Thor industries announces fourth quarter fiscal 2024 results

2024 highlights                       ($ in thousands, except for per share data)                                             three months ended july 31,         fiscal years ended july 31,           2024     2023   change       2024     2023   change net sales $ 2,534,167   $ 2,738,066   (7.4)%     $ 10,043,408   $ 11,121,605   (9.7)% gross profit $ 401,331   $ 394,305   1.8%     $ 1,451,962   $ 1,596,353   (9.0)% gross profit margin %   15.8     14.4   +140 bps       14.5     14.4   +10 bps net income attributable to thor $ 90,015   $ 90,287   (0.3)%     $ 265,308   $ 374,271   (29.1)% diluted earnings per share $ 1.68   $ 1.68   —%     $ 4.94   $ 6.95   (28.9)% cash flows from operations $ 338,016   $ 507,513   (33.4)%     $ 545,548   $ 981,633   (44.4)% fiscal fourth quarter 2024 net sales for the fourth quarter were $2.53 billion, a decrease of 7.4% as compared to the fourth quarter of fiscal 2023. consolidated gross profit margin for the fourth quarter was 15.8%, a 140 basis point improvement over the comparable prior-year period, aided in part by a favorable lifo inventory adjustment due to reductions in inventory levels as well as an improved warranty cost percentage.
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