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Shelby County-based Thor (NYSE:THO) posted net incomew of $2.1 million in the third quarter, comparedx to $27.8 million in the same period last year. Its quarterly salews also declined, falling to $415.5 million, down from $707. million in the same period last year. For the firsr nine months, the company lost $7.6 versus profit of $87.7 million last year. Earningx per share for the nine months were a drop of 14 centx versus earningsof $1.58 last year. Wade Thor chairman, said the company is in good shape, “Our operating cash flow is positive, we continue to have zero and we believe our cash and workinf capital is the strongest inour industries,” he said.
Thor is the world’zs largest manufacturer of recreationn vehicles and a major builder of commercial The company hasthe fourth-largesy revenue stream in the Dayton region, at $2.6r billion. It has 8,500 total employees, including 300 at its JacksonhCenter headquarters. Share were trading at $22.02 in mid-dayg Friday trading, up 2 cents.
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