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Monday, October 4, 2010

RV Sales Explode

JACKSON CENTER, Ohio -- Thor Industries, Inc., today announced results for the fourth quarter and year ended July 31, 2010. Thor stock was trading 13.5 percent higher at 3 p.m. after the company released the financial report.

Sales for the quarter were $663.7 million, up 51 percent from $440.9 million last year. Net income for the quarter was $40.6 million, up 64 percent from $24.8 million last year. Basic earnings per share (EPS) for the quarter were 78 cents versus 45 cents last year.

Sales for the year were $2.27 billion up 50 percent from $1.52 billion last year. Net income for the year was $110 million, more than six times the $17.1 million of net income last year. Basic EPS for the year were $2.08 versus 31 cents last year.

Total RV segment sales for the quarter were $563.7 million, up 67 percent from $338 million last year. Towable RV sales for the quarter were $465.7 million, up 61 percent from $288.8 million last year. Motorized RV sales for the quarter were $97.9 million, up 99 percent from $49.2 million last year.
Total RV segment sales for the year were $1.85 billion, up 66 percent from $1.12 billion last year. Towable RV sales for the year were $1.56 billion, up 63 percent from $953.3 million last year. Motorized RV sales for the year were $291.96 million, up 81 percent from $161.7 million last year.

All these number, that I just love, mean one thing; things are getting better in the RV industry

That means price increases cannot be far behind.  Onward and Upward

Richard & Joan Parker, Seeing America at Eye-Level