Thor Industries, Inc. (THO) on Thursday reported preliminary third quarter sales of $1.05 billion, an increase of 13.3% from $926.5 million in the third quarter of last year.
The third quarter was the first time in the Company's history in which quarterly sales exceeded $1 billion.
Analysts polled by Thomson Reuters expected the company to post revenue of $1.05 billion for the third quarter.
RV sales for the quarter rose 15.1% to $929.3 million from $807.2 million a year ago. Towable RV sales for the third quarter grew 9.1% to $742.1 million from $680.5 million a year earlier, while Motorized RV sales increased 47.8% to $187.2 million from $126.7 million last year. Bus sales were flat at $119.2 million compared to $119.3 million in the third quarter last year.
Consolidated backlog on April 30, 2013 was $849.2 million, up 28.0% from last year. RV backlog was $649.6 million, up 44.9% from the end of the third quarter of fiscal 2012. Towable RV backlog increased 27.1% to $439.6 million and motorized RV backlog more than doubled to $210.0 million. Bus backlog was $199.6 million, down 7.2% from the end of the third quarter of fiscal 2012.
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