Month: September 2024

ELKHART, Ind., – THOR Industries, Inc. (NYSE: THO) today (Sept. 24) announced financial results for its fourth fiscal quarter ended July 31.

“Our teams delivered solid performances as we continue to navigate the persistent challenges in the industry’s retail environment. We realized strong margin performance relative to the current market conditions as our teams executed on strategic initiatives designed to maximize our operational efficiency. This long-term focus puts THOR in a strong position for our Fall Open House event and the coming winter season,” offered Bob Martin, President and CEO of THOR Industries.

“The macroeconomic challenges facing our independent dealers and end consumers have been an impediment to our industry for an extended period of time. THOR’s business model and discipline allow us to not just adjust to what we’ve referred to as ‘bouncing along the bottom,’ but to also make internal efficiency improvements which contributed to improving our fourth quarter gross profit margin despite the reduction in our net sales. While challenges persist, we are confident in our ability to continue to successfully manage our way through them. We will remain disciplined with production to help our independent dealer inventories stay fresh and in line with retail demand to protect margins in this challenging market. Our 44-year history has taught us that this cautious approach is healthy for our independent dealers, the industry and for THOR. Our confidence in the inevitable return of a robust market remains unchanged. It’s not an ‘if’ proposition but a ‘when’ proposition,” added Martin.

Fourth Quarter Financial Results

Consolidated net sales were $2.53 billion in the fourth quarter of fiscal 2024, compared to $2.74 billion for the fourth quarter of fiscal 2023.

Consolidated gross profit margin for the fourth quarter of fiscal 2024 was 15.8%, an increase of 140 basis points when compared to the fourth quarter of fiscal 2023, aided in part by a favorable LIFO inventory adjustment due to reductions in inventory levels as well as an improved warranty cost percentage.

Net income attributable to THOR Industries, Inc. and diluted earnings per share for the fourth quarter of fiscal 2024 were $90.0 million and $1.68, respectively, compared to $90.3 million and $1.68, respectively, for the fourth quarter of fiscal 2023.

THOR’s consolidated results were primarily driven by the results of its individual reportable segments as noted below.

Segment Results

North American Towable RVs

• North American Towable RV net sales were up 0.1% for the fourth quarter of fiscal 2024 compared to the prior-year period, driven by a 16.3% increase in unit shipments offset by a 16.2% decrease in the overall net price per unit. The decrease in the overall net price per unit was primarily due to the combined impact of a shift in product mix toward our lower-cost travel trailers along with sales price reductions compared to the prior-year period.
• North American Towable RV gross profit margin was 12.6% for the fourth quarter of fiscal 2024, compared to 11.9% in the prior-year period. The increase in gross profit margin percentage was primarily due to a decrease in both the overhead and warranty expense percentages.
• North American Towable RV income before income taxes for the fourth quarter of fiscal 2024 was $50.9 million, compared to $55.7 million in the fourth quarter of fiscal 2023. This decrease was driven primarily by an increase in selling, general and administrative costs.
  

North American Motorized RVs

• North American Motorized RV net sales decreased 21.2% for the fourth quarter of fiscal 2024 compared to the prior-year period. The decrease was primarily due to a 25.1% reduction in unit shipments, as current dealer and consumer demand has softened in comparison to the prior-year period, partially offset by a 3.9% increase in net price per unit.
• North American Motorized RV gross profit margin was 12.8% for the fourth quarter of fiscal 2024, compared to 8.6% in the prior-year period. The increase in the gross profit margin percentage for the fourth quarter of fiscal 2024 was primarily driven by decreases in each of the material, labor and warranty cost percentages, with the decrease in material percentage largely due to the favorable impact of a LIFO inventory adjustment as a result of inventory reduction measures, partially offset by higher sales discounts.
• North American Motorized RV income before income taxes for the fourth quarter of fiscal 2024 increased to $29.8 million compared to $21.0 million in the prior-year period, driven by the increase in gross profit margin percentage.
  

