Fiscal 2018 financial results continue to demonstrate strong growth in both revenue and profitability, reflecting all-time records for a second quarter and first half in the Company’s history:
Second quarter net sales of $1.97 billion, up 24.1%
Second quarter income before taxes of $141.1 million, up 43.4%
Second quarter diluted EPS of $1.51, up 22.8%
As a result of the Tax Cuts and Jobs Act (the “Tax Act”) enacted in December 2017, the Company’s effective tax rate for the quarter was 43.5%, driven primarily by an income tax charge related to the revaluation of its net deferred tax assets, partially offset by the year-to-date benefit of the lower federal tax rate provided under the Tax Act
First half net sales of $4.20 billion, up 27.5%
First half income before taxes of $328.2 million, up 53.2%
Consolidated RV backlog up 33.9% to $2.80 billion, versus 2017 second quarter, driven by continued strong consumer demand for affordably-priced travel trailers and motorhomes
Attendance and sales at early spring retail trade shows support dealers’ optimism for calendar 2018 consumer demand levels
Economic conditions remain favorable for continued industry growth
Thor Industries, Inc. - Thor Announces Record Results for Second Quarter and First Half of Fiscal 2018
