索尔工业 2026年季度报告

FORM10-Q ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the Securities registered pursuant to Section 12(b) of the Act: Name of each exchangeTitle of each classTrading Symbol(s)on which registeredCommon stock (Par value $0.10 Per Share)THONew York Stock Exchange Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐☑ As of February25, 2026, 52,595,933 shares of the registrant’s common stock, par value $0.10 per share, were outstanding. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(All U.S. Dollar and Euro amounts presented in thousands except share and per share data or except as otherwise specified) 1.Nature of Operations and Accounting Policies Nature of Operations THOR Industries, Inc. was founded in 1980 and is the sole owner of operating subsidiaries (collectively, the “Company” or “THOR”),that, combined, represent the world's largest manufacturer of recreational vehicles (“RVs”) by units sold and revenue. The Companymanufactures a wide variety of RVs primarily in the United States and Europe and sells those vehicles, as well as related parts andaccessories, primarily to independent, non-franchise dealers throughout the United States, Canada and Europe. Unless the context The July 31, 2025 amounts are derived from the annual audited financial statements of THOR. The interim financial statements areunaudited. In the opinion of management, all adjustments (which consist of normal, recurring adjustments) necessary to present fairlythe financial position, results of operations and cash flows for the interim periods presented have been made. These financialstatements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2025. Recently Adopted Accounting Standards In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, requiringenhancements and further transparency to certain income tax disclosures. Under this ASU, entities must disclose, on an annual basis,specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold.In addition, ASU 2023-09 requires entities to disclose additional information about income taxes paid. The new standard alsoeliminates certain existing disclosure requirements related to uncertain tax positions and unrecognized deferred tax liabilities. ASU Recently Issued Accounting Standards Not Yet Adopted InNovember 2024,the FASB issued ASU 2024-03,“Income Statement—Reporting Comprehensive Income—ExpenseDisaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses,” as updated by ASU 2025-01, “IncomeStatement — Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the EffectiveDate”, issued in January 2025. This guidance provides updates to qualitative and quantitative disclosure requirements over thedisaggregation of relevant expense captions within the income statement to provide more transparency and useful information onexpenses within the income statement including tabular presentation of prescribed expense categories such as the purchases ofinventory, employee compensation, depreciation, intangible asset amortization, and inclusion of other specific expense, gains and 2.Business Segments The Company’s Chief Operating Decision Maker ("CODM") is the President and Chief Executive Officer. The CODM uses net sales,gross profit and income (loss) before income taxes to measure performance of the Company’s segments, allocate resources and makeoperating decisions. The CODM regul