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Thor Industries Q3 Profit Declines - Quick Facts

Thor Industries, Inc. (THO) reported third quarter net income per share was $0.43, compared to $0.59, last year. The company noted that the COVID-19 and the related governmental mandates implemented had a significant negative impact on its results of operations for the third quarter of fiscal 2020.

Third-quarter net sales were $1.68 billion, compared to $2.51 billion, a year ago. The results included $1.04 billion in North American RV sales and $615.3 million in European RV net sales.

Thor Industries noted that sales and backlog for May, the first month of the fourth quarter, improved on a weekly basis as dealers began to reopen their dealerships and consumer demand increased.

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