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Thor Announces Prelim Results for Q1'2008 |
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Jackson Center, OH -
November 5, 2007 - Thor Industries, Inc. (NYSE:THO) announced
today preliminary sales for the three months ended October 31, 2007
of $762.8 million, up 5% from $727.7 million last year.
RV sales were
$663.5 million, up 4% from $635.9 million last year and Bus sales
were $99.3 million, up 8% from $91.8 million last year.
Backlog on October 31,
2007 was a record for this time of year at $476.0 million, up 17%
from $406.3 million last year. RV backlog was $249.7 million, up 33%
from $188.4 million last year. Bus backlog was $226.3 million, up 4%
from $217.9 million last year.
Cash, cash equivalents
and short term investments on October 31, 2007 were approximately
$263 million, up from $207 million last year and after the special
dividend of $2.00 per share ($112 million) paid on October 8, 2007.
“Strong order backlog
bodes well for positive results in fiscal 2008,” said Wade F. B.
Thompson, Thor Chairman.
This release includes
certain statements that are “forward looking” statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934 as amended.
These forward looking statements involve uncertainties and risks.
There can be no assurance that actual results will not differ from
our expectations. Factors which could cause materially different
results include, among others, additional issues that may arise in
connection with the findings of the completed investigation of the
Audit Committee of the Board of Directors of Thor Industries, Inc.
(the “Company”) and the SEC’s requests for additional information,
fuel prices, fuel availability, interest rate increases, increased
material costs, the success of new product introductions, the pace
of acquisitions, cost structure improvements, competition and
general economic conditions and the other risks and uncertainties
discussed more fully in Item 1A of the Company’s Annual Report on
Form 10-K for the year ended July 31, 2007. The Company disclaims
any obligation or undertaking to disseminate any updates or
revisions to any change in expectation of the Company after the date
hereof or any change in events, conditions or circumstances on which
any statement is based except as required by law.
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| Contact: Wade F. B. Thompson or Peter B. Orthwein |
419 WEST PIKE STREET • P.O. BOX 629 •
JACKSON CENTER, OHIO 45334-0629
PHONE 937-596-6849 • FAX 937-596-6539 |
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