Jayco RV Owners Forum
 


Reply
 
Thread Tools Display Modes
 
Old 09-26-2016, 03:09 PM   #1
Senior Member
 
McGarrett50's Avatar
 
Join Date: Jun 2014
Location: Clearwater
Posts: 168
Since Thor Bought Jayco.....

....Thor Stock Price is up about 33%.

And today THOR ANNOUNCES RECORD RESULTS FOR FOURTH QUARTER AND FISCAL 2016 earnings: Thor Industries, Inc. - Thor Announces Record Results for Fourth Quarter and Fiscal 2016

Jayco accounted for only 1 month of the quarter but contributed nearly $77 million in towable sales revenue and $27.6 million for motorized

A couple of interesting quotes from the press release:

"The increase in motorized RV sales was a result of continued strong growth in the more moderately priced gas Class A and Class C motorhomes, which are targeting new consumers entering the market, combined with the inclusion of one month of Jayco's motorized revenues"

The future impact of purchase accounting, including the amortization of intangibles for backlogs, dealer network and trademarks related to the Jayco acquisition, will have a more significant effect on future consolidated financial results as compared to the fourth quarter of fiscal 2016.

A couple of outlook quotes:

Continued strength in the RV market and an ongoing shift toward more moderately priced towable and motorized products, as well as a full year of revenues from Jayco, is expected to result in double-digit revenue growth in fiscal 2017.

The inclusion of lower gross-margin product sales from Jayco is expected to result in a dilution of gross margins in the coming year, though Jayco should contribute meaningful accretion to earnings per share for the full year.
__________________

__________________
2015 Jayco Precept 31UL
Tow: 2014 Ford Fusion SE HYBRID
Blue Ox BX7420 Avail Towbar
SMI Duo "Stay in Play" Braking
Barley, our Golden Retriever, on board and Buster in spirit!

McGarrett50 is offline   Reply With Quote
Old 09-26-2016, 03:52 PM   #2
Senior Member
 
Join Date: Sep 2013
Location: South Texas
Posts: 3,949
So, I have to wonder if "lower gross-margin products from Jayco" will be getting a price increase? Perhaps to bring the margin more in line with what THOR is accustomed to seeing? Or will they target the expense side of the equation? Or will they leave it alone and let the volume do the work?
__________________

__________________


2014 Jay Flight 28 BHBE
2015 RAM 2500 6.4L HEMI, Tradesman 4x4, 3.73
Blue Ox SwayPro (BXW 1503)

Upgraded from an REI internal frame backpack and a Eureka 1/2 dome tent!
Camper_bob is offline   Reply With Quote
Old 09-26-2016, 04:19 PM   #3
Senior Member
 
Join Date: Jun 2016
Location: Mechanicsville
Posts: 131
I would put my money on both a price increase and a reduction on the expense side.

Quote:
Originally Posted by Camper_bob View Post
So, I have to wonder if "lower gross-margin products from Jayco" will be getting a price increase? Perhaps to bring the margin more in line with what THOR is accustomed to seeing? Or will they target the expense side of the equation? Or will they leave it alone and let the volume do the work?
Atlee is offline   Reply With Quote
Old 09-26-2016, 04:57 PM   #4
Senior Member
 
Join Date: Aug 2015
Location: Lake George, NY
Posts: 246
I've heard a lot of trepidation and Thor bashing with the Jayco acquisition, but I hesitate to agree with a lot of it. Thor has a history of acquisitions already and the theme seems to be...If you were good before Thor arrived, you'll be fine afterwards which should bode well for the Jayco brand. All we can do is wait and see which inevitable changes occur and how they affect the brand. Only time will tell.
__________________
Ode to the Forum Moderators

May the Mods grant me the serenity to accept the opinions of those I cannot change,
the courage to offer valid input to those who are open to another way of thinking,
and the wisdom to shut myself down whenever I get too in love with my own misconceived brilliance.
SparkDr is offline   Reply With Quote
Old 09-26-2016, 05:16 PM   #5
Senior Member
 
Join Date: Aug 2016
Location: Denver
Posts: 1,356
Thor also owns airstream. Their 'portfolio' is so large, it's anyone's guess what they will do with the Jayco brand long term. I don't see a whole lot changing. They won't want to destroy what is obviously a profitable brand. RV sales are one of the most sensitive sectors when the economy goes through its normal down sides, gas prices increase, etc.. Jayco will remain in the 'affordable' catagory, or go under as a competing brand.
__________________
2016 27BHS Elite
2012 F-150 EcoBoost / Max Tow (Sale Pending)
2017 F-250 Lariat (Factory Ordered on 4/20)
bansai is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Virginia State Campgrounds

Reviews provided by

Powered by vBadvanced CMPS v3.2.3

All times are GMT -6. The time now is 03:37 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Copyright 2002-2016 Social Knowledge, LLC All Rights Reserved.