIDATED STATEMENTS OF INCOME
($000's except share and per share data) (Unaudited)
	Three Months Ended April 30,						Nine Months Ended April 30,
	2021		% Net Sales (1)	2020		% Net Sales (1)	2021		% Net Sales (1)	2020		% Net Sales (1)
Net sales	$	3,459,264		$	1,681,735		$	8,724,412		$	5,843,653
Gross profit	$	505,280	14.6%	$	205,633	12.2%	$	1,299,009	14.9%	$	770,850	13.2%
Selling, general and administrative expenses	231,834		6.7%	128,147		7.6%	619,786		7.1%	478,968		8.2%
Amortization of intangible assets	30,480		0.9%	24,079		1.4%	87,110		1.0%	72,645		1.2%
Impairment charges	—		—%	—		—%	—		—%	10,057		0.2%
Interest expense, net	26,666		0.8%	26,021		1.5%	74,586		0.9%	79,331		1.4%
Other income (expense), net	16,379		0.5%	(6,157)		(0.4)%	25,430		0.3%	(5,123)		(0.1)%
Income before income taxes	232,679		6.7%	21,229		1.3%	542,957		6.2%	124,726		2.1%
Income tax provision (benefit)	49,960		1.4%	(1,555)		(0.1)%	113,409		1.3%	23,071		0.4%
Net income	182,719		5.3%	22,784		1.4%	429,548		4.9%	101,655		1.7%
Less: net (loss) attributable to non-controlling interests	(592)		—%	(1,284)		(0.1)%	(44)		—%	(2,151)		—%
Net income attributable to THOR Industries, Inc.	$	183,311	5.3%	$	24,068	1.4%	$	429,592	4.9%	$	103,806	1.8%
Earnings per common share
Basic	$	3.31		$	0.44		$	7.77		$	1.88
Diluted	$	3.29		$	0.43		$	7.72		$	1.88
Weighted-avg. common shares outstanding – basic	55,366,241			55,198,756			55,323,080			55,163,943
Weighted-avg. common shares outstanding – diluted	55,723,378			55,392,982			55,615,107			55,337,665

⁽¹⁾ Percentages may not add due to rounding differences

SUMMARY CONDENSED CONSOLIDATED BALANCE SHEETS ($000) (Unaudited)
	April 30, 2021		July 31, 2020			April 30, 2021		July 31, 2020
Cash and equivalents	$	297,462	$	541,363	Current liabilities	$	1,951,921	$	1,515,281
Accounts receivable, net	1,014,148		814,227		Long-term debt	1,718,127		1,652,831
Inventories, net	1,484,054		716,305		Other long-term liabilities	285,997		257,779
Prepaid income taxes, expenses and other	50,124		30,382		Stockholders' equity	2,757,922		2,345,569
Total current assets	2,845,788		2,102,277
Property, plant & equipment, net	1,158,380		1,107,649
Goodwill	1,577,828		1,476,541
Amortizable intangible assets, net	976,261		914,724
Deferred income taxes and other, net	155,710		170,269
Total	$	6,713,967	$	5,771,460		$	6,713,967	$	5,771,460

Contact
Mark Trinske, Vice President of Investor Relations
mtrinske@thorindustries.com
(574) 970-7912

