Welcome Guest | Log In
Bates International

Bates Blog

February 04, 2010 367
Record Backlog; Cash and Investments at $155 Million
Thor Announces Preliminary Sales for Quarter, Six Months


Click Illustration for Larger Image

Thor Industries (NYSE: THO) announced today preliminary sales for the quarter and six months ended January 31, 2010. Sales in the quarter were $429 million, almost double the $227 million from last year. RV sales were $335 million, up 148% from $135 million last year. Bus sales were $94 million, up 2% versus $92 million last year.

Sales in the 6 months were $932 million, up 40% from $665 million last year. RV sales were $726 million, up 56% from $465 million last year. Bus sales were $206 million, up 3% from $200 million last year.

Backlog on January 31, 2010 was a record $711 million, up 81% from $392 million last year. RV backlog was $449 million, up 157% from $175 million last year. Bus backlog was $262 million, up 21% from $217 million last year. Cash, cash equivalents and investments on January 31, 2010 were $155 million.

"Thor's record backlog is indicative of improving RV market conditions and continuing strength in bus," said Peter B. Orthwein, Thor Chairman, President & CEO. "RV retail shows have been much improved so far this season which leads us to anticipate continued performance gains throughout 2010," he added.


Source: Thor Industries
Post Comment
RV Industry News Headlines
Follow Bates On...
Join Us on Twitter
Join Us on facebook
Join Us on You Tube
Recent Blog Postings
President's Blog
Industry News Headlines
Recent Travel Blogs
Recent Lifestyle Blogs