8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):  October 1, 2007

Thor Industries, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware
(State or Other Jurisdiction
of Incorporation) 1-9235
(Commission File Number) 93-0768752
(IRS Employer Identification No.)

419 West Pike Street,
Jackson Center, Ohio
(Address of Principal Executive Offices) 45334-0629
(Zip Code)

Registrant’s telephone number, including area code:  (937) 596-6849

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02   Results of Operations and Financial Condition.

     On October 1, 2007, Thor Industries, Inc. (the “Company”) issued a press release announcing certain financial results and other information for the quarter and year ended July 31, 2007. A copy of the Company’s press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

     In accordance with general instruction B.2 to Form 8-K, the information set forth in Item 2.02 of this Form 8-K (including Exhibit 99.1) shall be deemed “furnished” and not “filed” with the Securities and Exchange Commission for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing thereunder or under the Securities Act of 1933, as amended.

Item 9.01	Financial Statements and Exhibits.
(d)	Exhibits
	Exhibit Number	Description
	99.1	Copy of press release, dated October 1, 2007, issued by the Company

1

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Thor Industries, Inc.
Date:  October 2, 2007	By:	/s/ Walter Bennett
		Name:	Walter Bennett
		Title:	Executive Vice President

2

EXHIBIT INDEX

Exhibit
Number	Description
99.1	Copy of press release, dated October 1, 2007, issued by the Company

3

EX-99.1

Exhibit 99.1

419 WEST PIKE STREET • P.O. BOX 629 • JACKSON CENTER, OHIO 45334-0629
PHONE 937-596-6849 • FAX 937-596-6539

N E W S     R E L E A S E

Date:	October 1, 2007
Contact:	Wade F. B. Thompson or Peter B. Orthwein

THOR REPORTS RECORD NET INCOME, E.P.S. IN QUARTER;
RESULTS IN EXCESS OF ANALYSTS’ CONSENSUS ESTIMATES;
SALES, NET INCOME, E.P.S. RESULTS FOR 12 MONTHS.

Thor Industries, Inc. (NYSE:THO) announced results for the fourth quarter and 12 months ended July 31, 2007. Net income and E.P.S. in the quarter were the highest ever and well in excess of analysts’ estimates.

Net income for the quarter was a record $50,313,000, up 16% from $43,458,000 last year. E.P.S. for the quarter were 90¢, up 17% from 77¢ last year. Sales for the quarter were $754,900,000, down 6% from $805,291,000 last year.

Net income for the 12 months was $134,731,000 compared to $163,405,000 last year. Basic E.P.S. for the 12 months were $2.42 versus $2.89 last year. Sales for the 12 months were $2,856,308,000, compared to $3,066,276,000 last year.

RV sales in the quarter were $645,429,000 versus $719,840,000 last year. Bus sales in the quarter were $109,471,000 up 28% from $85,451,000 last year. RV sales in the 12 months were $2,455,623,000 compared to $2,750,508,000 last year. Bus sales in the 12 months were a record $400,685,000 up 27% from $315,768,000 last year. RV income before tax was $63,353,000 in the quarter, down 2% from $64,549,000 last year and $190,399,000 in the 12 months, down from $255,996,000 last year. Bus income before tax in the quarter was $7,375,000 up 121% from $3,343,000 last year and $18,997,000 in the 12 months, up 103% from $9,356,000 last year. Corporate net costs were $3,065,000 in the quarter versus $1,869,000 last year and $12,536,000 in the 12 months versus $9,241,000 last year.

Cash, cash equivalents and short term investments on July 31, 2007, were a record $346.5 million, up from $264.4 million last year and we continue to have zero debt.

“Gross and net margins increased in the quarter due to improved manufacturing efficiencies, lower warranty costs, higher interest income, and a lower tax provision due to a favorable tax settlement,” said Wade F. B. Thompson, Thor Chairman.

On August 2, 2007, Thor’s Board of Directors approved a special dividend of $2 per share. This dividend, in addition to our regular quarterly dividend of 7¢ per share, will be paid on October 8, 2007 to stockholders of record on September 27, 2007.

“The special dividend affirms our commitment to provide all our shareholders with superior returns. Our cash will continue to build, providing us with sufficient resources to continue our internal and external growth plans,” said Thompson.

Thor is the world’s largest manufacturer of recreation vehicles and a major builder of commercial buses.

This release includes certain statements that are “forward looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended. These forward looking statements involve uncertainties and risks. There can be no assurance that actual results will not differ from our expectations. Factors which could cause materially different results include, among others, additional issues that may arise in connection with the findings of the completed investigation of the Audit Committee of the Board of Directors of Thor Industries, Inc. (“Thor” or the “Company”) and the SEC’s requests for additional information, fuel prices, fuel availability, interest rate increases, increased material costs, the success of new product introductions, the pace of acquisitions, cost structure improvements, competition and general economic conditions and the other risks and uncertainties discussed more fully in Item 1A of the Company’s Annual Report on Form 10-K/A for the year ended July 31, 2006. The Company disclaims any obligation or undertaking to disseminate any updates or revisions to any change in expectation of the Company after the date hereof or any change in events, conditions or circumstances on which any statement is based except as required by law.

THOR INDUSTRIES, INC.
STATEMENT OF INCOME FOR THE 3 AND 12 MONTHS ENDED JULY 31, 2007 and 2006
$000 except per share — unaudited

	3 MONTHS ENDED JULY 31										12 MONTHS ENDED JULY 31
	2007		%			2006		%			2007		%			2006		%
Net sales	$	754,900				$	805,291				$	2,856,308				$	3,066,276
Gross profit	$	109,978		14.6	%	$	112,002		13.9	%	$	363,295		12.7	%	$	431,458		14.1	%
Selling, general and administrative	$	45,664		6.0	%	$	48,748		6.1	%	$	177,697		6.2	%	$	183,926		6.0	%
Amortization of intangibles	$	265		—		$	237		—		$	935		—		$	949		—
Interest income (net)	$	3,394		.4	%	$	2,419		.3	%	$	10,602		.4	%	$	7,772		.3	%
Other income	$	220		—		$	587		.1	%	$	1,595		.1	%	$	1,756		.1	%
Income before taxes	$	67,663		9.0	%	$	66,023		8.2	%	$	196,860		6.9	%	$	256,111		8.4	%
Taxes	$	17,350		2.3	%	$	22,565		2.8	%	$	62,129		2.2	%	$	92,706		3.0	%
Net income	$	50,313		6.7	%	$	43,458		5.4	%	$	134,731		4.7	%	$	163,405		5.3	%
E.P.S. — basic	$	0.90				$	0.77				$	2.42				$	2.89
E.P.S. — diluted	$	0.90				$	0.77				$	2.41				$	2.87
Avg. common shares outstanding-basic		55,697,761					56,197,965					55,665,275					56,502,865
Avg. common shares outstanding-diluted		55,950,360					56,576,527					55,923,108					56,897,039

SUMMARY BALANCE SHEETS — JULY 31 ($000) (unaudited)

	2007		2006			2007		2006
Cash and equivalents	$	171,889	$	196,136	Current liabilities	$	277,199	$	291,965
Investments, short term		174,575		68,237	Other liabilities		15,767		12,911
Accounts receivable		177,395		193,743	Stockholders’ equity		766,331		699,849
Inventories		168,980		183,169
Deferred income tax and other		12,689		11,431
Total current assets		705,528		652,716
Fixed assets		157,242		157,465
Investments - joint ventures		2,671		2,737
Goodwill		165,663		165,663
Other assets		28,193		26,144
Total	$	1,059,297	$	1,004,725		$	1,059,297	$	1,004,725