Thor Industries Inc. Announces Preliminary Consolidated Sales Results for the Third Quarter and Nine Months Ended April 30, 2014; Provides Earnings Guidance for the Third Quarter of Fiscal 2014
May 05, 2014 at 04:15 pm EDT
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Thor Industries Inc. announced preliminary consolidated sales results for the third quarter and nine months ended April 30, 2014. For the quarter, sales from continuing operations were $1.05 billion, up 13% from $929.8 million in the third quarter last year.
For the nine months, consolidated sales from continuing operations were $2.48 billion, up 6% from $2.33 billion last year.
The company's operations in the third quarter of fiscal 2014 continued to be adversely impacted by a variety of factors including the harsh winter weather during February and early March, which in turn affected certain costs during the quarter.
THOR Industries, Inc. is a manufacturer of recreational vehicles (RVs). The Company operates through three segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles and European Recreational Vehicles. The North American Towable Recreational Vehicles segment consists of Airstream (towable), Heartland (including Cruiser RV and DRV), Jayco (including Jayco towable, Starcraft and Highland Ridge), Keystone (including CrossRoads and Dutchmen), and KZ (including Venture RV). The North American Motorized Recreational Vehicles segment consists of Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach), Thor Motor Coach and the Tiffin Group. The European Recreational Vehicles segment consists of the EHG business. EHG manufactures a full line of motorized and towable recreational vehicles, including motorcaravans, campervans, urban vehicles and caravans in eight RV production facilities within Europe.
Thor Industries Inc. Announces Preliminary Consolidated Sales Results for the Third Quarter and Nine Months Ended April 30, 2014; Provides Earnings Guidance for the Third Quarter of Fiscal 2014