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Thor Industries Inc. announced today (Aug. 4) a 25% drop in fiscal fourth-quarter sales, including a 30% decline in RV revenue.
According to the preliminary report, sales in the quarter, ended July 31, were $569 million compared to $755 million in the year-ago period. RV sales totaled $453 million, down 30% from $645 million last year. Bus sales were a record $115 million, up 5% from $109 million last year.
Sales for the 12 months fell 8% to $2.6 billion from $2.85 billion the year prior. Jackson Center, Ohio-based Thor said RV sales for the full year were down 9% to $2.2 billion from $2.45 billion the previous year while bus sales were a record $415 million, up 4% from $401 million last year.
Backlog on July 31 was $406 million, down 31% from $590 million last year as RV backlog declined 60% to $146 million.