EX-99.2

THIRD QUARTER OF FISCAL 2021 FINANCIAL RESULTS Exhibit 99.2

Forward-Looking Statements This presentation includes certain statements that are “forward-looking” statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made based on management’s current expectations and beliefs regarding future and anticipated developments and their effects upon THOR, and inherently involve uncertainties and risks. These forward-looking statements are not a guarantee of future performance. We cannot assure you that actual results will not differ materially from our expectations. Factors which could cause materially different results include, among others: the extent and impact from the continuation of the COVID-19 pandemic, along with the responses to contain the spread of the virus by various governmental entities or other actors, which may have negative effects on retail customer demand, our independent dealers, our supply chain, our labor force, our production or other aspects of our business and which may have a negative impact on our consolidated results of operations, financial position, cash flows and liquidity; the ability to ramp production up or down quickly in response to rapid changes in demand while also managing costs and market share; the effect of raw material and commodity price fluctuations, and/or raw material, commodity or chassis supply constraints; the impact of tariffs on material or other input costs; the level and magnitude of warranty claims incurred; legislative, regulatory and tax law and/or policy developments including their potential impact on our dealers and their retail customers or on our suppliers; the costs of compliance with governmental regulation; legal and compliance issues including those that may arise in conjunction with recently completed transactions; lower consumer confidence and the level of discretionary consumer spending; interest rate fluctuations and their potential impact on the general economy and, specifically, on our dealers and consumers; the impact of exchange rate fluctuations; restrictive lending practices which could negatively impact our independent dealers and/or retail consumers; management changes; the success of new and existing products and services; the ability to efficiently utilize existing production facilities; changes in consumer preferences; the risks associated with acquisitions, including: the pace and successful closing of an acquisition, the integration and financial impact thereof, the level of achievement of anticipated operating synergies from acquisitions, the potential for unknown or understated liabilities related to acquisitions, the potential loss of existing customers of acquisitions and our ability to retain key management personnel of acquired companies; a shortage of necessary personnel for production and increasing labor costs to attract production personnel in times of high demand; the loss or reduction of sales to key dealers; disruption of the delivery of units to dealers; increasing costs for freight and transportation; asset impairment charges; cost structure changes; competition; the impact of potential losses under repurchase or financed receivable agreements; the potential impact of the strength of the U.S. dollar on international demand for products priced in U.S. dollars; general economic, market and political conditions in the various countries in which our products are produced and/or sold; the impact of changing emissions and other related climate change regulations in the various jurisdictions in which our products are produced, used and/or sold; changes to our investment and capital allocation strategies or other facets of our strategic plan; and changes in market liquidity conditions, credit ratings and other factors that may impact our access to future funding and the cost of debt. These and other risks and uncertainties are discussed more fully in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2021 and in Item 1A of our Annual Report on Form 10-K for the year ended July 31, 2020. We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this presentation or to reflect any change in our expectations after the date hereof or any change in events, conditions or circumstances on which any statement is based, except as required by law.

RECORD THIRD FISCAL QUARTER 2021 “We posted record results in our third fiscal quarter, achieving both the highest quarterly net sales and net income figures in the history of THOR Industries. These results show that growth continued unabated after the initial temporary shutdown of our dealers and THOR Industries’ production lines in late March through the end of April of last year due to the pandemic. We have increased our production levels, often with modest capital expenditures, and intend to continue to increase production levels to address the ongoing, robust consumer and dealer demand for THOR Industries RV products, while also managing through continuing supply chain challenges,” Bob Martin, President and CEO of THOR Industries CONSOLIDATED NET SALES $3.46 billion BACKLOG $14.32 billion DILUTED EPS $3.29

Quarterly Highlights European 25.8% $0.89 bn NA Motorized 22.4% $0.78 bn NA Towables 49.9% $1.73 bn Other 1.9% $0.06 bn 14.6% Gross Margin $3.29 Diluted EPS North American Independent Dealer Inventory of THOR Products RV Backlog $14.32 billion +548.3% Net Sales $3.46 billion Third Fiscal Quarter 2021 +106% +240 bps +665% * * Includes 600 units of Tiffin products ** ** Includes Tiffin backlog of $711.7 million at April 30, 2021

Net Sales Net sales increased 105.7% to $3.46 billion in the third quarter of fiscal 2021 compared to the prior-year period, due to both the continuing increase in current consumer demand and the negative impact the start of the COVID-19 pandemic had on the latter half of the prior-year quarter The addition of the Tiffin Group, acquired on December 18, 2020, accounted for $171.2 million of net sales in the third quarter of fiscal 2021 Gross Profit Gross profit was $505.3 million, an increase of 145.7% in the third quarter of fiscal 2021 compared to the prior-year period Gross profit margin improved to 14.6% in the third quarter of fiscal 2021 from 12.2% in the prior-year period, primarily due to the impact of the increase in net sales in the current-year period Financial Results Third Quarter of Fiscal 2021

Net Sales Net sales of North American Towable RVs increased 123.2% in the third quarter of fiscal 2021 compared to the prior-year period, driven primarily by an increase in unit shipments Gross Profit Margin Gross profit margin increased 120 basis points in the fiscal third quarter compared to the prior-year period, driven by the impact of the increase in net towable RV sales and reduced sales discounts, partially offset by increases in material and labor costs $7.43 Billion in Backlog North American Towable backlog at April 30, 2021 increased approximately 766% compared to April 30, 2020 As of April 30, 2021, dealer inventory levels were well below optimal stocking levels, which has increased dealer orders and THOR's backlog Third Quarter of Fiscal 2021 North American Towable Segment