European RVs

• European RV net sales decreased 7.4% for the fourth quarter of fiscal 2024 compared to the prior-year period, driven by a 14.6% decrease in unit shipments offset in part by a 7.2% increase in the overall net price per unit due to the total combined impact of changes in product mix and price. The overall increase in net price per unit of 7.2% includes a 1.0% decrease due to the impact from foreign currency exchange rate changes.
• European RV gross profit margin was 18.7% of net sales for the fourth quarter of fiscal 2024 compared to 19.0% in the prior-year period, primarily due to slight increases in material and overhead cost percentages due to increased sales discounting, partially offset by an improved direct labor percentage.
• European RV income before income taxes for the fourth quarter of fiscal 2024 was $87.2 million compared to $101.7 million during the fourth quarter of fiscal 2023, with the decrease driven primarily by the decreased net sales and increased sales discounting compared to the prior-year period.
  

Management Commentary

“Our performance during the fourth quarter of our fiscal year 2024 was marked by a strong margin performance relative to current market conditions, as we saw an improvement in our gross margin percentage of 140 basis points over the fourth quarter of fiscal year 2023. The drivers for this improvement include our success in managing cost inputs, reduced warranty costs, optimizing our production processes and remaining disciplined with our production and inventory levels, as the reduction in inventories during the fourth quarter generated a favorable LIFO inventory adjustment. Our bottom line benefited from our successful execution of these strategies, as we saw our fourth quarter net income before income taxes as a percentage of sales increase 20 basis points compared to the prior-year period despite a 7.4% reduction in our consolidated net sales. For the full fiscal year, our top line declined by 9.7% while our gross profit margin percentage improved 10 basis points. Our focus in the current market is to continue to improve what we can control and to maximize our performance,” said Todd Woelfer, Senior Vice President and Chief Operating Officer.

“Given the current market environment, we were pleased with our fourth quarter performance. In our North American Towable segment, we saw flat net sales in our fourth quarter of fiscal year 2024 when compared to the fourth quarter of fiscal year 2023 but improved gross profit margin by 70 basis points on a similar sales volume. During the fourth quarter of fiscal year 2024, our Towable unit volumes increased by over 16% when compared to the prior-year fourth quarter as consumers continued to manifest a strong desire for the RV lifestyle despite macroeconomic conditions, albeit in smaller, more moderately-priced units. During the quarter, our warranty expense improved as we continued to focus on quality initiatives across the organization. In our North American Motorized segment, we saw sales drop over 21% when compared to the same period from the prior year. Affordability continues to be a challenge in the motorized segment as consumers navigate the current economic cycle. Despite the challenges at the retail and wholesale levels, we continue to improve our material, labor and employee benefit costs as well as our warranty costs which contributed to our gross profit margin improvement. Our North American Motorized segment gross profit margin percentage also benefited from the favorable impact of a LIFO inventory adjustment as a result of inventory reduction measures,” offered Woelfer.

“Down markets like the one we are currently experiencing in North America provide a great reconfirmation of our variable operating model. As it has consistently proven through such shifting cycles, our operating model is once again establishing itself to be ideal for our business. Unlike prior down cycles, we are experiencing in this down cycle the benefits of long-term strategic initiatives designed to drive stronger margins even in challenging conditions. These strategies include our disciplined production planning, our continued efforts to maximize operating efficiencies as we leverage our variable cost model, and our steadfast focus on improved quality. During the fiscal fourth quarter, we managed to have flat year-over-year diluted EPS performance despite a reduction in our consolidated top line of 7.4%. As we look ahead, we will continue to execute strategic initiatives designed to drive margin improvement while also working to best position our products to realize relative retail success in current market conditions,” added Woelfer.

“In our fourth quarter, our European team outperformed expectations. We have reported publicly that the benefit of dealer restocking that was realized over the first half of fiscal 2024 would dissipate in the latter half of the fiscal year. Our European segment generated gross profit margin of 18.7%, down just 30 basis points from the same period last year despite a top line decrease of 7.4% which was largely attributable to the moderation and then completion of the restocking cycle with European independent dealers. As we have reported previously, our European management team has improved the institutional margin profile of our European business such that, relative to any given market condition, our European operations will outpace historical gross profit margin performance in similar market conditions. Importantly, our European operation has grown its market share for the six months ended June 30, 2024, adding 3.5% of total market share year over year and becoming the overall European market leader. Fiscal year 2024 was another strong year for our European operation as our strategy to create geographic diversification continues to drive value,” explained Woelfer.

“During the quarter, we generated approximately $338.0 million of cash from operations, and for the full fiscal year, we generated approximately $545.5 million. As we’ve outlined in the past, we take a balanced approach to capital allocation. That was evident again this year as we returned earnings to shareholders through dividends, made significant payments on our debt, supported capital expenditures and repurchased shares of THOR stock,” added Colleen Zuhl, Senior Vice President and CFO.

