![]() ![]() The increase in consolidated net sales is primarily due to the continuing demand for RVs and our recent acquisitions. This year's first quarter net sales include $2.24 billion for the North American Towable RV segment compared to $1.39 billion in the first quarter of fiscal 2021, $925.0 million for the North American Motorized RV segment compared to $493.9 million in the first quarter of fiscal 2021, and $633.0 million for the European RV segment compared to $602.5 million in the first quarter of fiscal 2021. The Airxcel integration has gone exceedingly well, and we continue to see a great opportunity for growth through innovation, additional product offerings and the aftermarket business," added Martin.Ĭonsolidated net sales were $3.96 billion in the first quarter of fiscal 2022, compared to $2.54 billion in the first quarter of fiscal 2021. This acquisition is a key piece to our strategic positioning of the Company as we seek to strengthen our supply chain. Our acquisition of Airxcel in the first quarter is a manifestation of our bullish outlook for our industry and for THOR in particular. "The strategic course we have set gives us many reasons to remain confident and optimistic about our future performance as well. In the first quarter, our global order backlog increased to more than $18 billion, reaffirming our view that the dealer restocking process will still take a number of quarters to complete and could possibly extend into calendar 2023," said Martin. "Independent dealer sentiment remains positive and consumer demand for our RV products remains strong. Our first quarter performance, which marks a third consecutive quarter of record net sales and diluted earnings per share, is a testament to the experience, flexibility and agility of our operating teams and their drive to meet the needs of our customers in a difficult and dynamic business environment," said Bob Martin, President and CEO of THOR Industries. In the quarter, we delivered over 88,100 units, outpacing the RV industry's growth rate of shipments. Through outstanding operational execution, our teams continue to successfully navigate through these challenges at record levels. It seems the market focuses on the supply chain and labor challenges that our industry is facing right now more than it does our performance in the face of those challenges, but our performance has been consistent despite those challenges. "Building on our record-setting fiscal 2021, THOR delivered yet another quarter of strong financial results to begin our 2022 fiscal year. (NYSE: THO) today announced record results for its first fiscal quarter ended October 31, 2021. ELKHART, Ind., Dec. 8, 2021 /PRNewswire/ - THOR Industries, Inc.
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