Net Sales Fiscal 2021 third quarter net sales of North American Motorized RVs increased 193.7% compared to the prior-year period, driven primarily by an increase in unit shipments and the addition of $151.7 million of net sales of the Tiffin Group Gross Profit Margin Gross profit margin increased 230 basis points in the fiscal third quarter compared to the prior-year period, driven by the impact of the increase in net motorized RV sales, reduced sales discounts, and product mix changes primarily due to the addition of the recently acquired Tiffin Group products, partially offset by an increase in labor costs $3.55 Billion in Backlog North American Motorized backlog at April 30, 2021 increased approximately $3.0 billion, or 548%, compared to April 30, 2020, including $646.3 million of additional motorized backlog from the recently acquired Tiffin Group North American Motorized Segment Third Quarter of Fiscal 2021

Net Sales European RV segment net sales for the fiscal third quarter increased 45.3% from the prior-year period, primarily due to the continuing increase in current consumer demand in conjunction with the negative impact of the early stages of the COVID-19 pandemic on the latter months of the prior-year quarter 12.5% of the 45.3% increase was due to the increase in foreign exchange rates since the prior-year period Third Quarter of Fiscal 2021 Gross Profit Margin Gross profit margin increased by 320 basis points in the fiscal third quarter compared to the prior-year period, driven by changes in product mix and net material cost reductions due to higher volume levels compared to the prior-year period, partially offset by higher labor costs $3.34 Billion in Backlog THOR’s European RV backlog at April 30, 2021 increased $2.54 billion, or 316%, compared to April 30, 2020 European Segment

(1) Source: Statistical Surveys, Inc., U.S. and Canada; CYTD through March 31, 2021 and 2020 (2) Source: Recreation Vehicle Industry Association, CYTD through April 2021 (3) Source: The Conference Board, Consumer Confidence Survey®, through March 2021 (4) Note: Tiffin Group registrations are included in THOR RV market share data for the 2021 period 2021 Industry Wholesale Shipments by Type (2) Consumer Confidence vs. RV Retail Registrations Calendar Year-to-Date RV Retail Market Share (1)(4) RV Industry Overview North America THOR Forest River Winnebago Grand Design REV Group Gulfstream All Others 2021 Towable 111,305 units 2021 Motorized 12,464 units 2020 Motorized 10,166 units 2020 Towable 76,475 units 48.9% 39.7% 38.2% 40.9% 39.0% 17.4% 9.9% 1.4% 8.5% 1.5% 18.8% 7.6% 7.3% 9.2% 9.5% 38.0% 1.2% 1.2% 15.1% 18.7% 20.8% 7.2% Note: 2021 represented above includes the trailing twelve months of registrations ended March

RV Wholesale Market Trends (Units 000's) Towable RV Wholesale Market Trends (Units 000's) Motorized RV Wholesale Market Trends (Units 000's) Historical Data: Recreation Vehicle Industry Association (RVIA) (e) Calendar year 2021 represents the most recent RVIA "most likely" estimate from their May 2021, Summer 2021 issue of Roadsigns 5-year CAGR: 2.8% 5-year CAGR: 3.6% 5-year CAGR: (2.9)% RV Industry Overview North America

(1) Source: European Caravan Federation; CYTD through March 31, 2021 and 2020; European retail registration data available at www.CIVD.de (2) Source: Statistical Surveys (www.statisticalsurveys.com) European Industry Unit Registrations by Country (1) The Company monitors retail trends in the European RV market as reported by the European Caravan Federation, whose industry data is reported to the public quarterly, typically issued on a one-to-two month lag, continually updated and often impacted by delays in reporting by various countries Industry wholesale shipment data for the European RV market is not available First-Quarter Registrations Full-Year Comparison of New Vehicle Registrations by Continent (Units 000's) (1) (2) RV Industry Overview Europe

CONTACT: Mark Trinske Vice President of Investor Relations mtrinske@thorindustries.com (574) 970-7912

EX-99.3

Exhibit 99.3

THIRD QUARTER OF FISCAL 2021

INVESTOR QUESTIONS & ANSWERS

Published June 8, 2021

Forward-Looking Statements

Reference is made to the forward-looking statements disclosure provided at the end of this document.

Executive Overview

• Record net sales for the third quarter were $3.46 billion, an increase of 105.7% as compared to the third quarter of the prior year. Third-quarter results include $2.50 billion in North American RV net sales and $894.2 million in European RV net sales.

