Thor Industries Inc. said its board has authorized the buyback of up to $600 million while extending the duration of the program by approximately seven months.
The company may purchase shares on a discretionary basis from time-to-time through open market purchases, privately negotiated transactions or other means.
“We have been aggressively buying shares in the market since our share repurchase authorization was announced in December 2021, and have purchased more than one million Thor shares to-date. We continue to believe that Thor shares present a compelling investment opportunity at current share prices, and we intend to continue to take advantage to this opportunity to create value by returning capital to shareholder through additional share purchases. Given the current stock price, we believe purchasing Thor shares represents the best risk-adjusted return for our cash,” said Bob Martin, President and CEO of Thor Industries.
