Exceptional Growth Sends Thor Soaring

Some businesses go through cyclical booms during which they can experience monumental gains in their stock price. Thor Industries (NYSE: THO) has enjoyed such a period for more than a year now, as the recreational vehicle market took off in 2016 and has continued to see impressive performance. With rising demand among a new generation of RV enthusiasts, Thor intends to make the most of the upsurge in vehicle purchases.

Coming into Monday's fiscal first-quarter financial report, Thor investors fully expected the company to keep benefiting from the increased interest in RVs. Yet even optimistic shareholders were surprised by just how well Thor did. Let's look more closely at Thor Industries to see what its latest results say about its prospects.

Image source: Thor Industries.

Source: Fool.com