Thor Q4 Profit Tops Estimate; Revenue Falls Shy

(RTTNews) - Thor Industries, Inc. (THO) reported net income for the fourth quarter of $66.6 million or $1.25 per share, compared to $58.2 million or $1.09 per share for the year-ago quarter.

Income from continuing operations for the fourth quarter was $66.8 million or $1.25 per share, up 21% from $55.2 million or $1.04 per share in the prior year quarter.

Sales for the fourth quarter rose 14% to a record $1.04 billion from $914.00 million a year ago, as sales of both towable and motorized RVs posted double-digit growth.

Analysts polled by Thomson Reuters expected the company to earn $1.23 per share on revenue of $1.06 billion for the fourth quarter.