THOR Industries' Board of Directors re-authorized the company to repurchase up to $400 million of its Common Stock, replacing an existing authorization set to expire on July 31, 2025. The new share repurchase authorization will expire on July 31, 2027. This decision reflects the company's commitment to enhancing shareholder value.
Since the inception of its buyback program in December 2021, THOR has repurchased over 3.5 million outstanding shares. Management noted that the ability to repurchase this volume of shares, particularly during a down RV market, demonstrates the company's capacity to generate cash even in challenging conditions.
The company has been active in repurchasing its stock, buying over 340,000 shares since its trading window opened on June 6, 2025, following the end of its third fiscal quarter. Management expressed confidence in the company's strength and future growth potential, believing the stock price is currently disconnected from its long-term value proposition.
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