Shares of Thor Industries Inc. jumped 4.2% in premarket trading Tuesday, recreational vehicle seller reported a record fiscal third-quarter profit beat and sales that more than doubled, amid “robust” consumer and dealer demand for RV products. Net income rose to $183.3 million, or $3.29 a share, from $24.1 million, or 43 cents a share, in the year-ago period. The FactSet consensus for earnings per share was $3.03. Sales grew 106% to a record $3.46 billion, beating the FactSet consensus of $3.03 billion. North American toward RV sales increased 124% to $1.73 billion, as the Tiffin Group acquisition boosted sales by $19.5 million; North American motorized RV sales rose 193.7% to $775.4 million, boosted $151.7 million by the Tiffin acquisition; and European RV sales grew 47.3% to $775.4 million. “We continue to see robust demand for our RVs and see no signs of demand slowing even as the economy recovers from the pandemic,” said Chief Executive Bob Martin. The stock has rallied 25.9% year to date through Monday, while the S&P 500 has gained 12.5%.
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