Thor Industries, Inc. reported a significant decline in its financial performance for the first quarter of fiscal 2025, with consolidated net sales falling to $2.14 billion, a decrease of 14.3% compared to $2.50 billion in the same quarter of the previous fiscal year. The company also experienced a substantial net loss, with earnings per share dropping 104% and net income decreasing 103%. Additionally, EBITDA fell by 49%, and the backlog of orders decreased by 22%. The downturn in sales is attributed to a slump in the recreational vehicle (RV) market, impacting various segments including OEMs, aftermarket parts, and dealerships. Analysts suggest that the upcoming earnings report from Winnebago Industries, scheduled for December 20, may further reflect challenges in the RV sector, especially with the looming ban on motorhomes in several states in 2025. Despite these challenges, some analysts noted a potential stabilization in the towables segment, with dealer inventories down 9% year-over-year and shipments up 5%.