Business Description

Our Company was founded in 1980 and has grown to become the largest manufacturer of recreational vehicles (“RVs”) in the world. We are also the largest manufacturer of RVs in North America, and one of the largest manufacturers of RVs in Europe. The Company manufactures a wide variety of RVs in the United States (“U.S.”) and Europe, and sells those vehicles, as well as related parts and accessories, primarily to independent, non-franchise dealers throughout the United States, Canada and Europe. We are incorporated in Delaware and are the successor to a corporation of the same name which was incorporated in Nevada on July 29, 1980. Our principal executive office is located at 2900 Independence Ct., Elkhart, Indiana 46514 and our telephone number is (574) 970-7460. Our Internet address is www.thorindustries.com . We maintain copies of our recent filings with the Securities and Exchange Commission (“SEC”), available free of charge, on our web site. Unless the context otherwise requires or indicates, all references to “THOR”, the “Company”, “we”, “our” and “us” refer to THOR Industries, Inc. and its subsidiaries. Our principal North American recreational vehicle operating subsidiaries are Airstream, Inc. (“ Airstream ”), Jayco, Inc. (“ Jayco ”), Keystone RV Company (“ Keystone ”), K.Z., Inc. (“ KZ ”), Thor Motor Coach, Inc. (“ Thor Motor Coach ”) and Tiffin Motorhomes, Inc. (“ Tiffin Motorhomes ”). Our European recreational vehicle operations include eight primary RV production locations producing numerous brands within Europe, including Buccaneer, Buerstner, Carado, Corigon, CrossCamp, Dethleffs, Elddis, Eriba, Etrusco, Hymer, Laika, LMC, Niesmann+Bischoff, Sunlight and Xplore. Our supply operations include Airxcel, Inc. (" Airxcel ") and Postle Operating, LLC (" Postle "). North American Recreational Vehicles For the fiscal years ended July 31, 2026, 2025 and 2024, THOR, through its operating subsidiaries, is the largest manufacturer of RVs in North America, by units sold and revenue, based on retail statistics published by Statistical Surveys, Inc. (“Stat Surveys”) and other reported data. Our North American operating subsidiaries are as follows: Airstream Airstream manufactures and sells premium quality travel trailers and motorhomes. Airstream travel trailers are distinguished by their rounded shape and bright aluminum finish and, in our opinion, constitute the most recognized product in the recreational vehicle industry. Airstream manufactures and sells travel trailers under the trade names Airstream Classic , Globetrotter , International , Tradewind, Flying Cloud , Caravel , Bambi, World Traveler and Basecamp . Airstream also sells the Interstate, Atlas and Rangeline series of Class B motorhomes. Jayco Jayco manufactures and sells conventional travel trailers, fifth wheels and motorhomes, and includes the operations of Jayco, Open Range, Heartland and Entegra Coach. Jayco manufactures and sells conventional travel trailers and fifth wheels under trade names such as Jay Flight , Jay Feather , Eagle and Pinnacle , and also manufactures Class A, Class C and Class B motorhomes under trade names such as Alante , Precept , Greyhawk and Redhawk . Open Range manufactures and sells conventional travel trailers and fifth wheels under trade names such as Colt , Range Lite and 3X . Heartland manufactures and sells conventional travel trailers and fifth wheels under trade names such as Prowler , North Trail and Big Horn . Entegra Coach manufactures and sells Class A, Class C and Class B motorhomes under trade names such as Odyssey , Esteem , Emblem and Insignia . 1 Keystone Keystone manufactures and sells conventional travel trailers and fifth wheels and includes the operations of Keystone, Dutchmen and CrossRoads. Keystone manufactures and sells conventional travel trailers and fifth wheels under trade names such as Montana , Springdale , Hideout , Sprinter , Arcadia , Bullet , Fuzion , Raptor , Reign , Passport , Sprout , Cougar and Coleman , while the Dutchmen travel trailer and fifth wheel trade names include Kodiak , Aspen Trail, Astoria , Voltage and Colorado . CrossRoads manufactures and sells conventional travel trailers and fifth wheels under trade names such as Sunset Trail and Zinger and luxury fifth wheels under the trade name Redwood . KZ KZ manufactures and sells conventional travel trailers and fifth wheels and includes the operations of KZ and Venture RV.…