Thor Industries reported an uptick in earnings for the first quarter ended Oct. 31.
Sales from continuing operations for the first quarter of fiscal 2016 were just over $1 billion, up 12 percent from the first quarter last year, as sales of towable and motorized RVs posted combined growth of 8 percent, including revenue from acquisitions, which was supplemented by revenues from the acquisition of Postle Aluminum.
Net income from continuing operations for the first quarter was $50.7 million, up 29 percent, from $39.2 million in the prior-year first quarter.
Towable RV sales were $744.7 million for the first quarter, up 6 percent from $699.8 million in the prior-year period, driven in part by the inclusion of revenues from Cruiser and DRV Luxury Suites which were acquired effective January this year.
Towable RV income before tax was $63.2 million, up 28 percent from $49.3 million in the first quarter last year.
Motorized RV sales were $251.1 million for the first quarter, up 13 percent from $222.2 million in the prior-year first quarter. Motorized RV income before tax was $21.7 million, up 43% from $15.1 million last year.