Thor Industries Inc. today (Aug. 4) announced preliminary sales for the quarter and 12 months ended July 31.
Sales in the quarter were $440 million, down from $570 million last year. RV sales were $337 million, versus $455 million last year. Bus sales were $103 million versus $115 million last year.
Sales in the 12 months were $1.52 billion, down from $2.64 billion last year. RV sales were $1.11 billion, down from $2.22 billion last year. Bus sales were $407 million versus $416 million last year.
Cash, cash equivalents, and investments were $338 million on July 31. Backlog on July 31 was $588 million, the highest since July 2007 and up 45% from $406 million last year. RV backlog was $298 million, more than double last year’s $146 million. Bus backlog was $290 million, up 11% from $261 million last year.
“These strong backlogs indicate the start of a more positive fiscal 2010,” said Wade F. B. Thompson, Thor chairman.