• Consolidated gross profit margin for the third quarter was 14.6%, a 240-basis point improvement over the prior-year period.

• Record earnings per share for the third quarter were $3.29 per diluted share, an increase of 665.1% as compared to $0.43 per diluted share in the same period of the prior year.

• Consolidated RV backlog as of April 30, 2021 was $14.32 billion, an increase of nearly 550% over RV backlog as of April 30, 2020.

• Senior Secured Term Loan B facility was repriced, and the Company expects to reduce cash interest expense by approximately $13 million on an annualized basis.

Quick Reference to Contents

Current Market Conditions and Outlook Assumptions		2
Q&A		3
	Drivers of Demand	3
	Operations Update	4
	Supply Chain and Price Increases	5
	Financial Operating Results	6
Segment Data
	Summary of Key Quarterly Segment Data - North American Towable RVs	7
	Summary of Key Quarterly Segment Data - North American Motorized RVs	8
	Summary of Key Quarterly Segment Data - European RVs	9
Forward-Looking Statements		10

Current Market Conditions and Outlook Assumptions

• Market conditions in North America. Demand in the market remains very high, such that our recent deliveries to dealers are being sold at retail very quickly and are therefore not increasing dealer inventory levels. Currently, independent RV dealer inventories are at historically low levels in North America and we believe the restocking cycle will take a number of quarters to complete. In the longer-term, which we define as late calendar 2022 and beyond, we expect to get back to a more normal ordering cycle where dealers order to replenish sold stock, and we anticipate that demand will continue to exceed historical norms even after dealer inventories are restocked.

RVIA recently issued its updated forecast for calendar year 2021 wholesale unit shipments. RVIA now estimates total North American shipments in calendar year 2021 will likely be approximately 576,100 units. Towable RV shipments are anticipated to reach 520,400 units, while motorized shipments are projected to reach 55,700 units in calendar year 2021.

• Market conditions in Europe. Demand in the market remains strong. Total retail registrations in Europe for the first calendar quarter of 2021 increased 20% compared to the same time period in 2020. Caravan registrations in Europe for the first calendar quarter of 2021 decreased 5% compared to the same time period in 2020. Motorcaravan retail registrations in Europe for the first calendar quarter of 2021 increased 33% compared to the same time period in 2020. The increase in retail registrations was realized despite the impact of COVID restrictions which, at various times in various regions, created significant impediments to our dealers and retail customers.

Independent RV dealer inventory levels of our European RV products are generally below prior-year levels in the various countries we serve. Within Germany, which accounts for approximately 60% of our European product sales, dealer inventories are significantly below normal stocking levels.

• Order backlogs for both North America and Europe are at all-time record levels.

North American RV backlog was $10.98 billion as of April 30, 2021, an increase of 681.0% compared to $1.41 billion as of April 30, 2020.

Europe RV backlog was $3.34 billion as of April 30, 2021, an increase of 316.2% compared to $803.5 million as of April 30, 2020.

• Supply chain constraints in North America and Europe.

While our supply chain was resilient enough to support us as we set a record quarter for sales and production, it continues to be a constraint upon our ability to satisfy the growing demand for our products and is currently limiting our ability to further ramp up production to meet increased demand. We have successfully managed supply chain limitations in the past, and we will continue to manage through the issues by working closely with our suppliers as we continue to implement various supply chain strategies to minimize these constraints.

• Optimistic Independent RV dealer outlook in North America and Europe. Independent dealer optimism remains high in North America and Europe for both the near and long term. Many dealers, particularly larger dealers in North America, continue to invest heavily in their businesses through acquisitions, new or expanded locations, added service facilities and other amenities to serve RV consumers now and for years to come.

2

• Positive near-term and long-term RV industry outlook in both North America and Europe. Our confident outlook is supported by favorable demographics, strong RV retail sales, favorable perception of RVing as promoting a safe, socially distanced and healthy lifestyle and adequate current availability of RV dealer and consumer credit at historically low rates in both North America and Europe. In addition, local, state and federal governments are investing in improving and expanding outdoor recreation spaces.

3

Q&A

DRIVERS OF DEMAND

1. What evidence is available that supports the long-term growth for the RV industry in North America?

a. There are a number of recently published reports and studies that speak to favorable trends for the near- and long-term future of the RV industry.

According to the 2021 North American Camping Report sponsored by Kampgrounds of America, Inc.

