Thor Industries Inc. (THO:US) gained the most in three months after the maker of Airstream recreational vehicles and Champion buses said sales surged 30 percent to a fiscal first-quarter record.
The shares (THO:US) climbed 12 percent to $44.96 at 11:02 a.m. in New York after advancing as much as 14 percent, the most intraday since Aug. 3. The Jackson Center, Ohio-based company’s stock had risen 46 percent this year through yesterday.
Sales for the quarter ended Oct. 31 rose to $876.8 million, Thor said today in releasing preliminary results. The average of analysts’ estimates compiled by Bloomberg was $745.5 million. Thor said in a statement that its order backlog at the end of October was $720.4 million, up 41 percent from a year earlier.
Sales of recreational vehicles are monitored as a sign of an improving economy because motor homes and travel trailers are discretionary purchases that consumers defer during a slump.
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