THO - Thor EPS beats by $0.96 beats on revenue

Thor (THO): FQ3 GAAP EPS of $3.29 beats by $0.96.Revenue of $3.46B (+106.0% Y/Y) beats by $450M.CEO comment: "Demand for our products continues to grow at both the retail and wholesale levels. While our pace of production and shipments has accelerated, demand is so high that independent dealer inventories of THOR Industries products continue to decline while dealer sales are increasing. This increasing consumer demand has driven our order backlog to more than $14 billion at the end of the quarter and includes units that will be needed to restock depleted dealer inventories. Since a significant number of units in our backlog have already been retail sold, we currently believe the restocking cycle will extend well into calendar 2022."Shares +3.7% PM.Press Release

For further details see:

Thor EPS beats by $0.96, beats on revenue