• 10.1 million new households camped in 2020 and an additional 4.3 million new households are estimated to try camping in 2021 for the first time

• Campers are more diverse than ever… 60% of first-time campers in 2020 are from non-white groups, the highest rate since the inception of the KOA report

• We have observed a historical correlation between campers and eventual RV owners, and fifty-eight percent (58%) of new campers in 2020 are interested in RVing

• More than one-third (35%) of campers who are not RV owners indicate that they would like to purchase an RV in 2021, up substantially from the prior year's report (23%)

According to the 2020 RV Owner Demographic Profile Study, sponsored by Go RVing

• Sixty-eight percent (68%) of current RV Owners plan to repurchase another vehicle in the next five years, with intent rising to 85% when excluding those leaving the industry for non-preventable reasons (e.g., health, age, etc.)

• Sixty-nine percent (69%) of current RV Owners who plan to purchase again in the future indicate they will purchase a new RV

• Forty-seven percent (47%) of former RV Owners surveyed indicated a desire to return to the lifestyle within the next five years

According to THOR Industries' 2020 U.S. Rental Survey

• Seventy-three percent (73%) of surveyed renters indicated they would likely purchase an RV, and of those likely to make a purchase, 66% report they are most likely to buy within the next 6-11 months

2. Backlog value is now at an all-time high of $14 billion. How confident are you in the backlog?

a. We are very comfortable with the backlog. The backlog represents the strong demand environment supported by the fact that although we produced and shipped more units this quarter, dealers are selling product quickly and their inventories are low.

Dealers will need to eventually replenish their inventory to more normalized levels, and since a significant number of units in our backlog have already been retail sold, we expect this restocking cycle will extend well into calendar 2022.

4

In addition to our order backlog from existing dealers, we have numerous new dealers who want to sell THOR Industries products and an even larger list of current dealers who want to pick up additional THOR Industries products once our existing dealer needs are met.

5

3. How do used RV sales impact RV wholesale sales? Do you think the increase in new units being sold will lead to an overabundance of used units in the market space in the near future?

a. We have consistently viewed a healthy used RV market as complementary to the new RV market. Generally, much of a dealer’s used RV inventory is a result of a trade-in for a new unit. In addition, adding used-RV buyers to the pipeline is potentially beneficial as it may add another RV buyer to the historical trade-in, trade-up 3-to-5 year cycle, so we anticipate that many used RV buyers will purchase a new unit sometime in the future.

Due to the high interest in the RV lifestyle, which was growing even before the pandemic and has accelerated since then, we do not believe the new units being sold today will result in an overabundance of used units in the near future.

Lastly, used inventory is currently very limited, and we believe any change in used inventory in the marketspace would not materially impact our sales, as dealers are in need of inventory - both new and used.

OPERATIONS UPDATE

1. Can you comment on THOR Industries’ North American retail market share and wholesale shipment share trends?

a. Motorized segment. According to the most recently published statistics from Stat Surveys, we achieved year-over-year retail market share gains in Class A, Class B and Class C product categories in the first calendar quarter. Excluding Tiffin, we still achieved year-over-year retail market share gains across each of these product categories in the first calendar quarter.

Of note, we saw significant retail share gains within the Class B segment, which is the fastest growing segment of the RV market. Our Class B market share grew to 21.4% in the first calendar quarter ended March 31, 2021 from 13.8% in the first quarter of calendar year 2020.

Towable segment. According to the most recently published statistics from Stat Surveys, our North American Towable retail market share was 39.7% in the first calendar quarter ended March 31, 2021, down slightly compared to 40.9% in the first calendar quarter of 2020, but our market share trended positively from 38.9% in the fourth calendar quarter of 2020.

Our Towable segment wholesale shipment share has increased since the pandemic commenced, increasing to 43.4% in the third quarter of fiscal 2021, as compared to 42.3% in the third quarter of fiscal 2020 and 42.0% in the second quarter of fiscal 2021.

THOR Industrieswill continue to focus on stabilizing and growing market share by pursuing a balanced approach focused on growth in market share and profitability. We are pursuing these objectives through increased production capacity and throughput, product offerings focused on the needs and desires of end consumers and continued operational excellence.

6

2. What drove the improved performance from THOR Industries’ European segment?

a. We delivered a record quarter for European net sales and production volumes in the third quarter of fiscal 2021. We built, and shipped more product than ever, but demand still exceeded supply as evidenced by a record backlog for EHG of $3.34 billion as of April 30, 2021.

