IndianaLocalNews

Elkhart’s Thor Industries sees profit boom since 2013 move

(Ben Quiggle/Elkhart Truth)

An RV maker that relocated to Elkhart County in 2013 is continuing to see some profit growth.

 

Elkhart-based Thor Industries Inc. is reporting a fiscal second quarter net income of $79.8 million, up from $64.8 million during the same period last year, according to Inside Indiana Business.

Chief Executive Officer Bob Martin says the company achieved its third-highest sales level of any quarter in its history, in what it calls a historically low-volume quarter.

During the fiscal second quarter, Thor also announced a 50/50 joint venture with New Zealand-based Tourism Holdings Ltd. The venture, for which Thor is making an initial $50 million investment, closed earlier this month.

Related posts

Construction alters traffic pattern at Memorial Hospital emergency entrance

95.3 MNC

South Shore Line offers free rides for educators

Alyssa Foster

Dowagiac police investigating fatal shooting following weekend party

Jon Zimney

Leave a Comment