First Quarter Fiscal 2021 Financial Results
North American Motorized Segment
First Quarter of Fiscal 2021
($ millions)
$493.9
$415.9
1QFY20
1QFY21
Net Sales
Fiscal 2021 first quarter net sales of North
American Motorized RVs increased 18.7%
compared to the prior-year period due to
higher unit sales in our Class B and Class C
motorhomes
Gross Profit Margin
Gross profit margin increased 300 basis points
in the fiscal first quarter, driven by reduced
sales discounts, which effectively lowered
material costs as a percentage of sales, as
well as favorable warranty experience trends,
partially offset by an increase in labor costs
($ millions)
10.8%
13.8%
1QFY20
1QFY21
THO
LISTED
NYSE
$670.0
$2,215.1
10/31/19
10/31/20
$2.2 billion in Backlog
North American Motorized backlog at
October 31, 2020 increased approximately
$1.55 billion, or over 230%, compared to
October 31, 2019
#'
THOR
Go Everywhere. Stay Anywhere.
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