Also, the European RV retail market continues to experience year-over-year double-digit growth. The latest European Caravan Federation ("ECF") registration data (through March 31, 2021) shows:

• In Europe, year-to-date through March, retail registrations have increased 19.7% in the calendar year 2021 versus 2020.

• Germany, THOR Industries’ biggest market, has been the strongest performing country. ECF reported that newly registered units for the first calendar quarter of 2021 set a new record even as the German tax incentive program, which lowered the VAT from 19% to 16%, expired on December 31, 2020. Year-to-date through March, retail registrations have increased 12.6% in the calendar year 2021 versus 2020.

• In France, THOR Industries’ second largest market, the ECF reported that retail registrations have gone up by 53.6% in the first calendar quarter of 2021 versus 2020, driven by the recovery from the COVID-19 pandemic and loosening of restrictions.

• The UK continues to be more heavily impacted by the combination of COVID and Brexit.

SUPPLY CHAIN AND PRICE INCREASES

1. What is the current state of your supply chain?

a. In fiscal 2021, we were able to achieve record revenues and production, even though we have experienced various supply chain constraints and disruptions in both North America and Europe. Recently, we have been alerted by a number of our North American and European chassis suppliers that shortages of key components required for the manufacture of chassis, particularly semiconductor chips, may limit their production of chassis. As a result, our production and sales of motorized RVs in both North America and Europe may be impacted, particularly in the near term.

THOR Industries is working closely with our suppliers to manage through these short-term interruptions as efficiently as possible, however, the number of THOR Industries units shipped in calendar 2021 will be impacted by the ongoing global supply chain issues and our ability to manage through them.

2. Are you experiencing increased material costs, and if so, will you be able to offset it?

a. We have seen material cost pressures as a result of higher commodity prices, higher transportation costs and ongoing supply chain constraints. These cost pressures were reflected in our third quarter gross margins, and we expect these costs to remain elevated in the near term. When necessary, we have instituted price adjustments to mitigate cost pressures. There can be a lag in timing between cost increases and our ability to pass through price adjustments, but we expect to be price-cost neutral over time.

7

FINANCIAL OPERATING RESULTS

1. What were the drivers of THORIndustries’ consolidated gross profit margin for the third quarter of fiscal 2021 compared to the prior year period?

a. Consolidated gross profit margin increased 240 basis points to 14.6% for the third quarter of fiscal 2021, compared to 12.2% in the corresponding period a year ago. The increase in the consolidated gross profit percentage was primarily due to the impact of the increase in net sales in the current-year period compared to the prior-year period. The continued benefit from reduced sales discounts were generally offset by an increase in material, labor and warranty costs. However, our overhead costs decreased on a per unit basis due to the increase in net sales.

2. What was your tax rate for the quarter? What is the tax rate outlook going forward?

a. The Company’s effective income tax rate for the third quarter of fiscal 2021 was 21.5%. The Company estimates its effective income tax rate for fiscal 2021 will be between 20% and 23% before consideration of any discrete tax items. The full year 2020 effective tax rate was 18.9%. The actual effective income tax rate for fiscal 2021 will depend upon the mix of foreign and domestic pretax earnings and is subject to the impact of foreign currency exchange rates.

3. What was THOR Industries’ adjusted EBITDA for the third quarter and year-to-date for both fiscal 2021 and 2020?

a. Although we do not generally disclose non-GAAP numbers, we recognize that many of the users of our financial statements find a measure of EBITDA adjusted for non-cash or non-routine items to be useful. Below are some items within our financial statements that might be helpful in considering this question:

	Three Months Ended April 30, 2021		Nine Months Ended April 30, 2021
Income Before Income Taxes (1)	$	232.7 million	$	543.0 million
Depreciation & Amortization (2)	58.7 million		169.6 million
Net Interest Expense (1)	26.7 million		74.6 million
Inventory Step-Up Impact on Gross Profit (5)	—		4.3 million
Stock-Based Compensation Expense (3)	8.4 million		21.4 million
Change in LIFO Reserve (4)	5.3 million		8.5 million

	Three Months Ended April 30, 2020		Nine Months Ended April 30, 2020
Income Before Income Taxes (1)	$	21.2 million	$	124.7 million
Depreciation & Amortization (2)	45.5 million		144.6 million
Impairment Charges (1)	—		10.1 million
Net Interest Expense (1)	26.0 million		79.3 million
Stock-Based Compensation Expense (3)	4.4 million		14.4 million
Change in LIFO Reserve (4)	0.5 million		1.0 million

