Just read this today.
Recreational vehicle maker Thor Industries Inc.
THO, +0.73% on Monday reported higher first-quarter profit and a 12% increase in revenue, bolstered by recent acquisitions.
Thor, which sells RVs in the U.S. and Canada, reported a 6% increase in towable RV sales, helped by acquisitions, and a 13% sales increase in the pricier motorized RVs.
Overall, the Elkhard, Ind., company reported a profit of $50.5 million, or 96 cents a share, up from $38.9 million, or 73 cents a share, a year earlier.
Sales rose to $1.03 billion from $922 million a year earlier.
Analysts surveyed by Thomson Reuters projected profit of 83 cents a share on $1.01 billion in sales.
Gross profit margin improved to 14.8% from 12.8% a year earlier.
Backlog, meanwhile, rose 16% to $1.05 billion, with motorized RV backlog up 33% to $341 million.
GO Thor.... or GO San Diego Chargers
Shares closed Monday at $57.92, up 3.7% for the year.
The company's annual shareholders' meeting is scheduled for Dec. 8.
Write to Maria Armental at
maria.armental@wsj.com
Thor Forums
