Thor Reports Prelim. Q3 Sales Of $1.05 Bln

(RTTNews) - Thor Industries, Inc. (THO) on Monday reported preliminary third quarter sales from continuing operations of $1.05 billion, up 13% from $929.8 million in the third quarter last year.

Towable RV sales for the third quarter were $801.5 million, up 8% from $742.5 million in the prior year quarter. Motorized RV sales in the third quarter increased 31% to $245.6 million from $187.3 million a year earlier.

The company's consolidated backlog at the end of the third quarter was $820.2 million, up 26% from $649.6 million at the end of the third quarter of last year.

The company said its operations in the third quarter continued to be adversely impacted by a variety of factors including the harsh winter weather during February and early March, which in turn affected certain costs during the quarter. In addition, the company continued to incur start-up costs associated with new production facilities and experience the effects of the ongoing tight labor market in northern Indiana. The RV industry is also facing logistical challenges in making timely deliveries to dealers given the shortage of drivers at transport companies that is more acute than prior years.

Thor expects to report its third-quarter operating results on June 5.