(RTTNews) - Thor Industries, Inc. (THO), manufacturer of recreational vehicles, reported Wednesday that net income attributable to the company for the first quarter more than doubled to $242.24 million or $4.34 per share from $113.76 million or $2.05 per share in the prior-year quarter.
Net sales for the quarter also surged 56.0 percent to $3.96 billion from $2.4 billion in the same quarter last year. The sales include $2.24 billion for the North American Towable RV segment, $925.0 million for the North American Motorized RV segment and $633.0 million for the European RV segment.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $3.24 per share on net sales of $3.46 billion for the quarter. Analysts' estimates typically exclude special items.
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