(1) From the Income Statement	(2) From the Business Segments footnote	(5) From the Segment Information section of MD&A
(3) From the Statement of Cash Flows	(4) From the Inventories footnote

8

9

Summary of Key Quarterly Segment Data – North American Towable RVs

Dollar figures are in thousands

NET SALES:	Three Months Ended April 30, 2021			Three Months Ended April 30, 2020			% Change
North American Towables
Travel Trailers and Other	$	1,060,058		$	455,434		132.8	%
Fifth Wheels	666,044			317,957			109.5	%
Total North American Towables	$	1,726,102		$	773,391		123.2	%
# OF UNITS:	Three Months Ended April 30, 2021			Three Months Ended April 30, 2020			% Change
North American Towables
Travel Trailers and Other	47,143			21,518			119.1	%
Fifth Wheels	13,004			6,715			93.7	%
Total North American Towables	60,147			28,233			113.0	%
ORDER BACKLOG	As of April 30, 2021			As of April 30, 2020			% Change
North American Towables	$	7,429,729		$	857,866		766.1	%
TOWABLE RV MARKET SHARE SUMMARY (1)(2)	Calendar Quarter Ended March 31,
	2021			2020
U.S. Market	39.4		%	40.5		%
Canadian Market	45.4		%	48.5		%
Combined North American Market	39.7		%	40.9		%

(1) Source: Statistical Surveys, Inc. Calendar quarters ended March 31, 2021 and 2020.

(2) 2021 period includes Tiffin Group registrations.

Note: Data reported by Stat Surveys is based on official state and provincial records. This information is subject to adjustment, is continuously updated, and is often impacted by delays in reporting by various states or provinces. The COVID-19 pandemic has resulted in further delays in the submission of information reported by the various states or provinces beginning with calendar 2020 results, and may also be impacting the completeness of such information.

10

Summary of Key Quarterly Segment Data – North American Motorized RVs

Dollar figures are in thousands

NET SALES:	Three Months Ended April 30, 2021			Three Months Ended April 30, 2020			% Change
North American Motorized
Class A	$	323,547		$	96,849		234.1	%
Class C	342,425			144,826			136.4	%
Class B	109,421			22,362			389.3	%
Total North American Motorized	$	775,393		$	264,037		193.7	%
# OF UNITS:	Three Months Ended April 30, 2021			Three Months Ended April 30, 2020			% Change
North American Motorized
Class A	2,059			795			159.0	%
Class C	3,983			1,910			108.5	%
Class B	1,120			180			522.2	%
Total North American Motorized	7,162			2,885			148.2	%
ORDER BACKLOG	As of April 30, 2021			As of April 30, 2020			% Change
North American Motorized	$	3,550,286		$	547,952		547.9	%
MOTORIZED RV MARKET SHARE SUMMARY (1)(2)	Calendar Quarter Ended March 31,
	2021			2020
U.S. Market	49.0		%	38.0		%
Canadian Market	45.8		%	43.9		%
Combined North American Market	48.9		%	38.2		%

(1) Source: Statistical Surveys, Inc. Calendar quarters ended March 31, 2021 and 2020.

(2) 2021 period includes Tiffin Group registrations.

Our North American market share includes 6.7% attributable to Tiffin Group for the three months ended March 31, 2021.

Note: Data reported by Stat Surveys is based on official state and provincial records. This information is subject to adjustment, is continuously updated and is often impacted by delays in reporting by various states or provinces. The COVID-19 pandemic has resulted in further delays in the submission of information reported by the various states or provinces beginning with calendar 2020 results, and may also be impacting the completeness of such information.

