Short answer
Thor Industries Inc (THO) filed its fiscal 2010 10-K annual report with the SEC on Sep 29, 2010.
- Top risk flagged: SEC review of Dutchmen restatement, potential civil injunctions and monetary penalties
Thor Industries Inc FY2010 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Manufactures and sells recreation vehicles and small-to-mid-size buses through independent dealer networks in the U.S. and Canada
- New SJC ambulance acquisition, $20,081 purchase price, added to the Buses segment
- Heartland acquisition, $99,562 cash plus 4,300,000 shares, expanded Towables with a major manufacturer
- Motorized operations combined as Thor Motor Coach, emphasizing Thor-backed value-oriented brands
- Fiscal 2010 market position: 34% travel trailer and fifth-wheel share, 18% motorhome share, 36% small-to-mid-size bus share
Management Discussion & Analysis
- Revenue $2,276,557, up $754,661 or 49.6% YoY, driven by Recreation Vehicles
- Pre-tax margin 7.5% vs 1.5%, with gross margin 13.5% vs 10.0%
- Best segment Towables: revenue $1,556,591, pre-tax margin 9.4% vs 5.0%; worst Motorized: margin 3.6% vs negative 18.4%
- Operating cash flow $100,652, capex $12,767, buybacks $115,420, dividends $42,408
- Outlook: fiscal 2011 capex approximately $23,000; risks from credit constraints, raw-material inflation, slowing stimulus funding and dealer restocking
Risk Factors
- SEC review of Dutchmen restatement, potential civil injunctions and monetary penalties
- FreedomRoads: 18% of recreation vehicle sales and 15% of consolidated sales
- Bus exposure to state and local authorities: 73% of fiscal 2010 bus sales
- Chassis concentration: Ford Motor Company and General Motors as dominant suppliers
- FEMA trailer litigation: approximately 616 formaldehyde-related complaints in MDL 07-1873
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
- FY2009 10-KFiled Sep 29, 2009
- FY2008 10-KFiled Sep 29, 2008
- FY2007 10-KFiled Oct 1, 2007
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