“We paid down approximately $116.8 million in total debt during the fourth quarter. During the full fiscal year, we paid down approximately $224.2 million in total debt, including principal payments of approximately $213.0 million on our term loans subsequent to our November 2023 debt modification, along with approximately $11.2 million in payments related to our other debt facilities. Additionally, during fiscal 2024, we both extended the maturities on our Term Loan B and Asset Based Loan facilities and lowered the interest rates on our USD and Euro term loans.

“During the quarter we also repurchased 266,367 shares of our outstanding stock for $25.4 million, bringing our full fiscal year total stock repurchases to 720,997 shares for $68.4 million.

“Capital expenditures in the fourth fiscal quarter totaled $33.6 million, bringing our total for fiscal year 2024 to approximately $139.6 million, well under our original capital expenditure plan as we adjusted non-critical spend due to market conditions.

“Our liquidity remains a unique strength within the industry. On July 31, 2024, we had liquidity of approximately $1.32 billion, including approximately $501.3 million in cash on hand and approximately $814.0 million available under our asset-based revolving credit facility. As we continue to navigate a challenging and dynamic market, our financial strength, robust cash generation profile and balanced approach to capital allocation continues to provide us the ability to execute on our long-term strategic plan,” said Zuhl.

Outlook

“Our fiscal 2024 was a year in which many of our strategic initiatives favorably impacted our performance in a difficult market. Our choice to remain prudent through the soft North American market has translated to better consolidated margin performance. The talk of a softer market is beginning to sound like a broken record, but we remained focused on managing through it with increasing efficiency. The strength of THOR, founded in our operating companies’ outstanding and experienced teams and the well-known brands they provide to the market, is our strong balance sheet and robust independent dealer relationships. These differentiate us from our competition as our ability to manage through extended retail downturns is unmatched. As we exit our fiscal 2024 and begin our fiscal 2025, we remain mindful that our focus is to continue to improve how we operate the Company in not only the current cycle but also prepare ourselves for the robust market that we all know to be on the horizon,” said Martin.

“Our current view of fiscal year 2025 is in line with the recent RVIA industry-wide forecast which projected approximately 324,100 wholesale unit shipments for calendar 2024 and 346,100 unit shipments at the median of its range for calendar 2025. We believe the RVIA forecast for calendar 2025 is slightly aggressive and see potential for a range closer to 335,000 units. Our base assumption for forecasting will be that the macro challenges will persist through our fiscal year 2025, which runs from August 1, 2024 through July 31, 2025. In North America, we expect discounting in fiscal 2025 to remain elevated in our Motorized segment, while we expect discounts to slightly moderate in our Towable segment. In Europe, as we have exhausted the dealer restocking opportunity fully, we expect fiscal 2025 to present more challenges at both the top line and the gross profit margin line when compared to the record results of our European segment in fiscal 2024,” added Woelfer.

“Although the near-term environment remains challenging, we continue to be very optimistic about global consumer interest in the RV lifestyle and long-term demand for our products. We remain confident that our strong financial position and status as the global leader in the RV industry enables THOR to meet the challenges of the current market and positions the Company for success in the longer term,” Martin concluded.

Fiscal 2025 Guidance

“In planning for our fiscal year 2025, we anticipate that the RV market will continue to be challenging throughout our fiscal year which ends on July 31, 2025. While we acknowledge that a positive inflection in the macroeconomic conditions could occur before the end of our fiscal year 2025 that could favorably impact our financial performance, we do not currently model such an inflection beyond the normal seasonal lift we anticipate in the spring. As mentioned above, we anticipate that we will face market headwinds that will impact our full-year performance in both our North American Motorized and European segments. With a bias towards being conservative, the Company continues to be cautious on the global economic outlook and associated impacts on consumer demand and appetite for sizeable discretionary purchases. In Europe, we anticipate a reduction in our European segment net sales in fiscal 2025 compared to their record sales in fiscal 2024, which included restocking European independent dealer lots back to normalized levels. In North America, the Company’s operating plan for fiscal 2025 reflects an industry wholesale shipment range of between 330,000 and 345,000 units with wholesale shipments matching retail demand in total, but we are expecting that dealers will hold off as long as possible on stocking for the spring selling season to keep inventory levels low over the winter months. As we forecast the continuation of the softer market in fiscal year 2025, we will continue to manage the Company to maximize our performance in the current environment as we position products in the market that address the affordability concerns of independent dealers and consumers and continue to lower the average sales price of our units. Given our expectations surrounding overall market volumes in both North America and Europe, the Company is introducing its initial guidance for fiscal 2025,” commented Woelfer.

