Thor Industries posts 148 percent increase in RV sales

02/03/2010

JACKSON CENTER, Ohio --Thor Industries announced today preliminary sales for the second quarter and six months ended Jan. 31, 2010.

Sales in the quarter were $429 million, almost double the $227 million from last year. RV sales were $335 million, up 148 percent from $135 million last year. Bus sales were $94 million, up 2 percent versus $92 million last year.

Sales in the six months were $932 million, up 40 percent from $665 million last year. RV sales were $726 million, up 56 percent from $465 million last year. Bus sales were $206 million, up 3 percent from $200 million last year.

Backlog on January 31, 2010 was a record $711 million, up 81 percent from $392 million last year. RV backlog was $449 million, up 157 percent from $175 million last year. Bus backlog was $262 million, up 21 percent from $217 million last year. Cash, cash equivalents and investments on Jan. 31, 2010 were $155 million.

"Thor's record backlog is indicative of improving RV market conditions and continuing strength in bus," said Peter B. Orthwein, Thor chairman, presidentandCEO. "RV retail shows have been much improved so far this season which leads us to anticipate continued performance gains throughout 2010."

SOURCE:Thor Industries press release

THOR owns Airstream amongst many brands.....wwk