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08-04-2008, 07:27 AM
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#1
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Montana Master
Join Date: Feb 2007
Location: Winfield
Posts: 7,327
M.O.C. #6846
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Thor announces quarterly results - Oh My!!
Now if this isn't an eye opener on the economy! Check out RV backlog, wonder what Montana division is??
Thor Industries announces preliminary Q4 sales of $564 mln, down 25% from a year ago, vs. $665.97 mln consensus (THO) 19.30 -0.65 : Backlog on July 31, 2008 was $406 million, down 31% from $590 million last year. RV backlog was $146 million, down 60% from $361 million last year. Bus backlog was $261 million, up 14% from $229 million last year.
Bingo
__________________
Bingo and Cathy - Our adventures begin in the hills of WV. We are blessed by our 2014 3850FL Big Sky (previous 2011 3750FL and 2007 3400RL) that we pull with a 2007 Chevy Silverado Classic DRW CC dually.
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08-04-2008, 09:29 AM
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#2
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Montana Master
Join Date: Oct 2007
Location: silver creek
Posts: 1,507
M.O.C. #7770
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You did notice the bus segment was up for the quarter.
as always, the top end sales never seem to hurt,it's the little guy that hurts. I wonder if they realize, that its's the little guy that supports these operations,without us, there would be no company.
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08-04-2008, 09:49 AM
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#3
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Montana Master
Join Date: Oct 2006
Location: _
Posts: 5,238
M.O.C. #6337
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OKKK, here is one of those silly questions??
Those buses, are they commerical or school buses, or RV buses??
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08-04-2008, 10:11 AM
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#4
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Montana Master
Join Date: Feb 2007
Location: Winfield
Posts: 7,327
M.O.C. #6846
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I would think that they are school buses, seems like I remember the Thor name on school buses, maybe Rich knows a little more, after all it has only been about 32 years since I have been on one!!!
Bingo
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08-04-2008, 10:47 AM
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#5
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Montana Master
Join Date: Jan 2005
Location: North Ridgeville
Posts: 20,229
M.O.C. #2839
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I would guess bus sales are up because folks are driving less and riding the bus more so there is a need for more busses. Thor makes "commercial busses"I am fairly certain that Thor does not manufacture School busses. Blue bird, And Thomas are the big school bus providers. The chassis's can come from most any manufacturer and well as the motors. Remember the little guy is the guy who is hurting the most. He is not out rv'ing or buying them ..He is in a struggle to survive day to day. There seems to be a lot of folks who do not understand that or are in denial.
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08-04-2008, 02:34 PM
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#6
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Montana Master
Join Date: Oct 2007
Location: silver creek
Posts: 1,507
M.O.C. #7770
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Rich, I hope you understood,that was my point also. It seems the high end market almost never suffers. my guess the RV bus segment is doing well,while everyone else pays the price.
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08-05-2008, 02:55 AM
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#7
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Montana Master
Join Date: Jan 2005
Location: North Ridgeville
Posts: 20,229
M.O.C. #2839
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You are correct..the ordinary guy always hurts the most. I know that not many school busses are being sold because the high cost of fuel is causing schools to cut back or consolidate routes.Local cities are however running short of busses because of the increase in ridership. I hope the major players in the RV industry can hold out but I fear many more will go under.
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08-05-2008, 04:02 AM
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#8
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Montana Master
Join Date: Sep 2007
Location: Texas City
Posts: 5,736
M.O.C. #7673
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I have a bus. Every once in a while I see it going down the road with my name on the side, WAYNE.
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