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Thor announces record preliminary sales

 

Thor Industries, Inc. has announced record preliminary sales as well as an improved backlog for the third quarter and nine months ended April 30, 2013. The third quarter was the first time in the company's history in which quarterly sales exceeded $1 billion.

Preliminary consolidated sales in the third quarter were a record $1.05 billion, up 13.3 percent from $926.5 million in the third quarter last year. RV sales were $929.3 million, up 15.1 percent from $807.2 million in last year's third quarter. Towable RV sales for the third quarter were $742.1 million, up 9.1 percent from $680.5 million in the third quarter of fiscal 2012.  Motorized RV sales in the third quarter increased 47.8 percent to $187.2 million from $126.7 million in the same quarter a year ago. Bus sales were flat at $119.2 million compared to $119.3 million in the third quarter last year.

For the nine months ended April 30, 2013, preliminary consolidated sales were $2.67 billion, up 21.4 percent from $2.2 billion last year. RV sales were $2.33 billion, up 24.6 percent from $1.87 billion last year. Towable RV sales for the nine months were $1.90 billion, up 17.3 percent from $1.62 billion last year. Motorized RV sales rose to $423.2 million, up 72 percent from $246.1 million last year. Bus sales were $338.4 million, up 3.6 percent from $326.6 million last year.

Consolidated backlog on April 30, 2013 was $849.2 million, up 28 percent from last year. RV backlog was $649.6 million, up 44.9 percent from the end of the third quarter of fiscal 2012. Towable RV backlog increased 27.1 percent to $439.6 million and motorized RV backlog more than doubled to $210.0 million. Bus backlog was $199.6 million, down 7.2 percent from the end of the third quarter of fiscal 2012.

"Thor achieved record sales for the third quarter of fiscal 2013 based on the strength of the overall RV market and in particular, the growing recovery of the motorized RV market.  We have seen improving retail traffic and increased dealer optimism as signs of a healthy market entering the seasonally important spring and summer selling period," said Peter B. Orthwein, Thor chairman and CEO.  "Although we are still in very competitive environments in both RVs and buses, we believe Thor is positioned well to support future growth in both of our businesses.  We expect to report our third quarter operating results on June 6."