Both Thor Industries and Winnebago Industries ended their 2011-12 fiscal years with gains in sales and with company officials predicting continuing growth through the end of this year and into 2013.
Thor Industries, the world’s largest RV manufacturer, ended its fiscal year July 31 with $2.6 billion in RV sales, a 13 percent increase over the previous year. Thor, which also makes commercial buses and ambulances, said total sales exceeded $3 billion, a 12 percent gain.
The company reported net income for the year of $121.7 million, an increase of 15 percent over the prior year. All of the gains in RV sales were in towable products. Motorhome revenue dropped by 3 percent for the year, but was up 22 percent in the final quarter. Thor brands include Airstream, CrossRoads, Dutchmen, Heartland, Keystone and Thor Motor Coach.
Winnebago also reported that motorhome sales improved in the fourth quarter of its fiscal year, which ended Aug. 25. For the year, it had revenue of $581.7 million, a gain of more than 17 percent. Net income rose to $45 million. Winnebago said it has ramped up production to meet increased demand for its products.
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