Thor Industries Inc. set a sales revenue record for the three-month period that ended on Friday (Oct. 31) thanks, in part, to the contribution from Class A motorhome manufacturer Damon Motor Coach, which Thor acquired on Sept. 2.
Thor’s total sales increased 20% in the period, the company’s first fiscal quarter, to $488.2 million, compared with $406.3 million a year earlier. That figure includes Damon’s $36.7 million in sales revenue occurring from Sept. 2 to Oct. 31.
Thor, which also builds midsize transit and shuttle buses, reports its RV sales amounted to $430.7 million in the quarter a 22% increase over the $352.2 million in sales a year earlier.
Bus sales revenue increased 6% in the quarter to $57.5 million.
Meanwhile, Thor Chairman Wade Thompson said the company’s RV retail registrations increased 28% in the period to 18,864 units, compared with 14,683 units a year earlier.
Thor’s retail sales increase should “far outpace the expected industry results” for the same period, Thompson said.
Thor’s retail sales total included 742 new Class A motorhomes retailed by Damon dealers from Sept. 2 to Oct. 31, Thompson added.
The value of Thor’s RV and bus order backlog amounted to $319.3 million as of Oct. 31, a record for that time of year and up 24% over its $257.1 million backlog a year earlier.
There was an RV order backlog of $218.7 million as Oct. 31, up 38% from a $158.9 million backlog a year earlier. The RV order backlog as of Oct. 31 included $49.3 million worth of Damon units.
Thor’s bus backlog as of Oct. 31 amounted to $100.6 million, up 2% from $98.2 million a year earlier.