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Thor Industries Inc. reports the value of its RV order backlog more than doubled to $378 million as of Dec. 31, compared with $178 million as of Dec. 31, 2002.
The New York Stock Exchange-listed company’s RV order backlog includes the 1,000-unit Class C motorhome order from rental firm Cruise America, which Thor revealed Monday (Jan. 5). Also included in the Dec. 31 RV backlog is Class A motorhome units to be built by Damon Motor Coach and park models to be built by Damon’s Breckenridge subsidiary.
Thor acquired Damon, and Damon’s Breckenridge subsidiary, Sept. 2.
Meanwhile, Thor’s midsize bus order backlog was up a modest 4% to $99 million as of last Wednesday, compared with $95 million on Dec. 31, 2002.
Thor’s total order backlog was a record $477 million as of Dec. 31, a 75% increase over its total backlog worth $274 million a year ago.
Additionally, Forbes magazine has included Thor in its “Best Managed Companies in America” issue. Forbes noted that Thor achieved a five-year annualized total return of 39.2%, easily outperforming its peers in the consumer durables category.
Separately, two Indianapolis high school seniors recently won a national investing competition by creating a stock portfolio that included Thor shares, according to the Indianapolis Star. The students decided to include Thor because it, among other things, has a profit margin roughly double that of its RV industry peers, the newspaper reported.