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Thor Industries Inc. reported lower RV sales revenue for its third fiscal quarter and the first nine months of its fiscal year 2001, both of which ended April 30.

The company’s third fiscal quarter RV sales dropped 25% to $146.7 million and its RV-related revenue was down 22% to $389 million during the nine months ended April 30.

Meanwhile, Thor’s transit bus revenue increased 38% during the February-through-April period to a record $74.3 million. The company’s transit bus revenues also climbed 24% during the nine months ended April 30 to a record $215 million.

Thor’s total sales during the February-through-April period slipped 12% to $221 million and its third fiscal quarter net earnings declined 33% to $6.7 million.

For the nine months ended April 30, Thor’s total sales declined 10% to $604 million, and the company’s net earnings fell 31% to $18.3 million.

Thor’s RV-related pretax earnings declined 47% during its third fiscal quarter and its RV pretax earnings were down 50% during the nine months ended April 30. The dollar amounts were not revealed.

Meanwhile, Thor’s transit bus-related pretax earnings increased 29% during the February-through-April period and climbed 12% during the nine months ended April 30.

“RV industry unit sales have been down in each of the past 11 months but the rate of decline has decreased each month since the beginning of 2001,” said Thor Chairman Wade F.B. Thompson.