Short answer
Thor Industries Inc (THO) filed its fiscal 2007 10-K annual report with the SEC on Oct 1, 2007.
- Top risk flagged: SEC investigation of Dutchmen restatement: potential civil penalties, injunctive relief, or administrative remedies
Thor Industries Inc FY2007 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Business model: North American manufacturer and dealer-distributor of recreation vehicles and small and mid-size buses
- Three reportable segments: towables, motorized recreation vehicles and buses, with bus sales rising to $400,685
- Competitive position: 31% travel trailer and fifth-wheel share, 14% motorhome share and 38% small and mid-size bus share
- Dealer network: approximately 1,532 recreation vehicle dealers and 65 bus dealers across the United States and Canada
- Notable fiscal 2007 shift: bus backlog reached $228,862, surpassing recreation vehicle backlogs combined at $360,854
Management Discussion & Analysis
- Revenue $2,856,308, down 6.8% YoY, with RV sales down 10.7% and buses up 26.9%
- Gross margin 12.7% vs 14.1%, with pretax margin 6.9% vs 8.4%
- Best segment: buses, revenue $400,685 and pretax income $18,997, up 103.0%
- Worst segment: towables, revenue $1,890,100, down 13.0%, gross margin 14.5% vs 16.1%
- Cash $346,464, capex $13,105, dividend $55,716, buybacks $1,630, fiscal 2008 capex planned at $13,000
Risk Factors
- SEC investigation of Dutchmen restatement: potential civil penalties, injunctive relief, or administrative remedies
- State and local transportation authorities: approximately 60% of fiscal 2007 bus sales exposed to budget reductions
- Chassis supply concentration: Ford and General Motors dominant suppliers, with prior industry-wide shortages
- Entry-level travel-trailer competition: margin pressure from existing and new competitors
- CEO health and control concentration: Wade Thompson held 29.4% voting control while undergoing cancer treatment
Generated from the filing text; verify against the original. How to read a 10-K
Other Thor Industries Inc annual reports
- FY2019 10-KFiled Sep 30, 2019
- FY2018 10-KFiled Sep 20, 2018
- FY2017 10-KFiled Sep 27, 2017
- FY2016 10-KFiled Sep 26, 2016
- FY2015 10-KFiled Sep 21, 2015
- FY2014 10-KFiled Sep 25, 2014
- FY2013 10-KFiled Sep 26, 2013
- FY2012 10-KFiled Sep 26, 2012
- FY2011 10-KFiled Sep 28, 2011
- FY2010 10-KFiled Sep 29, 2010
- FY2009 10-KFiled Sep 29, 2009
- FY2008 10-KFiled Sep 29, 2008
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