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THOR REPORTS RECORD NET INCOME, SALES; 50 PERCENT DIVIDEND INCREASE

 THOR REPORTS RECORD NET INCOME, SALES; 50 PERCENT DIVIDEND INCREASE
 JACKSON CENTER, Ohio, May 29 /PRNewswire/ -- Thor Industries, Inc. (NYSE: THO) reported record sales and record net income for the third quarter and nine months ended April 30, 1992.
 Net income for the quarter was a record $2,587,000 or 36 cents per share compared with a loss of $342,000 or (5 cents) per share last year. Net income for the nine months was a record $5,479,000 or 76 cents per share compared with a loss of $614,000 or (9 cents) per share last year.
 All per share figures for this year and last year reflect the 3 for 2 stock split which was effective April 27, 1992.
 Sales for the third quarter were a record $77.0 million, up 138 percent from $32.4 million last year. Sales for the nine months were a record $186.4 million, up 100 percent from $93.4 million last year.
 "These results, easily a record for any quarter or nine months, reflect a significant strengthening in the U.S. RV industry, Thor's major business," said Wade F. B. Thompson, Thor chairman.
 Thor also announced a quarterly dividend of 3 cents per share payable on July 2, 1992 to stockholders of record on June 19, 1992. This represents an increase of 50 percent in the dividend based on the recent 3 for 2 stock split.
 Thor is the second largest manufacturer of recreational vehicles in North America and the largest builder of small and midsize buses.
 THOR INDUSTRIES, INC.
 Statement of Consolidated Income
 (Dollars in thousands, except per share, unaudited)
 Periods ended Three months Nine months
 April 30 1992 1991 1992 1991
 Net sales $76,976 $32,382 $186,405 $93,444
 Gross margin 11,252 2,962 26,790 9,769
 Net income/loss 2,587 (342) 5,479 (614)
 Earnings per common share $.36 $(.05) $.76 $(.09)
 Average common shares
 outstanding 7,232,596 7,163,325 7,200,543 7,172,118
 -0- 5/29/92
 /CONTACT: Wade F. B. Thompson or Peter B. Orthwein of Thor Industries, 212-370-1570/
 (THO) CO: Thor Industries, Inc. ST: Ohio IN: LEI SU: ERN


SM-OS -- NY054 -- 5278 05/29/92 15:16 EDT
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Publication:PR Newswire
Date:May 29, 1992
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