11

Summary of Key Quarterly Segment Data – European RVs

Dollar figures are in thousands

NET SALES:	Three Months Ended April 30, 2021			Three Months Ended April 30, 2020			% Change
European
Motorcaravan	$	489,702		$	380,023		28.9	%
Campervan	236,988			104,486			126.8	%
Caravan	84,074			65,790			27.8	%
Other	83,476			65,044			28.3	%
Total European	$	894,240		$	615,343		45.3	%
# OF UNITS:	Three Months Ended April 30, 2021			Three Months Ended April 30, 2020			% Change
European
Motorcaravan	8,177			6,905			18.4	%
Campervan	6,306			3,320			89.9	%
Caravan	3,805			3,443			10.5	%
Total European	18,288			13,668			33.8	%
ORDER BACKLOG	As of April 30, 2021			As of April 30, 2020			% Change
European	$	3,344,033		$	803,522		316.2	%
EUROPEAN RV MARKET SHARE SUMMARY (1)	Calendar Quarter Ended March 31,
	2021			2020
Motorcaravan and Campervan (2)	23.2		%	23.5		%
Caravan	16.2		%	19.6		%

(1) Source: European Caravan Federation ("ECF"), CYTD March 31, 2021 and 2020. Data from the ECF is subject to adjustment, continuously updated and is often impacted by delays in reporting by various countries (some countries, including the United Kingdom, do not report OEM-specific data and are thus excluded from the market share calculation).

(2) The ECF reports motorcaravans and campervans together.

Note: Industry wholesale shipment data for the European RV market is not available.

12

Forward-Looking Statements

This release includes certain statements that are “forward-looking” statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made based on management’s current expectations and beliefs regarding future and anticipated developments and their effects upon THOR, and inherently involve uncertainties and risks. These forward-looking statements are not a guarantee of future performance. We cannot assure you that actual results will not differ materially from our expectations. Factors which could cause materially different results include, among others: the extent and impact from the continuation of the COVID-19 pandemic, along with the responses to contain the spread of the virus by various governmental entities or other actors, which may have negative effects on retail customer demand, our independent dealers, our supply chain, our labor force, our production or other aspects of our business and which may have a negative impact on our consolidated results of operations, financial position, cash flows and liquidity; the ability to ramp production up or down quickly in response to rapid changes in demand while also managing costs and market share; the effect of raw material and commodity price fluctuations, and/or raw material, commodity or chassis supply constraints; the impact of tariffs on material or other input costs; the level and magnitude of warranty claims incurred; legislative, regulatory and tax law and/or policy developments including their potential impact on our dealers and their retail customers or on our suppliers; the costs of compliance with governmental regulation; legal and compliance issues including those that may arise in conjunction with recently completed transactions; lower consumer confidence and the level of discretionary consumer spending; interest rate fluctuations and their potential impact on the general economy and, specifically, on our dealers and consumers; the impact of exchange rate fluctuations; restrictive lending practices which could negatively impact our independent dealers and/or retail consumers; management changes; the success of new and existing products and services; the ability to efficiently utilize existing production facilities; changes in consumer preferences; the risks associated with acquisitions, including: the pace and successful closing of an acquisition, the integration and financial impact thereof, the level of achievement of anticipated operating synergies from acquisitions, the potential for unknown or understated liabilities related to acquisitions, the potential loss of existing customers of acquisitions and our ability to retain key management personnel of acquired companies; a shortage of necessary personnel for production and increasing labor costs to attract production personnel in times of high demand; the loss or reduction of sales to key dealers; disruption of the delivery of units to dealers; increasing costs for freight and transportation; asset impairment charges; cost structure changes; competition; the impact of potential losses under repurchase or financed receivable agreements; the potential impact of the strength of the U.S. dollar on international demand for products priced in U.S. dollars; general economic, market and political conditions in the various countries in which our products are produced and/or sold; the impact of changing emissions and other related climate change regulations in the various jurisdictions in which our products are produced, used and/or sold; changes to our investment and capital allocation strategies or other facets of our strategic plan; and changes in market liquidity conditions, credit ratings and other factors that may impact our access to future funding and the cost of debt.

These and other risks and uncertainties are discussed more fully in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2021 and in Item 1A of our Annual Report on Form 10-K for the year ended July 31, 2020.

We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release or to reflect any change in our expectations after the date hereof or any change in events, conditions or circumstances on which any statement is based, except as required by law.

13

XML

Document and Entity Information	Jun. 08, 2021
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jun. 08, 2021
Entity Registrant Name	THOR Industries, Inc.
Entity Central Index Key	0000730263
Entity Emerging Growth Company	false
Entity File Number	1-9235
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	93-0768752
Entity Address, Address Line One	601 East Beardsley Avenue
Entity Address, City or Town	Elkhart
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46514-3305
City Area Code	(574)
Local Phone Number	970-7460
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Security 12b Title	Common Stock (Par value $.10 Per Share)
Trading Symbol	THO
Security Exchange Name	NYSE