Feb. 4, 2014
/PRNewswire/ -- Thor Industries, Inc. (NYSE:THO) today announced preliminary sales, as well as continued growth in the Company's backlog, for the second quarter and six months ended
Preliminary consolidated sales from continuing operations in the second quarter were
.3 million, down slightly from
in the second quarter last year. Towable RV sales for the second quarter were
, down 9.3% from
in the second quarter of fiscal 2013. Motorized RV sales in the second quarter increased 42.5% to
.8 million in the same quarter a year ago.
For the six months ended
January 31, 2014
, preliminary consolidated sales from continuing operations were
, up 2.9% from
last year. Towable RV sales for the six months were
, down 5.2% from
last year. Motorized RV sales rose 43.8% to
Consolidated backlog on
January 31, 2014
, up 37.1% from
at the end of the second quarter last year. Towable RV backlog increased 33.7% to
.9 million, compared to
at the end of the second quarter of fiscal 2013. Motorized RV backlog increased 42.3% to
a year earlier.
"Thor's sales for the second quarter were adversely affected by the severe winter weather that has plagued the Midwest this year. In January, our operations in
lost several days of production due to severe cold temperatures and heavy snow," said
, Thor President and CEO. "The severe weather affected our ability to receive materials, run production and ship units amid the frigid temperatures and hazardous road conditions. The second quarter sales total also reflects the impact of certain operational moves we've made over the past few months. Ultimately, these factors have resulted in a shift in the timing of deliveries and revenues from the second quarter to later in the year as indicated by our backlog growth. The RV markets remain strong as reflected by the higher traffic and increased sales activity we've seen in the early retail shows," he added.
Thor expects to report its second-quarter operating results on March 6, 2014.