THOR Industries Reports Record Net Sales Of $3.96 Billion And Earnings Per Share Of $4.34 For The First Quarter Of Fiscal 2022 And Reaffirms Positive Outlook

December 8, 2021

Consolidated 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 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 increase in consolidated net sales is primarily due to the continuing demand for RVs and our recent acquisitions. The addition of the Tiffin Group, acquired in December of 2020, accounted for $228.3 million of the increase in net sales for the first quarter of fiscal 2022, while the addition of Airxcel, acquired in September of 2021, accounted for $88.8 million of the increase in net sales for the first quarter of fiscal 2022, net of intercompany sales. PR Newswire