Thor Named to Forbes Platinum 400 List
11 January 2000
Thor Named to Forbes Platinum 400 ListJACKSON CENTER, Ohio, Jan. 10 -- Thor Industries, Inc. has Platinum 400 list of "exceptional big corporations that pass a stringent set of hurdles measuring both long- and short-term growth and profitability." Thor is one of 18 consumer durables companies listed and the only one with zero long-term debt. Thor's net income increase of 60.5% in the latest 12 months makes it one of the fastest growing companies on the list. Forbes notes that the "Platinum 400 is made up of time-tested champions, not overnight sensations." Thor was recently rated 'out perform' by well-known investment bank, Morgan Keegan & Company, Inc. with a 12-month price target of $42. Thor closed at $28-5/8 last Friday. This release includes "forward-looking statements" that involve uncertainties and risks. There can be no assurance that actual results will not differ from the Company's expectations. Factors which could cause materially different results include, among others, the success of new product introductions, the pace of acquisitions and cost structure improvements, competitive and general economic conditions, and the other risks set forth in the Company's filings with the Securities and Exchange Commission.