Wednesday, October 1, 2014

Recommended For You

Thor Industries fiscal 3Q sales topped $1 billion

Thor Industries said Thursday that it topped $1 billion in quarterly sales for the first time.

Posted on May 2, 2013 at 1:00 a.m. | Updated on May 2, 2013 at 7:15 p.m.

ELKHART — Recreational vehicle and bus maker Thor Industries Inc. said Thursday that it topped $1 billion in quarterly sales for the first time.

The company credited the strength of the RV market as reflected in better retail traffic and more optimism among dealers heading into the key spring and summer selling seasons.

Thor said preliminary sales for the quarter ended April 30 rose 13 percent to $1.05 billion from a year ago. That matched the expectation of analysts surveyed by FactSet.

RV sales rose 15 percent while bus sales were flat in the fiscal third quarter, the company said.

Backlog on April 30 was $849.2 million, up 28 percent from last year, with RVs accounting for about three-fourths of the total.

Thor is scheduled to report third-quarter results on June 6. Analysts predict the company will report adjusted earnings of 88 cents per share.

Thor shares rose 48 cents to close at $37.34.


Posted 32 minutes ago
 In this Tuesday, May 13, 2014 photo, construction cranes and scaffolding dominate the minarets and entries to the Kaaba at Mecca, Saudi Arabia, where a major expansion project is revamping the holiest site in Islam. As Muslims from around the world stream into Mecca for the annual hajj pilgrimage this week, they come to a city undergoing the biggest transformation in its history. (AP Photo/Hasan Jamali)

Posted 32 minutes ago
Back to top ^