Looking Into Thor Industries's Return On Invested Capital
Portfolio Pulse from Benzinga Insights
Thor Industries (NYSE:THO) reported a 363.96% increase in earnings to $119.73 million and a 24.8% increase in sales to $2.93 billion during Q3. The company posted a return on invested capital (ROIC) of 0.7%, indicating effective capital allocation. Thor Industries' Q3 earnings per share of $2.24 beat analyst predictions of $1.07.
June 07, 2023 | 2:48 pm
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Thor Industries reported strong Q3 earnings and sales growth, with a positive ROIC of 0.7%, indicating effective capital allocation. The company's EPS of $2.24 beat analyst predictions.
Thor Industries' strong Q3 earnings and sales growth, along with a positive ROIC, indicate effective capital allocation and potential for higher returns. The company's EPS beat analyst predictions, which could lead to increased investor confidence and a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100