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Thor Industries profit beats consensus by 21.6% in fiscal Q2

Thor Industries Inc. said its normalized net income for the fiscal second quarter ended Jan. 31 amounted to 52 cents per share, compared with the S&P Capital IQ consensus estimate of 42 cents per share.

EPS rose 84.3% year over year from 28 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $27.6 million, an increase of 84.7% from $14.9 million in the prior-year period.

The normalized profit margin climbed to 3.2% from 2.4% in the year-earlier period.

Total revenue climbed 34.2% on an annual basis to $852.4 million from $635.3 million, and total operating expenses increased 32.1% on an annual basis to $808.7 million from $612.0 million.

Reported net income increased 78.5% on an annual basis to $30.5 million, or 57 cents per share, from $17.1 million, or 32 cents per share.