Printer Friendly

THOR REPORTS RECORD NET INCOME, SALES IN QUARTER, NINE MONTHS

 JACKSON CENTER, Ohio, June 7 /PRNewswire/ -- Thor Industries Inc. (NYSE: THO) reported today record sales and record net income for the third quarter and nine months ended April 30, 1993.
 Net income for the quarter was a record $2,985,000, up 15 percent from $2,587,000 last year. Earnings per share were $.34 versus $.36 last year. Net income for the nine months was a record $7,604,000, up 39 percent from $5,479,000 last year. Earnings per share for the nine months were $.86, up from $.76 cents last year. There are approximately 1,660,000 additional common shares outstanding this year.
 Sales for the third quarter were a record $117.2 million, up 52 percent from $77.0 million last year. Sales for the nine months were a record $301.5 million, up 62 percent from $186.4 million last year.
 "These results reflect a significant strengthening of Thor's position in the U.S. RV industry, our major business. They also show the continuing trend to lower priced, lower margin products. The weakness of California's economy negatively impacted Thor's RV and bus operations in that state in both the quarter and nine months," said Wade F. B. Thompson, Thor chairman.
 Thor also announced its regular quarterly dividend of $.03 per share payable on July 6, 1993, to stockholders of record on June 18, 1993.
 Thor Industries, Inc. is the second largest manufacturer of RVs and the largest builder of small and mid size buses in North America.
 THOR INDUSTRIES, INC.
 Statement of Consolidated Income
 For three and nine months ended April 30, 1993 & 1992
 (Unaudited, in $000 except per share)
 Three months Nine months
 Periods ended April 30, 1993 1992 1993 1992
 Net sales $117,205 $76,976 $301,457 $186,405
 Gross margin $ 13,867 $11,252 $ 35,126 $ 26,790
 Net income $ 2,985 $ 2,587 $ 7,604 $ 5,479
 Earnings per common share $ .34 $ .36 $ .86 $ .76
 Average common shares
 outstanding 8,892,856 7,232,596 8,883,534 7,200,543
 -0- 6/7/93
 /CONTACT: Wade F. B. Thompson or Peter B. Orthwein of Thor Industries, 513-596-6849/
 (THO)


CO: Thor Industries Inc. ST: Ohio IN: AUT SU: ERN

WB-MS -- NY070 -- 6152 06/07/93 15:23 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 7, 1993
Words:379
Previous Article:STATEMENT BY PAUL B. KAZARIAN
Next Article:SFG CORPORATION REPORTS RESULTS
Topics:


Related Articles
THOR REPORTS RECORD NET INCOME, SALES; 50 PERCENT DIVIDEND INCREASE
THOR REPORTS RECORD NET INCOME, SALES FOR QUARTER, YEAR
THOR REPORTS RECORD NET INCOME, SALES IN QUARTER, NINE MONTHS
THOR REPORTS RECORD NET INCOME AND SALES FOR QUARTER, YEAR; LARGE JUMP IN RETAIL SALES, WHOLESALE SHIPMENTS
THOR INDUSTRIES ANNOUNCES RECORD QUARTER AND NINE MONTHS RESULTS
THOR REPORTS SALES AND NET INCOME FOR QUARTER, YEAR
THOR INDUSTRIES ANNOUNCES RECORD THIRD QUARTER RESULTS
Thor Reports Improved Quarter, Six Months Results; Record Backlog
Thor Reports Best Sales, Earnings Quarter Ever; E.P.S. Up 46% in Quarter, 41% in 9 Months.
Thor Reports Highest Sales, Earnings Quarter Ever; E.P.S. Up 14% In Quarter, 25% In 9 Months.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters