Thor Industries Bid Higher on Q4 Earnings Results

Shares of Thor Industries

are bid higher in the after-hours following the release of the company's Q4 earnings results. Currently, shares are bid $20.51, at $21.47; they ended the regular session lower by 4.78%, at $20.31. Thor Industries reported Q4 EPS of $0.66 on revenues of $770.54 million. Revenues increased 16% year over year. "Thor delivered solid results in both the fourth quarter and its fiscal year amidst challenging market conditions in both the RV and Bus businesses," said Peter B. Orthwein, Thor Chairman. "We look to RV retail sales to pull through wholesale shipments in the year ahead, and to improving conditions in the 2012 public transportation market to fuel better bus sales ahead for Thor…Dealer response to our new RV product lines is very positive. Likewise, Thor's new low-floor cutaway bus products received favorable reviews at the recent BusCon convention in Chicago. I believe that Thor is well positioned to perform in both of our businesses this fiscal year," Mr. Orthwein added. Thor Industries, Inc. manufactures and sells a range of recreation vehicles and small and mid-size buses in the United States and Canada.