First Quarter Fiscal 2021 Financial Results
ZINGER
20
North American Towable Segment
First Quarter of Fiscal 2021
Net Sales
Net sales of North American Towable RVs
increased 15.9% in the first quarter of
fiscal 2021 compared to the prior-year
period due to stronger demand for travel
trailer and fifth wheel units
($ millions)
$1,392.0
$1,200.9
1QFY20
1QFY21
THO
LISTED
NYSE
ZINCAR
15.8%
15.3%
1QFY20
1QFY21
Gross Profit Margin
Gross profit margin increased 50 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
$4.4 billion in Backlog
North American Towable backlog at
October 31, 2020 increased approximately
312% compared to October 31, 2019
As of October 31, 2020, dealer inventory
levels were well below optimal stocking
levels, which has increased dealer orders
and the backlog
($ millions)
$1,067.0
$4,397.7
10/31/19
10/31/20
THOR
Go Everywhere. Stay Anywhere.
5View entire presentation