thor industries inc (THO:New York)
thor industries inc (THO) Key Developments
Thor Industries Inc. announced consolidated preliminary sales for the third quarter and nine months ended April 30, 2013. Preliminary consolidated sales in the third quarter were a record $1.05 billion, up 13.3% from $926.5 million in the third quarter last year. RV sales were $929.3 million, up 15.1% from $807.2 million in last year's third quarter. Towable RV sales for the third quarter were $742.1 million, up 9.1% from $680.5 million in the third quarter of fiscal 2012. Motorized RV sales in the third quarter increased 47.8% to $187.2 million from $126.7 million in the same quarter a year ago. Bus sales were flat at $119.2 million compared to $119.3 million in the third quarter last year. For the nine months ended April 30, 2013, preliminary consolidated sales were $2.67 billion, up 21.4% from $2.20 billion last year. RV sales were $2.33 billion, up 24.6% from $1.87 billion last year. Towable RV sales for the nine months were $1.90 billion, up 17.3% from $1.62 billion last year. Motorized RV sales rose to $423.2 million, up 72.0% from $246.1 million last year. Bus sales were $338.4 million, up 3.6% from $326.6 million last year.
Thor Industries Inc. announced that it has completed the planned move of its corporate headquarters to Beardsley Avenue along the St. Joseph River in downtown Elkhart, Indiana. Thor was previously headquartered in Jackson Center, Ohio and announced the move in January as a strategic decision to be more accessible and active in the community. The new headquarters building was previously unoccupied and was renovated to include new design features providing a world-class atmosphere for the company. The new office will have the capacity to host a variety of meetings and events with dealers, suppliers, investors and the broader Elkhart community. Thor's corporate human resources, finance and accounting, legal and information technology departments are now housed at the new facility. The new address for Thor's corporate headquarters is: 601 East Beardsley Avenue, Elkhart, Indiana 46514-3305, Ph. 574-970-7460.
Thor Industries Inc. announced that its board of directors approved, at their March 22, 2013 meeting, the payment of a regular quarterly dividend of $0.18 per share. The regular dividend will be payable on April 19, 2013 to shareholders of record at the close of business on April 9, 2013.
Thor Industries Inc., Board Meeting, Mar 22, 2013. Agenda: To consider regular quarterly dividend.
Thor Industries Inc. Presents at Robert W. Baird Growth Stock Conference, May-08-2013 10:20 AM. Venue: Four Seasons Hotel, 120 East Delaware Place, Chicago, Illinois, United States. Speakers: Bob Martin, President and Chief Operating Officer, Dominic A. Romeo, Chief Financial Officer and Senior Vice President.
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Industry Analysis
THO
Industry Average
| Valuation | THO | Industry Range |
| Price/Earnings | 16.1x |
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| Price/Sales | 0.6x |
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| Price/Book | 2.7x |
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| Price/Cash Flow | 14.9x |
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| TEV/Sales | 0.6x |
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