Thor Industries, Inc. (THO) Misses Q3 EPS by 5c

Thor Industries, Inc. (NYSE: THO) reported Q3 EPS of $1.03, $0.05 worse than the analyst estimate of $1.08. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.05 billion.

Third Quarter Segment Highlights:

• Towable RV sales were $800.7 million for the third quarter, up 8% from $742.4 million in the prior year period. Towable RV income before tax was $72.6 million, up 16% from $62.5 million in the third quarter last year, primarily as a result increased sales volumes.
• Motorized RV sales were $246.1 million for the third quarter, up 31% from $187.3 million in the prior year third quarter. Motorized RV income before tax was $17.7 million, up 17% from $15.1 million last year, which was driven primarily by increased sales volumes, partially offset by start-up costs associated with new production lines.
• Consolidated backlog on April 30, 2014 was $820.2 million, up 26% from $649.6 million at the end of the third quarter last year. Towable RV backlog increased 25% to $548.5 million, compared to $439.6 million at the end of the third quarter of fiscal 2013. Motorized RV backlog increased 29% to $271.7 million from $210.0 million a year earlier.

For earnings history and earnings-related data on Thor Industries, Inc. (THO) click here.

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