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Tag: Thor Industries

ELKHART — Two of the largest companies in the recreational vehicle industry have combined into one, following an announcement by Thor Industries that it has purchased Jayco Corp. for about $576 million.

By Andy Ober Assistant Managing Editor, Inside Indiana Business ELKHART — Elkhart-based Thor Industries Inc. is reporting fiscal first quarter net income of $50.5 million, compared to $38.9 million during the same period the previous year. The recreational vehicle maker says its 12 percent revenue increase was fueled in part by recent acquisitions. The company is …read more.

Thor Industries, Inc., Elkhart, announced record sales and net income from continuing operations for the third quarter ended April 30, 2015, compared with very strong results from the third quarter of fiscal 2014. Third-Quarter Highlights: Sales from continuing operations for the third quarter of fiscal 2015 were $1.17 billion, up 12 percent from $1.05 billion …read more.

Thor Industries acquires Indiana-based Postle Aluminum Co. for $144 million.

Thor Industries, Inc. (NYSE: THO) recently announced improved sales and net income from continuing operations for the second quarter ended January 31, 2015, compared with the weaker results reported a year ago, which were adversely affected by the harsh winter conditions in early 2014. Sales from continuing operations for the second quarter of fiscal 2015 …read more.

Thor Industries, Inc. (NYSE: THO) today announced the acquisition of towable recreational vehicle manufacturer Cruiser RV (CRV) and luxury fifth wheel recreational vehicle manufacturer DRV by its Heartland Recreational Vehicles, LLC subsidiary, in a series of integrated transactions which included the purchase of equity interests, as well as the purchase of certain real estate used …read more.

Thor Industries, Inc. (NYSE:THO) today announced improved sales and net income from continuing operations for the first quarter ended Oct. 31. First Quarter Highlights: Sales from continuing operations for the first quarter of fiscal 2015 were $922 million, up 15 percent from $800 million in the first quarter last year, as sales of both towable …read more.

Forest River Inc., a Berkshire Hathaway Company, and Thor Industries, Inc. (NYSE: THO) today announced the establishment of a Community Foundation to be funded jointly and to benefit employees and their families during times of need. The Forest River/Thor Community Foundation will be jointly funded by the two companies and will provide grants of up …read more.

ELKHART – Thor Industries, Inc. (NYSE: THO) today announced a significant expansion of production and office capacity at the Company’s Airstream subsidiary in Jackson Center, Ohio. The project will add approximately 94,000 square-feet to Airstream’s existing 134,000 square-foot travel trailer plant. “With the recent strong growth in our markets, momentum and optimism among our dealers …read more.

Thor Industries, Inc. (NYSE: THO) today announced record financial results for the fourth quarter and fiscal year ended July 31, 2014. Fourth Quarter Highlights: Sales from continuing operations for the fourth quarter of fiscal 2014 were a record $1.04 billion, up 14 percent from $914.0 million in the fourth quarter last year, as sales of …read more.

Thor Industries, Inc. (NYSE:THO) today announced that its Keystone subsidiary has begun construction on a new plant for travel trailer production adjacent to its existing complex in Goshen, Indiana. “As a leader in the towable RV industry, we see continued growth opportunities in our core markets,” commented Matt Zimmerman, Keystone President. “Our investment in this …read more.

Thor Industries, Inc. (NYSE: THO) today announced several projects to expand production and office space at its Heartland subsidiary in Elkhart. The projects include the purchase and renovation of an existing office building, expansion of a plant dedicated to production of lightweight travel trailers, expansion of a production facility to produce Toy Haulers, the renovation …read more.

Thor Industries Inc. (NYSE: THO) of Elkhart today announced the appointment of specialty vehicle industry veteran Wilson R. Jones to serve on its Board of Directors as a Class A Director, effective Aug. 1. The addition brings the total size of Thor’s Board to nine members. “We are pleased to welcome Wilson Jones to our …read more.

Thor Industries Inc. (NYSE:THO) today announced financial results for the third quarter and nine months ended April 30. Highlights of the Company’s financial results follow: Sales from continuing operations for the third quarter of fiscal 2014 were $1.05 billion, up 13 percent from $929.8 million in the third quarter last year, as sales of towable …read more.

Thor Industries Inc. (NYSE: THO) today announced expansion plans for its Bison Coach subsidiary with the acquisition of a 55,000 square-foot production facility located on approximately 9 acres in Milford. In addition to the facility, the company also agreed to purchase approximately 20 acres of additional land that can be used for future expansion as …read more.

Thor Industries, Inc. (NYSE: THO) today announced that, through a wholly-owned subsidiary, it has acquired the net assets of specialty trailer manufacturer Bison Coach from an operating unit of Navistar, Inc. The purchase price, which will be paid in cash, is approximately $16.7 million, subject to post-closing adjustments. “We are pleased to welcome Bison Coach …read more.

Thor Industries, Inc. (NYSE:THO) today announced the completion of the previously announced sale of its bus business to Allied Specialty Vehicles, Inc. and the receipt of $100 million in cash proceeds from the transaction. The cash proceeds will be adjusted to reflect changes in net assets of the bus business since April 30, based on …read more.

Thor Industries Inc. (NYSE:THO) today announced that Crossroads RV, a wholly-owned subsidiary, named Andy Cripe as president effective Monday, Aug. 26. “We are pleased to have Andy take a strong leadership role at Crossroads RV,” said Bob Martin, Thor president and chief executive officer. “Andy has a strong track record of performance at Keystone RV …read more.

Thor Industries, Inc. (NYSE:THO) today announced that it acquired the assets of innovative recreational vehicle maker Livin’ Lite through a wholly-owned subsidiary. The purchase is subject to customary closing conditions and is expected to be completed by August 30, 2013. “We are pleased to welcome Livin’ Lite to the Thor family of RV brands. Adding …read more.

Heartland Recreational Vehicles LLC in Elkhart has acquired a Nappanee-based trailer manufacturer. Both are subsidiaries of Elkhart-based Thor Industries (NYSE: THO). Heartland Recreational Vehicles LLC today announced the acquisition of the assets of Breckenridge, a market leader in the park model business. The acquisition is designed to maximize sales and increase market share in the …read more.

Thor Industries Inc. today announced expansion plans to support the ongoing growth of its businesses. Thor Wakarusa LLC, a wholly owned subsidiary of Thor Industries, purchased the recreational vehicle (RV) production campus in Wakarusa that was formerly operated by Navistar International Corporation. The land and production facilities, including certain related equipment, are to be purchased …read more.

An ambulance manufacturer in Elkhart has announced it will end operations and let go of more than 160 workers. SJC Industries Corp. says the move will not affect its Goshen Coach Inc. facility. SJC Industries was purchased by Florida-based Allied Specialty Vehicles Inc. from Thor Industries Inc. in Elkhart last week. The company expects the separations …read more.

Thor Industries Inc. today announced the sale of substantially all of the assets of SJC Industries Corp., a subsidiary that manufactures ambulances, to Wheeled Coach Industries Inc., a subsidiary of Allied Specialty Vehicles Inc., a privately held company based in Orlando, Fla. Bob Martin, Thor President and Chief Operating Officer, commented, “The sale provides the …read more.

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