Thor Improves Sales, Profits

Thor Industries, the world’s largest RV manufacturer, reported that its RV income before taxes reached nearly $49.7 million in the first six months of this fiscal year, compared with a $14 million loss during the same period a year ago. RV sales were up 56 percent.

Thor said its commercial bus business also improved, bringing total net income for six months to $35.3 million, compared with a $9.7 million loss last year. Results were for six months ending January 31.

Peter B. Orthwein, Thor chairman, said, “Thor’s results continue to progress, propelled by improving RV market conditions and strong bus efficiencies. We continue to be profitable in all segments of our business, including motorhomes, reflecting the permanent cost reductions we have made.”  

Thor recently added ambulance manufacturing to its business by buying SJC Industries in Elkhart, Indiana, for $20 million. SJC is the second largest manufacturer of ambulances in the U.S.

Nikki

Nikki is a writer and editor for Do It Yourself RV, RV LIFE, and Camper Report. She is based on the Oregon Coast and has traveled all over the Pacific Northwest.