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THOR ANNOUNCES RECORD HALF-YEAR RESULTS; SIGNIFICANT TURNAROUND

THOR ANNOUNCES RECORD HALF-YEAR RESULTS; SIGNIFICANT TURNAROUND
 JACKSON CENTER, Ohio, March 9 /PRNewswire/ -- Thor Industries, Inc. (NYSE: THO) announced today record results for the six months ended Jan. 31, 1992.
 Sales for the six months ended Jan. 31, 1992 were $109,429,000 up 79 percent from $61,062,000 last year. Net income for the six months was $2,892,000 or 60 cents per share compared with a loss of $273,000 or (6 cents) per share last year.
 Sales for the second quarter were $44,873,000 up 62 percent from $27,666,000 last year. Net income in the quarter was $514,000 or 11 cents per share compared with a loss of $781,000 or (16 cents) per share last year.
 Wade F.B. Thompson, Thor chairman said "These results represent a significant turnaround from fiscal 1991. In addition, February 1992 sales were nearly triple those in February 1991 and, to satisfy demand for our products, we have substantially increased production at our California, Indiana and Pennsylvania plants."
 Thor also announced its regular quarterly dividend of 3 cents per share, payable on April 2, 1992 to stockholders of record on March 20, 1992.
 Thor is the second largest manufacturer of recreational vehicles in the U.S. and Canada and the largest builder of small and midsize buses.
 THOR INDUSTRIES, INC.
 Statement of Consolidated Income
 (Dollars in thousands, except per share -- Unaudited)
 Period ended Three months Six months
 Jan. 31 1992 1991 1992 1991
 Net sales $44,873 $27,666 $109,429 $61,062
 Gross margin 6,149 2,648 15,538 6,807
 Net income/loss 514 (781) 2,892 (273)
 Earnings per common
 share .11 (.16) .60 (.6)
 Average common shares
 outstanding 4,802,865 4,780,343 4,789,910 4,784,247
 -0- 3/9/92
 /CONTACT: Wade F.B. Thompson or Peter B. Orthwein of Thor Industries, 513-596-6849/
 (THO) CO: Thor Industries, Inc. ST: Ohio IN: LEI SU: ERN


SM-OS -- NY065 -- 6495 03/09/92 15:00 EST
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Publication:PR Newswire
Date:Mar 9, 1992
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