Thor Industries Inc. had $107.2 million in cash and short-term investments as of July 31, which puts the company “in a strong position to take advantage of future strategic opportunities,” according to Wade F.B. Thompson, chairman.
Thompson made his disclosure today (Sept. 24), when Thor revealed its fourth fiscal quarter and fiscal year 2001 earnings report.
During Thor’s fourth fiscal quarter, which ended July 31, the company’s earnings declined 13% to $8.4 million.
Meanwhile, Thor’s total sales during the May-through-July period declined 8% to $222.9 million, and its RV sales revenue fell 18% to $145.9 million.
Thor’s other revenue comes from manufacturing transit and shuttle buses.
For the year ended July 31, Thor’s earnings declined 26% to $26.7 million. The company’s total sales declined 10% during its fiscal year 2001 to $826.9 million and its RV sales declined 21% to $534.9 million.