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Thor Industries Inc. Message Board

  • cmmdrsolo cmmdrsolo Nov 27, 2012 8:48 AM Flag

    Earnings Actually Beat

    Analysts back out one-time items and intangible amortization from their estimates. If you back out the $1.1 million in separation expense and the IA, you get $0.63. Also, the warranty provision was unusually high relative to payment in this quarter relative to 1Qs in recent years. I suppose that is because of the strong revenue growth. It also could represent a legitimate smoothing method to tuck away a little earnings for future quarters when they might need it.

 
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