Thor Industries(US:THO)2020-03-10 17:18Financial Performance - Net sales increased by 55.2% to $2.0 billion in the second quarter of fiscal year 2020, which includes $74.5 million increase in North American RV sales and $637.1 million from EHG sales[11] - Gross profit increased by 81.1% to $256.4 million in the second quarter of fiscal year 2020, compared to $141.6 million in the prior-year period[11, 12] - Gross profit margin improved to 12.8% in the second quarter of fiscal year 2020, up 180 basis points from 11.0% in the prior-year period[6, 15] - Diluted EPS was $0.52 in the second quarter of fiscal year 2020[6] North American RV Market - North American independent dealer inventory of Thor products decreased by 16.5% to approximately 115,200 units as of January 31, 2020, compared to the prior year[17] - North American RV backlog increased by 19.3% compared to the prior year[8, 17] - North American Towable RV net sales increased by 11.6% to $983.9 million[7, 19, 20] - North American Motorized RV net sales decreased by 7.5% to $343.7 million[7, 26, 27] - Thor's share of the North American towable RV retail market was 45.1% for calendar year 2019[24, 46] - Thor's share of the North American motorized RV retail market was 37.1% for calendar year 2019[31, 46] European RV Market (EHG) - European RV segment net sales were $637.1 million[7, 11, 33] - EHG's backlog is $1.14 billion[35] - EHG's European RV retail market share for calendar year 2019 was approximately 25.8% for motorcaravans and campervans combined and approximately 20.5% for caravans[35]