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Thor reports a full-year profit rise

(Ben Quiggle/Elkhart Truth)

Elkhart-based Thor Industries is reporting a full-year profit rise.

Thor reports fiscal full-year net income of $221 million, compared to $132 million in the previous year.

CFO Colleen Zuhl told Inside Indiana Business the RV manufacturer’s flexibility during uncertain times deserve the credit for those results.

Thor also reports fiscal 4th quarter net income of $119 million, with significant monthly increases over each month of the quarter.

Thor adds that the current demand for RVs and the need to replenish dealer inventories at all-time lows are positioning the company for continued success well into next year.

 

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