Thor Reports Record $599M Backlog at End of Quarter

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November 3, 2009 by RV Business Leave a Comment

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Sherman Goldenberg

Thor Industries Inc. announced today (Nov. 3) its preliminary sales for the three months ended Oct. 31 were $501 million, up 14% from $439 million last year.

RV sales in the quarter were $389 million, up 18% from $330 million last year. Towable sales were $342 million, up 20% from $285 million last year. Motorhome sales were $47 million, up 4% from $45 million the prior year. Bus sales were $112 million, up 3% from $109 million last year.

Cash, cash equivalents, and investments were $326 million at quarter’s end.

Total backlog was $599 million, the highest ever for this time of the year and up 57% from $381 million last year. Towable backlog was $267 million, up 190% from $92 million last year. Motorhome backlog was $48 million, up 50% from $32 million last year. Bus backlog was $284 million, up 11% from $257 million last year.

“Typically, RV backlogs decline from July to October due to seasonality of the business. This year, however, our RV backlog shows a sequential increase, indicating continuing strength in both towables and motorhomes,” said Wade F. B. Thompson, Thor chairman.