Thor Industries Inc. posted a 22% increase in sales for its fiscal fourth quarter, ended July 31, pushing the company to record revenues of just over $3 billion for the full year.
In a preliminary report, Thor reported fourth-quarter sales rose from $660 million last year to $803 million, also a record for the Jackson Center, Ohio-based firm. RV sales during the period were $717 million, up 23% from $584 million the previous year, and bus sales increased 13% to $86 million from $76 million last year.
Year-end revenues increased 20% from $2.5 billion to $3 billion, including a record $2.7 billion in RV sales compared with $2.3 billion a year ago. Bus sales grew 26% to $316 million from $250 million.
“Continuing strength in our retail RV sales and record order backlog bodes well for a positive start to the 2007 fiscal year which we expect will again see record continuing performance outpacing all our competitors,” said Wade F. B. Thompson, Thor chairman.
In addition Thor reported record backlog, as of Aug. 1, and that the company had bought of over 1 million shares in the past 60 days as part of its stock repurchase plan.