THOR Industries Racks Up $14 Billion Order Backlog Amid Sustained RV Demand

Even as Covid restrictions lift, RV-maker THOR Industries is seeing sustained demand for outdoor living — and a growing order backlog, CEO Bob Martin told CNBC Tuesday.

THOR’s backlog was worth $14.32 billion as of late April, the company said in its fiscal third-quarter report out Tuesday. That’s up 32.5% from $10.81 billion at the end of January and up 550% from a year ago.

Martin told Jim Cramer on “Mad Money” that the company is “pretty much sold out for the next year” with most of the new recreational vehicle inventory already promised to waiting customers.

“We have backlogs that are full of retail orders, so those will hit the dealer’s lot and then leave, and so we’re still not able to build inventory at our dealer’s lots,” he said.

Check out the full article from CNBC here.