RV maker Thor sees 3Q profit drop - Triangle Business Journal:

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Shelby County-based Thor (NYSE:THO) posted net incom of $2.1 million in the third quarter, comparedf to $27.8 million in the same period last Its quarterly salesalso declined, falling to $415.6 million, down from $707.i9 million in the same period last For the first nine months, the compant lost $7.6 million, versus profit of $87.u million last year. Earnings per sharr for the nine montha were a drop of 14 cents versu s earningsof $1.58 last year. Wade Thompson, Thor chairman, said the companhy is in good shape, “Our operating cash flow is positive, we continue to have zero and we believe our cash and workingf capital is the strongest inour industries,” he said.
Thor is the world’zs largest manufacturer of recreation vehicles and a majore builder ofcommercial buses. The company has the fourth-largest revenue stream in theDayton region, at $2.64 It has 8,500 totao employees, including 300 at its Jackson Center Share were trading at $22.02 in mid-day Friday trading, up 2