Thor Industries says 2Q sales up 13 percent

The Associated Press Published:

JACKSON CENTER, Ohio (AP) -- Bus and camper vehicle maker Thor Industries said its fiscal second-quarter sales rose 13 percent on higher RV sales.

Thor Industries released preliminary sales figures late Thursday for the quarter ended Jan. 31, showing revenue of $596.4 million, compared with $526.2 million during the same period last year.

If the preliminary numbers hold true, they will beat Wall Street expectations. Analysts expect the company to report $551.1 million in revenue when it releases its full earnings report for the quarter, according to FactSet.

The company is scheduled to report its full second-quarter earnings March 5.

The company, which makes recreational vehicles like tow-along campers, said RV sales rose 15 percent from last year, at $500.7 million, compared with $437.1 million the year before.

Bus sales climbed 7 percent to $95.7 million.

The company said it had a backlog of orders on Jan. 31 worth $647 million. That's down from the backlog of $689 million it had last year. RV backlog was $413 million at the end of the quarter, down from $467 million last year. Bus backlog was $234 million, up 5 percent from $222 million last year.

Shares fell 2 cents to close at $30.98 Thursday.