Thor Industries Q4 sales $2.32 billion
Topics: THOR INDUSTRIES
Fourth quarter net sales were $2.32 billion, compared to $2.31 billion in the fourth quarter of fiscal 2019.
This year's fourth quarter net sales figure includes $1.18 billion from the North American Towable RV segment, $366.5 million from the North American Motorized RV segment, and $739.9 million from the European RV segment.
Consolidated gross profit margin was 14.9% for the fourth quarter of fiscal 2020, compared to 14.4% in the corresponding period a year ago.
The improved gross profit margin is primarily due to decreased warranty costs as a percent of sales in addition to overhead savings from management-led cost reduction measures in response to coronavirus, partially offset by an increase in the material cost percentage primarily due to product mix.
Net income attributable to Thor and diluted earnings per share for the fourth quarter of fiscal 2020 were $119.2 million. ■