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Fortune

Christiaan Hetzner

Amid soft demand for RVs and motor homes, Thor Industries to buy back shares worth up to $400 million

Thor Industries Thor Bob Martin

A restored 1956 Airstream Safari trailer. (Credit: Cyrus McCrimmon—The Denver Post via Getty Images)

The RV manufacturer believes the stock price doesn’t fully reflect the Fortune 500 company’s true value and authorized purchasing stock back through the end of July 2027. CEO Bob Martin said the move is a ‘testament to our ability to generate cash even in tougher markets’.

Thor Industries will buy back stock amid an ongoing industry slump, expressing its view equity markets are not properly valuing the world’s largest manufacturer of recreational vehicles.

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