THOR Industries sees continued strong production levels well into calendar 2022. Demand for THOR Industries products remains robust at the retail level, and dealer inventory levels remain historically low.
- Record net sales for the third quarter were $3.46 billion, an increase of 105.7% as compared to the third quarter of the prior year. Third-quarter results include $2.50 billion in North American RV net sales and $894.2 million in European RV net sales.
- Consolidated gross profit margin for the third quarter was 14.6%, a 240 basis point improvement over the comparable prior-year period.
- Record earnings per share for the third quarter were $3.29 per diluted share, an increase of 665.1% as compared to $0.43 per diluted share in the same period of the prior year.
- Consolidated RV backlog as of April 30, 2021 was $14.32 billion, an increase of nearly 550% over RV backlog as of April 30, 2020.
- Senior Secured Term Loan B facility was repriced, and the Company expects to reduce cash interest expense by approximately $13 million on an annualized basis.
Thor Industries, Inc. - THOR Industries Revenues Up 105.7%, Gross Profit Margin Improved By 240 Basis Points And Earnings Per Share Up 665.1% For The Third Quarter Of Fiscal 2021