For fiscal 2025, the Company’s full-year guidance includes:

• Consolidated net sales in the range of $9.0 billion to $9.8 billion
• Consolidated gross profit margin in the range of 14.7% to 15.2%
• Diluted earnings per share in the range of $4.00 to $5.00

“As we look beyond our fiscal 2025, we expect to see a stronger retail environment in the latter half of calendar 2025 and the beginning of our fiscal 2026. Our operating companies are well positioned to leverage the capacity of THOR to realize the financial benefits of the coming return of a robust retail environment. We anticipate that in a more robust retail environment, THOR will seize market share and meaningfully grow diluted EPS as it has after previous down cycles,” concluded Woelfer.

Supplemental Earnings Release Materials

THOR Industries has provided a comprehensive question and answer document, as well as a PowerPoint presentation, relating to its quarterly results and other topics.

To view these materials, go to http://ir.thorindustries.com.

The post THOR Industries Q4 Shows ‘Strong Margin Performance’ first appeared on RVBusiness - Breaking RV Industry News.

ELKHART, Ind. – Thor Motor Coach, a leading manufacturer of innovative and family-friendly motorhomes, today (Sept. 23) announced in a press release its newest 2025 all-wheel-drive models. Designed to meet the needs of seasoned RV enthusiasts and newcomers alike, these motorhomes showcase the perfect blend of luxury, functionality, and cutting-edge technology, the release stated.

New motorhomes making their online debut include:

• Gemini TRIP 22MT Class B+ Motorhome – The Camper Van’s Big Brother: Discover the new 22MT, where comfort meets efficiency. This non-slide, all-wheel drive layout maximizes space effectively, making it ideal for those who appreciate the compactness of B vans but require additional room. Key features include a Queen-size SkyBunk, ample storage options, a rear garage, and a camp-side door for loading bulky items. Enjoy the privacy of your own bathroom and the functionality of a versatile dinette. The unit also boasts 400 watts of solar power (expandable to 600 watts), 200-amp hours of lithium battery capacity, a 4-kilowatt generator, and an Aqua-Hot hydronic heating system, all seamlessly integrated and controlled via the Rapid Camp+ multiplex system by Firefly.
• Compass AWD 24JG Class B+ Motorhome – Versatility on the Go: Designed to enhance every trip, the 24JG floor plan delivers all the comfort you seek in a small motorhome. This layout includes an easy flip-up Queen bed with cushioned seating underneath for a smooth transition from daytime living to nighttime rest. There’s also a jack-knife sofa that provides extra seating or sleeping space for guests. The roomy rear bathroom is conveniently positioned to optimize the camper’s interior without disruption. Whether planning a weekend getaway or a cross-country journey, this RV is ready for any adventure.

All 2025 motorhomes offer a range of advanced features designed to enhance the travel experience. Whether embarking on a weekend getaway or a month-long road trip, Thor Motor Coach’s latest models provide travelers with everything they need to make the journey as comfortable and enjoyable as possible.

For more information about Thor Motor Coach, visit www.thormotorcoach.com.

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ELKHART, Ind. – Truma North America is once again reinvigorating RV comfort systems with the Truma Combi G. This is the Germany-based company’s first gasoline-powered system for North America. It is a single-fuel alternative to the propane-powered Truma Combi, the original two-in-one furnace and water heater.

“Many RV manufacturers we partner with are moving towards fully electric RVs. Removing propane from the equation is a step in that direction,” said Truma North America Head of Business Development, Nick Dunning. “Combi G will allow our Class B and Class C customers to heat the living space and water using the same gasoline that fuels their chassis, eliminating the need for that second fuel source and simplifying the RV experience.

Truma Combi G comfort and comfort plus models will be available for OEM installation this fall and are compatible with Dodge and Ford chassis. The Combi G offers the same compact footprint as its propane counterparts. This allows interested RV manufacturers to easily switch from the propane Combi their customers have come to love and expect to the single-fuel alternative.

