Thor Touts Record, Grows Out West

Posted: Updated:
The company's portfolio of brands includes: Airstream, Bison Coach, CrossRoads RV, Cruiser RV, DRV, Dutchmen Manufacturing Inc., Heartland RV, Keystone RV Co., KZ RV, Livin Lite and Thor Motor Coach (pictured). The company's portfolio of brands includes: Airstream, Bison Coach, CrossRoads RV, Cruiser RV, DRV, Dutchmen Manufacturing Inc., Heartland RV, Keystone RV Co., KZ RV, Livin Lite and Thor Motor Coach (pictured).

Elkhart-based Thor Industries Inc. (NYSE: THO) has announced record fourth quarter net income of $69 million, compared to $66.8 million during the same quarter a year earlier. The recreational vehicle manufacturer also detailed a westward expansion with plans for a new $12 million facility in Idaho.

Heartland is one of several subsidiaries of the industry giant. The nearly 250,000 square-foot operation will serves West Coast markets and is expected to employ 120 workers when it fires up production early next year.

The company's full fiscal year results also reflected growth. It reported net income of nearly $200 million, and increase from $179 million during fiscal 2014.

Thor President and Chief Executive Officer Bob Martin says "fiscal 2015 marks the first year Thor has exceeded $4 billion in annual sales, an accomplishment in which we all take great pride. Our entire team has worked relentlessly to achieve record results on both the top and bottom lines. Over the coming year, we see many opportunities for growing our markets and Thor, particularly with the ongoing strength of retail RV sales. With the continued entry of baby boomers into the prime RV buying years, along with increasing levels of outreach and effort to engage younger, more diverse consumers, we are optimistic about the years ahead."

The company has been active in other areas in recent months, announcing discontinuation of its bus business and the May acquisition of Postle Aluminum Co.

  • Perspectives

    • (photo courtesy of Conexus)

      Getting the Word Out About Manufacturing & Logistics

      As the epicenter of the nation’s advanced manufacturing and logistics industries, Indiana has a compelling story to tell about how Hoosier companies make and move the goods people depend on every day. Our goal is to ensure everyone hears these stories – many of which share a common theme focused on cutting-edge technologies that are transforming the way products are made and moved around the world and the people who use them. Conexus Indiana launched an...



  • Most Popular Stories

    • (photo courtesy of The Times of Northwest Indiana)

      Historic Hospital to be Torn Down in Gary

      A building that once represented the racial divide in the city of Gary, but long provided health care to the African American community, will soon fall to a wrecking ball. The city says it intends to raze the long-abandoned St. John’s Hospital. 

    • Parkview Heart Institute is part of the Parkview Health System

      Most Wired Hospitals in Indiana Ranked

      A national association of healthcare information executives has once again honored Fort Wayne-based Parkview Health for its commitment to using advanced technologies in their clinical and business operations. The College of Healthcare Information Management Executives says Parkview is ranked in the 97th percentile of organizations surveyed for the program, earning a “Most Wired” distinction. 

    • (photo courtesy of The Times of Northwest Indiana)

      Valpo Approves Plan to Level Mansion, Build New Homes

      The property where an aged, Victorian-era, mansion in Valparaiso currently stands will become the site of 15 new homes, described as “upscale.” The Valparaiso Board of Zoning Appeals approved the variances needed for Downtown Valparaiso Partners LLC to proceed with the project, according to our partners at The Times of Northwest Indiana. 

    • Eleven Fifty was previously headquartered at Launch Fishers.

      Eleven Fifty to Cut Ribbon on New Location

      Eleven Fifty Academy will cut the ribbon on its new downtown location September 23. The nonprofit coding academy says it will host a grand opening ceremony November 6. 

    • The Honda Greensburg plant opened in 2008.

      Honda to Invest $4M, Add Jobs at Greensburg Plant

      The American Honda Motor Co. continues to invest in its Greensburg, Indiana plant as it has announced the factory will be producing the company’s first electrified sport utility vehicle in the U.S. The company says it will invest more than $4 million and add 34 new jobs in the plant to support production of the CR-V Hybrid.