Thor Industries (THO) Posts Q1 GAAP EPS of 73c

Thor Industries (NYSE: THO) reported Q1 EPS of $0.73, versus the analyst estimate of $0.81. Revenue for the quarter came in at $921.99 million versus the consensus estimate of $903.9 million.

Segment Highlights:

• Towable RV sales were $699.8 million for the first quarter, up 12% from $622.9 million in the prior year period. Towable RV income before tax was $49.3 million, up 8% from $45.6 million in the first quarter last year.
• Motorized RV sales were $222.2 million for the first quarter, up 25% from $177.1 million in the prior year first quarter. Motorized RV income before tax was $15.1 million, up 12% from $13.4 million last year.
• Consolidated backlog on October 31, 2014 was $909.7 million, up 24% from $733.2 million at October 31, 2013. Towable RV backlog increased 56% to $653.5 million, compared to $419.8 million at the end of the first quarter of fiscal 2014. Motorized RV backlog decreased 18% to $256.2 million from $313.4 million a year earlier, reflecting the impact of expanded production capacity on the Company's ability to meet higher demand levels more quickly.
• Thor's total cash balances increased to $313.6 million, with no long-term debt.

For earnings history and earnings-related data on Thor Industries (THO) click here.

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