Towable RV sales were $881.6 million for the second quarter, compared to the record second-quarter sales of $1.37 billion in the prior-year period.
Motorized RV sales were $371.5 million for the second quarter compared to the record second-quarter sales level of $559.9 million in the prior-year period.
It does make one wonder if Thor, who knew they had low results coming, had some incentive to reduce the cost of Hymer by eliminating EGNA from the deal
It does make one wonder if Thor, who knew they had low results coming, had some incentive to reduce the cost of Hymer by eliminating EGNA from the deal
Good point, and that's a massive drop in same period sales year to year, never mind pre-acquisition costs.
The reduction was in Sales which is not effected by acquisition expenses.
Correct, but the acquisition costs show up as expenditures and/or debt, so could totally affect cash flow and interest costs. Reducing the cost of the acquisition would be good is times are getting lean at Thor.
With the baby -boomers and other factors driving the market ,I think I would have to agree with their CEO on the future.
But
On the other hand I would not rushing out to buy Thor stock (if it's traded) With things slowing globally and our own (USA) problems things could be rocky everywhere,
For Thor"s sake I hope they do well.
Happy with my 2008 RT210
I think those numbers are represented across the RV manufacturing World not just Thor. I've read that most sales are down across the board except class B and truck camper sales.
If a recession hits us there will be a lot of B's available on the market based on the past few year's sales. Could/will be a great time to be a buyer.
Thing not looking so great for Thor either
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