730263--9/29/2008--THOR_INDUSTRIES_INC

related topics
{gas, price, oil}
{customer, product, revenue}
{condition, economic, financial}
{product, market, service}
{financial, litigation, operation}
{cost, regulation, environmental}
{regulation, government, change}
{capital, credit, financial}
Risks Relating to Our Investigation The SEC is reviewing the facts and circumstances giving rise to the restatement of our previously issued financial statements and related matters. Risks Relating To Our Business The recreation vehicle and small and mid-size bus industries are highly competitive. Our businesses are cyclical and this can lead to fluctuations in our operating results. External factors affecting our business. Two dealers accounted for an aggregate of 27% of our bus sales for fiscal year 2008. The loss of either dealer could have a significant effect on our bus business. A significant portion of our sales of small and mid-size buses are derived from state and local transportation authorities. Fuel shortages, or continuing high prices for fuel, could have a negative effect on sales of our recreation vehicles. Our recreation vehicle business is seasonal, and this leads to fluctuations in sales, production and net income. Our business is affected by the availability and terms of financing to dealers and retail purchasers. Changes in consumer preferences for our products or our failure to gauge those preferences could lead to reduced sales and additional costs. If the frequency and size of product liability and other claims against us rises, our business, results of operations and financial condition may be harmed. When we introduce new products into the marketplace we may incur expenses that we did not anticipate, which, in turn, can result in reduced earnings. Our repurchase agreements with floor plan lenders could result in increased costs. For some of our components, we depend on a small group of suppliers, and the loss of any of these suppliers could affect our ability to obtain components at competitive prices, which would decrease our margins. Our business is subject to numerous federal, state and local regulations.

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