0001193125-11-208061.txt : 20110803 0001193125-11-208061.hdr.sgml : 20110803 20110803152937 ACCESSION NUMBER: 0001193125-11-208061 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110802 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110803 DATE AS OF CHANGE: 20110803 FILER: COMPANY DATA: COMPANY CONFORMED NAME: THOR INDUSTRIES INC CENTRAL INDEX KEY: 0000730263 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR HOMES [3716] IRS NUMBER: 930768752 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09235 FILM NUMBER: 111006848 BUSINESS ADDRESS: STREET 1: 419 W PIKE ST CITY: JACKSON CENTER STATE: OH ZIP: 45334 BUSINESS PHONE: 9375966849 MAIL ADDRESS: STREET 1: 419 W PIKE STREET CITY: JACKSON CENTER STATE: OH ZIP: 45334 8-K 1 d8k.htm 8-K 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): August 2, 2011

 

 

Thor Industries, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   1-9235   93-0768752

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

419 West Pike Street,

Jackson Center, Ohio

  45334-0629
(Address of Principal Executive Offices)   (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:

 

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

 

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

 

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

 

¨ 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 August 2, 2011, Thor Industries, Inc. (the “Company”) issued a press release announcing certain financial results for the quarter and twelve months ended July 31, 2011. 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 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 August 2, 2011, issued by the Company


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: August 3, 2011     By:  

/s/ Christian G. Farman

    Name:   Christian G. Farman
    Title:   Senior Vice President, Treasurer and Chief Financial Officer

 


EXHIBIT INDEX

 

Exhibit
Number

  

Description

99.1    Copy of press release, dated August 2, 2011, issued by the Company
EX-99.1 2 dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

LOGO

419 WEST PIKE STREET • P.O. BOX 629 • JACKSON CENTER, OHIO 45334-0629

PHONE 937-596-6849 • FAX 937-596-6539

NEWS RELEASE

 

Date:    August 2, 2011
Contact:    Peter B. Orthwein or Richard E. Riegel III

THOR ANNOUNCES PRELIMINARY SALES FOR QUARTER, FISCAL YEAR;

BACKLOG, CASH AND INVESTMENTS

Thor Industries, Inc. (NYSE:THO) announced today preliminary sales and backlog for the quarter and twelve months ended July 31, 2011.

Sales in the quarter were $769 million, up 16% from $664 million last year. RV sales were $653 million, up 16% from $564 million last year. Bus Group sales, which include buses and ambulances, were $116 million, up 16% from $100 million last year.

Sales in the fiscal year were $2.754 billion, up 21% from $2.277 billion last year. RV sales were $2.339 billion, up 27% from $1.849 billion last year. Both RV and consolidated sales in the quarter and fiscal year include Heartland RV, acquired September 16, 2010. Bus Group sales in the fiscal year were $415 million, compared with $428 million last year.

Cash, cash equivalents and investments on July 31, 2011 were $216 million versus $253 million last year. Backlog on July 31, 2011 was $432 million, compared to $489 million last year. RV backlog was $228 million, versus $261 million last year. Bus Group backlog was $204 million versus $228 million last year.

“Thor’s revenues in the fourth quarter were lower than expectations resulting from the slowing of the economy and weak consumer spending, along with continued challenging conditions in the bus market. This led to pressure on margins in the quarter compared to the fourth quarter of fiscal 2010,” said Peter B. Orthwein, Thor Chairman, CEO & President. “The RV market is flat right now, due to lower consumer confidence levels. RV dealer inventories remain balanced with consumer demand, but dealers are currently cautious with their orders as we enter the slower fall retail season,” he added.

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 review by the independent consultant required under our recent settlement with the Securities and Exchange Commission, fuel prices, fuel availability, lower consumer confidence and the level of discretionary consumer spending, interest rate increases, restrictive lending practices, increased material and component costs, recent management changes, 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 our Annual Report on Form 10-K for the year ended July 31, 2010 and Part II, Item 1A of our Quarterly Report on Form 10-Q for the period ended April 30, 2011. We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward looking statements contained in this release or to reflect any change in our expectations after the date of this release or any change in events, conditions or circumstances on which any statement is based except as required by law.

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