Shares of Thor Industries gained more than 12 percent Tuesday after the recreational vehicle maker posted earnings and revenue above analysts' forecasts.
The company reported fiscal first-quarter earnings of $1.49 per share on revenue of $1.71 billion, well over Thomson Reuters estimates for $1.23 a share and revenue of $1.5 billion.
Thor said the results are a reflection, in part, of strength in the company's towable trailer segment and consumer reception of its products.
"Starting with our dealer open house in September, our new products have been incredibly well-received, with strong year-over-year sales and backlog growth," President and CEO Bob Martin said in the earnings release. "With continued dealer optimism and steady economic conditions, we believe 2017 will be one of the strongest years for wholesale shipments for the industry since the 1970s."