Page 1

Exhibit 99.1 THOR Industries Revenues Up 105.7 % , Gross Profit Margin Improved By 240 Basis Points And Earnings Per Share Up 665.1 % For The Third Quarter O Fiscal 2021 THOR Industries sees continued strong production levels well into calendar 2022. Demand for THOR Industries products remains robust at the retail level , and deale inventory levels remain historically low . - Record net sales for the third quarter were $ 3.46 billion , an increase of 105.7 % as compared to the third quarter of the prior year . Third - quarter results include $ 2.50 billion in North American RV net sales and $ 894.2 million in European RV net sales . - Consolidated gross profit margin for the third quarter was 14.6 % , a 240 basis point improvement over the comparable prior - year period . - Record earnings per share for the third quarter were $ 3.29 per diluted share , an increase of 665.1 % as compared to $ 0.43 per diluted share in the same period of the prior year . - Consolidated RV backlog as of April 30 , 2021 was $ 14.32 billion , an increase of nearly 550 % over RV backlog as of April 30 , 2020 . - Senior Secured Term Loan B facility was repriced , and the Company expects to reduce cash interest expense by approximately $ 13 million on an annualized basis . ELKHART , Ind . , June 8 , 2021 / PRNewswire / -- THOR Industries , Inc. ( NYSE : THO ) today announced record results for the third fiscal quarter ended April 30 , 202 : " We posted record results in our third fiscal quarter , achieving both the highest quarterly net sales and net income figures in the history of THOR Industries . These results show that growth continued unabated after the initial temporary shutdown of our dealers and THOR Industries ' production lines in late March through the end of April of last year due to the pandemic . We have increased our production levels , often with modest capital expenditures , and intend to continue to increase production levels to address the ongoing , robust consumer and dealer demand for THOR Industries RV products , while also managing through continuing supply cha challenges , " said Bob Martin , President and CEO of THOR Industries . " Demand for our products continues to grow at both the retail and wholesale levels . While our pace of production and shipments has accelerated , demand is so high that independent dealer inventories of THOR Industries products continue to decline while dealer sales are increasing . This increasing consumer demand has driven our order backlog to more than $ 14 billion at the end of the quarter and includes units that will be needed to restock depleted dealer inventories . Since a significant number of units in our backlog have already been retail sold , we currently believe the restocking cycle will extend well into calendar 2022 , " said Martin . Third - Quarter Financial Results Increases in year - over - year financial results for the Company's third quarter of fiscal 2021 are primarily attributable to strong demand in the current - year period and t negative impact of the COVID - 19 pandemic in the prior year , which began in the middle of the prior - year third quarter and resulted in 6 to 8 weeks of production shutdowns at most of our facilities . Net sales were $ 3.46 billion in the third quarter of fiscal 2021 , compared to $ 1.68 billion in the third quarter of fiscal 2020. This year's third quarter net sales include $ 1.73 billion for the North American Towable RV segment , $ 775.4 million for the North American Motorized RV segment and $ 894.2 million for the European RV segment . Consolidated gross profit margin increased 240 basis points to 14.6 % for the third quarter of fiscal 2021 , compared to 12.2 % in the corresponding period a year ago . The increase in the consolidated gross profit percentage was primarily due to the impact of the increase in net sales in the current - year period compared to the prior- year period and realization of strategic initiatives designed to improve our margins . Net income attributable to THOR Industries and diluted earnings per share for the third quarter of fiscal 2021 were $ 183.3 million and $ 3.29 , respectively , compared net income attributable to THOR Industries and diluted earnings per share of $ 24.1 million and $ 0.43 , respectively , in the prior - year period , and exceeds the former record for diluted earnings per share of $ 2.53 in the third quarter of fiscal 2018 . Segment Results North American Towable RVs • North American Towable RV net sales were $ 1.73 billion for the third quarter of fiscal 2021 , compared to $ 773.4 million in the prior - year period . Of the increase in total towable RV net sales , $ 19.5 million was due to the acquisition of the Tiffin Group on December 18 , 2020 . • North American Towable RV gross profit margin was 15.3 % for the third quarter of fiscal 2021 , compared to 14.1 % in the prior - year period . • North American Towable RV income before income taxes for the third quarter of fiscal 2021 was $ 167.7 million , compared to $ 49.3 million in the third quart of last year . • North American Towable RV backlog was $ 7.43 billion at April 30 , 2021 , as compared to $ 857.9 million as of April 30 , 2020 . North American Motorized RVs • North American Motorized RV net sales were $ 775.4 million for the third quarter of fiscal 2021 , compared to $ 264.0 million in the prior - year period . Of the increase in total motorized RV net sales , $ 151.7 million was due to the acquisition of the Tiffin Group on December 18 , 2020 . • North American Motorized RV gross profit margin was 12.4 % for the third quarter of fiscal 2021 , compared to 10.1 % in the prior - year period . • North American Motorized RV income before income taxes for the third quarter of fiscal 2021 was $ 54.8 million , compared to $ 10.9 million in the third quarter of last year . • North American Motorized RV backlog was $ 3.55 billion at April 30 , 2021 , compared to $ 548.0 million as of April 30 , 2020 . European RVS