UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8K
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, 2012
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) |
Registrants 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, 2012, Thor Industries, Inc. (the Company) issued a press release announcing certain preliminary financial results for the quarter and twelve months ended July 31, 2012. A copy of the Companys 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, 2012, 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, 2012 | 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, 2012, issued by the Company |
Exhibit 99.1
419 WEST PIKE STREET P.O. BOX 629 JACKSON CENTER, OHIO 45334-0629
PHONE 937-596-6849 FAX 937-596-7937
NEWS RELEASE
Date: | August 2, 2012 | |
Contact: | Peter B. Orthwein or Richard E. Riegel III |
THOR ANNOUNCES RECORD PRELIMINARY SALES FOR FOURTH QUARTER, FISCAL YEAR;
BACKLOG; CASH AND INVESTMENTS
Thor Industries, Inc. (NYSE:THO) announced today preliminary sales, backlog and cash, cash equivalents and investments for the fourth quarter and twelve months ended July 31, 2012.
Preliminary consolidated sales in the fourth quarter were $887,208,000, up 15% from $770,538,000 in the fourth quarter last year and a record for any fourth quarter in the Companys history. RV sales were $769,563,000, up 18% from $653,971,000 in last years fourth quarter. Bus Group sales were $117,645,000, up 1% from $116,567,000 in the fourth quarter last year.
Preliminary consolidated sales in the fiscal year ended July 31, 2012 were a record $3,083,636,000, up 12% from $2,755,508,000 in fiscal 2011. RV sales were $2,639,413,000, up 13% from $2,340,442,000 in the prior year. Bus Group sales in the fiscal year were $444,223,000, up 7% from $415,066,000 in fiscal 2011.
Cash, cash equivalents and investments on July 31, 2012 were $220 million versus $217 million on July 31, 2011. Backlog on July 31, 2012 was $558 million, up 29% from $432 million last year. RV backlog was $336 million, up 47% from $228 million last fiscal year. Bus Group backlog was $222 million, up 9% from $204 million in fiscal 2011.
Thor achieved record annual revenue for the fiscal year ended July 31, 2012. Likewise, our fourth quarter revenue was very strong, setting a new record for any fourth quarter in Thors history. While promotional activity abated somewhat in recent months, the environment remains competitive and industry incentives remain high. Our higher year-end backlogs provide optimism for next fiscal year, which is tempered by lower consumer confidence levels and the uncertain economic and political landscapes, said Peter B. Orthwein, Thor Chairman & CEO. RV dealer inventories remain well aligned with consumer demand and, like last year, some dealers are waiting for Thors September Open House event in Indiana before increasing their order activity, 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, fuel prices, 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, 2011 and Part II, Item 1A of our Quarterly Report on Form 10-Q for the period ended April 30, 2012. 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.