Thor Says Sales Up In RV Industry Turnaround

World's largest maker of recreational vehicles said its revenue climbed 51 percent in its most recent quarter to $664 million as the industry began a turnaround.

JACKSON CENTER, Ohio (AP) -- Thor Industries Inc., the world's largest maker of recreational vehicles, said Wednesday that its revenue climbed 51 percent in its most recent quarter to $664 million as the industry began a turnaround.

Thor said its preliminary revenue figure for the fiscal year that ended July 31 -- $2.28 billion -- is 50 percent higher than for the previous year.

Thor's RV sales rose 66 percent, and its sales of buses and other commercial vehicles gained 5 percent.

Analysts surveyed by Thomson Reuters on average expect Thor to report quarterly net income of 58 cents per share on revenue of $617.30 million and full-year net income of $1.87 per share on $2.23 billion in revenue.

Thor shares added 36 cents to $37.89 in late morning trading.

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