ELKHART – Thor Industries is reporting a fiscal second-quarter net income of $267 million, compared to $133 million during the same period a year ago.
Chief Executive Officer Bob Martin said the company’s performance was extremely strong, despite supply chain challenges.
“In addition to our second-quarter record top line, we reported consolidated gross profit margin of 17.4%,” said Martin. “Our increased margins were driven by the increase in net sales, improved quality and operating efficiencies, a reduction in sales discounts compared to the prior-year period and certain selling price increases put in place since the prior-year period to offset known and anticipated material cost increases. We continue to outperform the market and continue to hold a positive outlook.”
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