“There hasn’t been a night where we haven’t run the furnace. We would have had to fill our propane tank several times over by now,” said Combi G field tester George Larson. “The thought of not having to search for a decent source of propane takes away one of the ‘micro’ stresses that one experiences living on the road.”

Another upgrade to the Truma Combi G is the built-in high-altitude kit for automatic altitude adjustment. This allows the system to perform at high elevations without additional parts or preparation, giving RV owners the flexibility to be more spontaneous with their travel.

The Combi G isn’t Truma’s first single-fuel offering, with the diesel-powered Combi D comfort plus first entering the North American market in 2021.

Since 2013, Truma North America has provided premium solutions for outdoor living in the United States and Canada from its headquarters in Elkhart, Ind. The German-founded RV supplier has 75 years of experience providing world-class comfort systems like instant water heaters, furnaces, air conditioners, and portable refrigerators/freezers to the global recreation market. Backed by German engineering and a passion for the outdoors, Truma is committed to making your next adventure “Simply Better” with innovative technology, exemplary service, and a customer-first philosophy.

For more information about Truma and its products, visit www.truma.com/us or email [email protected].

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EDITOR’S NOTE: The following is the latest list of RV recalls compiled by the National Highway Traffic Safety Administration (NHTSA). Per strict NHTSA protocols, manufacturers will next notify its dealer partners of the recall notice. Each notice will include details of the affected vehicles as well as the appropriate remedy.

Winnebago Industries Inc. is recalling 840 2025 Winnebago View, Navion, and 2024-2025 Ekko recreational vehicles equipped with certain GE air conditioners. The air conditioner soft start device may fail and overheat. The remedy is currently under development. Owner notification letters are expected to be mailed Nov. 8. Owners may contact Winnebago customer service at 1-641-585-3535. Winnebago’s number for this recall is 188.

Alliance RV LLC is recalling 64 2024-2025 Alliance Valor 31T13 travel trailers. The front bathroom may be missing the Ground Fault Interrupter (GFI) and may not be connected to the GFI circuit. Dealers will replace the standard receptacle with a GFI receptacle, free of charge. Owner notification letters are expected to be mailed in November 2024. Owners may contact Alliance customer service at 1-574-218-7165.

Airstream Inc. is recalling 21 2025 Airstream Classic travel trailers. The power hub supplying power to circuits may have an incorrect max fuse rating, which can allow the power hub to overheat. Dealers will replace the power hubs, free of charge. Owner notification letters are expected to be mailed Nov. 9. Owners may contact Airstream customer service at [email protected], 1-877-596-6505 or 1-937-596-611 ext. 7401.

Thor Motor Coach is recalling 17 2024 Palladium and Talavera motorhomes. The liquid propane (LP) tank is located too close to the chassis exhaust, which can allow the tank to overheat. Dealers will install a retrofit heatshield, free of charge. Owner notification letters were mailed Sept. 17. Owners may contact TMC customer service at 1-877-500-1020.

Ember Recreational Vehicles Inc. is recalling four 2023-2024 Overland Series, Touring Edition, and E-Series travel trailers. The certification labels list an incorrect cargo carrying capacity, which can allow the trailer to become overloaded. As such, these trailers fail to comply with 49 CFR Part 567, “Certification.” Ember will mail labels to owners, free of charge. Owners may contact Ember customer service at 1-844-732-4204.

Tiffin Motorhomes Inc. is recalling 400 2022-2025 Allegro Bay motorhomes. The subframe truss may collapse and pinch the electrical wiring, causing an electrical arc. Dealers will reinforce the trusses, and repair damage as necessary, free of charge. Owner notification letters are expected to be mailed Nov. 8. Owners may contact Tiffin customer service at 1-256-356-8661. Tiffin’s number for this recall is TIF-142.

Storyteller Overland LLC is recalling 14 2024 GXV Hilt vehicles. The spare tire mount may not be secured properly, allowing the spare tire to detach from the vehicle. Dealers will replace the tire mount, free of charge. Owner notification letters are expected to be mailed Nov. 8. Owners may contact Storyteller Overland customer service at 1-888-999-7442.

Alliance RV LLC is recalling 154 2024-2025 Paradigm 295MK, 310RL, 340RL, 370FB, 375RD, 380MP, 382RK, 385FL, and 395DS fifth wheels. The 7-way electrical connection to the brake actuator may have been mis-wired, which can prevent the brakes from engaging if the tow vehicle detaches. Dealers will inspect and correct the wiring, free of charge. Owner notification letters are expected to be mailed in November 2024. Owners may contact Alliance customer service at 1-574-218-7165.

