Aug. 4, 2014
/PRNewswire/ -- Thor Industries, Inc. (NYSE: THO) today announced preliminary sales from continuing operations, as well as continued strong year-over-year growth in the Company's backlog, for the fourth quarter and full year ended
Preliminary consolidated sales from continuing operations in the fourth quarter were
.04 billion, up 14% from
in the fourth quarter last year. Towable RV sales for the fourth quarter were
, up 11% from
in the fourth quarter of fiscal 2013. Motorized RV sales in the fourth quarter increased 29% to
.2 million in the same quarter a year ago.
For the full year ended
July 31, 2014
, preliminary consolidated sales from continuing operations were
, up 9% from
last year. Towable RV sales for the year were
, which was up 3% compared to
last year. Motorized RV sales rose 36% to
Consolidated backlog on
July 31, 2014
, up 22% from
at July 31, 2013. Towable RV backlog increased 30% to
.9 million, compared to
.4 million at the end of fiscal 2013. Motorized RV backlog increased 13% to
a year earlier.
Thor's preliminary sales results and backlog for the fourth quarter of fiscal 2014 included a full quarter impact of the acquisition of K-Z, which was completed on
, 2014. Thor's fourth-quarter results will include the required purchase price accounting for the K-Z transaction.
"We are pleased with the progress we've made in the fourth quarter and fiscal year as we've continued to execute our operational plans, consolidated facilities and began to integrate our acquisition of K-Z, resulting in another strong quarter of sales for Thor," said
, Thor President and CEO. "With the actions we have taken in the past year, we have incurred some short term financial costs, but the result is a strong base on which to build our long-term success. As we begin fiscal 2015, we are excited to showcase our new model year products at our upcoming Dealer Open House to be held in
next month, which we expect will provide a positive start to the fiscal year," he added.
Thor expects to report its fourth-quarter operating results on September 25, 2014.