THO - THOR Industries announces $250M buyback authorization

THOR Industries (NYSE:THO) authorizes the repurchase of up to $250M of its common stock. The repurchase authorization will expire December 21, 2024.  Senior VP and CFO Colleen Zuhl commented, "Pursuant to our capital allocation plan, in fiscal year 2021 we invested $129 million into capital expenditures designed to grow our business and drive future efficiencies and margin expansion. We also returned $91 million in capital to our shareholders through dividend payments in the fiscal year. As we contemplate future share repurchases, we will evaluate the potential investment as we would an investment in organic growth or acquisition: choosing the option that has the potential to generate the best return on invested capital. Given the current stock price, we believe THOR shares represent the best risk-adjusted returns for our cash." The stock has a market cap of ~$5.47B.

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THOR Industries announces $250M buyback authorization