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Thor Industries Inc. reported today (Dec. 1) record sales and net income for its first fiscal quarter ended Oct. 31.
Sales for the August-through-October period were $490.4 million, up 21% from the same period last year, while the Jackson Center, Ohio-based OEM’s net income of $23.7 million was up 14%.
RV sales rose 23% to $433.0 million, and RV-related income before tax rose 9% to $37.5 million.
Thor’s RV and mid-size bus order backlog as of Oct. 31 was $319 million, up 24% from a year earlier. Its RV backlog, including Class A motorhome builder Damon Motor Coach, which was acquired in early September, was $219 million.
“Our record backlog, our strong retail RV sales, the highest consumer confidence level in 14 months, and exceptional RV industry retail strength bodes well for very positive Thor results for the remainder of the fiscal year,” said Wade F. B. Thompson, Thor’s chairman.