Thor Announces Expansion Of Motorized Production Capacity To Meet Continued Strong Demand

ELKHART, Ind., Feb. 18, 2014 /PRNewswire/ — Thor Industries, Inc. (NYSE: THO)
today announced an expansion of production capacity for its motorhomes through
an agreement to purchase a 220,000-square-foot facility located in Elkhart,
Indiana which was formerly used to produce Monaco towable recreational vehicles
(RVs). The additional production capacity will be used to meet continued strong
demand for products produced by the Company’s Thor Motor Coach (TMC) subsidiary.

The Company’s TMC subsidiary will operate the plant with plans to begin
production in the new facility during the second half of the Company’s fiscal
year. On February 4, 2014, Thor announced that the Company’s sales of motorized
RVs increased by 43.8% to $339.3 million for the first six months ended January
31, 2014.

“We are pleased to once again have the opportunity to expand our motorized
operations in Elkhart County,” said Bob Martin, Thor President and CEO. “With
the recovery of the motorized RV market gaining strength over the past year, we
have pursued opportunistic expansion of our motorized production capacity, first
with the acquisition of the Wakarusa complex and now with this plant on the
south side of Elkhart. We view this expansion as an important step to meet both
our immediate production needs and long-term strategic goals for our motorized
business,” he added.

Jeff Kime, President of Thor Motor Coach commented, “This facility presents us
with the ability to expand our capacity while maintaining the flexibility to
meet emerging demands for our products in the market. In addition, the increased
capacity will allow us to reduce overtime and the current stress on our existing
plants and better align our production volumes with higher demand for our
products. We have begun operations on two production lines at our Wakarusa plant
purchased last year, but that additional capacity isn’t sufficient to meet the
growth of our markets. As a result, when the opportunity to set up operations in
this facility presented itself, we jumped at the chance to expand production for
what is shaping up to be another strong year of growth.”

About Thor Industries, Inc.
Thor is the sole owner of operating subsidiaries that, combined, represent one
of the world’s largest manufacturers of recreational vehicles.

This release includes certain statements that are “forward looking” statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”). These forward looking statements involve uncertainties and risks. There
can be no assurance that actual results will not differ from our expectations.
Factors which could cause materially different results include, among others,
price fluctuations, material or chassis supply restrictions, legislative and
regulatory developments, the costs of compliance with increased governmental
regulation, legal issues, the potential impact of increased tax burdens on our
dealers and retail consumers, lower consumer confidence and the level of
discretionary consumer spending, interest rate fluctuations, restrictive lending
practices, recent management changes, the success of new product introductions,
the pace of acquisitions, the impact of the divestiture of the Company’s bus
businesses, asset impairment charges, cost structure improvements, competition,
general economic, market and political conditions and the other risks and
uncertainties discussed more fully in Item 1A of our Annual Report on Form 10-K
for the year ended July 31, 2013 and Part II, Item 1A of our quarterly report on
Form 10-Q for the period ended October 31, 2013. We disclaim any obligation or
undertaking to disseminate any updates or revisions to any forward looking
statements contained in this release or to reflect any change in our
expectations after the date of this release or any change in events, conditions
or circumstances on which any statement is based, except as required by law.

SOURCE Thor Industries, Inc.

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