September 2010
Volume 37 - Number 2


Contents

Advertisement




Financial News
Advertisements

Advertisement
May 13, 2010 477
Thor Announces Sales for Quarter, Nine Months; Backlog, Cash and Investments, Sale of Canadian Operations


Click Illustration for Larger Image

Thor Industries (NYSE:THO) announced sales and backlog for the quarter and nine months ended April 30, 2010, and the divestiture of its Canadian RV and Park Model operations.

Sales in the quarter were $679 million, up 64% from $415 million last year. RV sales were $558 million, up 79% from $312 million last year. Specialty Vehicle sales, which include buses and ambulances were $121 million, up 17% from $103 million last year.

Sales in the 9 months were $1.61 billion, up 49% from $1.08 billion last year. RV sales were $1.28 billion, up 65% from $777 million last year. Specialty Vehicle sales were $328 million, up 8% from $304 million last year.

Cash, cash equivalents and investments on April 30, 2010 were $155 million versus $296 million last year. Backlog on April 30, 2010 was $667 million, up 51% from $442 million last year. RV backlog was $448 million, more than double $214 million last year. Specialty Vehicle backlog was $219 million versus $228 million last year.

Thor also announced that it had sold its Citair Inc. subsidiary, d.b.a. General Coach Canada, to management, effective April 30, 2010.

"The RV industry continues a strong wholesale re-stocking trend, as evidenced by Thor's large order backlog," said Peter B. Orthwein, Thor Chairman, CEO & President. "Importantly, Thor's recent internal retail sales results also demonstrate substantial improvement over last year, including the March and April periods. This bodes well for a better balance between retail demand and wholesale replenishment as we move forward," he added.

Source Thor Industries

[ Top ]

Post Comment

[ Back to Contents ]

Advertisement
More Financials Articles
Advertisement


Copyright © 2010 RV News - ALL RIGHTS RESERVED