RTTNews | Sep 28, 2020 06:52AM EDT

06:52 Monday, September 28, 2020 (RTTNews.com) - Thor Industries, Inc. (THO) reported Monday net income for the second quarter of $119.2 million or $2.14 per share, up from $92.1 million or $1.67 per share in the prior-year quarter.

Net sales for the quarter edged up to $2.32 from $2.31 billion in the same quarter last year. The sales included $1.18 billion in North American Towable RV sales, $366.5 million in North American Motorized RV sales and $739.9 million in European RV net sales.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.34 per share on net sales of $2.29 billion for the quarter. Analysts' estimates typically exclude special items.

"Looking ahead, we expect a year of continued growth in fiscal 2021, and we concur with RVIA's recent RoadSigns most likely forecast of an approximate 19.5% increase in calendar 2021 shipments over their most likely estimate for calendar 2020 shipments," said Bob Martin, President and CEO.

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