Winnebago Towable is recalling 424 2024-2025 Winnebago Access travel trailers. The metal siding may have been improperly attached and can come loose. Dealers will inspect and replace the siding as necessary, free of charge. Owner notification letters are expected to be mailed Nov. 11. Owners may contact Winnebago customer service at 1-574-825-5250. Winnebago’s number for this recall is CAM0000039.

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RICHMOND, B.C. – Officials with the Recreation Vehicle Dealers Association (RVDA) of Canada and iA Dealer Services are proud to celebrate 30 years of a successful partnership that has significantly contributed to the growth and development of the Canadian RV industry. This milestone marks three decades of collaboration aimed at enhancing the professionalism of RV dealers and their customers’ experiences across the country, according to a release.

Beginning in 1994, the endorsement of iA Dealer Services by the RVDA of Canada has provided RV dealers with access to a wide range of financial and insurance products tailored specifically for the RV market. This partnership has enabled dealers to offer their customers comprehensive coverage and protection plans that meet the unique needs of RV owners, ensuring peace of mind and enhancing the overall RV ownership experience.

“We are incredibly proud of our long-standing partnership with iA Dealer Services,” said Eleonore Hamm, President of the RVDA of Canada. “Their commitment to providing top-quality financial products and services has been instrumental in helping our members grow their businesses and better serve the needs of RV enthusiasts across the country. This partnership has truly been a cornerstone of our efforts to advance the RV industry in Canada. The health and well-being of the Canadian RV industry benefits tremendously from partnerships like these.”

As the RV industry continues to evolve, the RVDA of Canada and iA Dealer Services remain committed to adapting to the changing needs of dealers and consumers alike. The next chapter of this partnership will focus on innovation, additional digital transformation to further empower RV dealers to meet the demands of a dynamic market.

“We are honored to have been a trusted partner of the RVDA of Canada for the past 30 years,” said Sébastien Alajarin, Regional Vice-President of Sales for Quebec and in charge of relations with RVDA “Our shared commitment to excellence and innovation has been the foundation of our success, and we look forward to continuing to work closely with the RVDA of Canada and the RVDA provincial associations, to support the growth and prosperity of the RV industry across Canada.”

The Recreation Vehicle Dealers Association (RVDA) of Canada is a national, volunteer federation which exists to protect and promote the interests and welfare of RV Dealers across Canada in order to enable the industry to maximize its potential. 

iA Dealer Services is a leading provider of finance and insurance solutions for the automotive and recreational vehicle industries. With a focus on innovation, customer service, and industry expertise, iA Dealer Services offers a comprehensive suite of F & I products and services. iA Dealer Services also provides dynamic, professional training opportunities for dealership personnel. Through their Centre of Excellence Learning and Development program, iA workshops enable dealers to significantly improve their F & I product penetration and overall profitability.  

For more information, please contact the RVDA of Canada at (604) 718-6325. 

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OHI officials are thrilled to announce that Vital Germaine, president of ENGAGE Teams 360, will be delivering the keynote address at OHCE2024 on Monday, Nov. 4, 2024. Known for his dynamic and transformative approach, Germaine is set to inspire and energize attendees with his unique insights on creativity, team development, and leadership, according to a release.

This year’s keynote aligns perfectly with what OHCE2024 is all about, bringing people together, fostering community, and creating lasting connections. Germaine’s focus on creativity, empathy, and team dynamics isn’t just about improving your business; it’s about building stronger, more connected teams that thrive in a collaborative environment which is truly the essence of OHCE2024. 

Germaine, a seven-time author and former Cirque du Soleil acrobat and Team Captain, brings a wealth of experience and a fresh perspective to the stage. His keynotes are renowned for being different, meaningful, and impactful, providing actionable learning tools that inspire excellence and evoke action. Attendees can expect to leave with enhanced team dynamics, more creative and innovative mindsets, and strengthened leadership and communication skills. 

OHCE2024 is more than just a conference. It’s a unique gathering of the Outdoor Hospitality Industry’s most passionate professionals, all coming together to learn, connect, and grow. Just as Germaine emphasizes the importance of creativity and empathy in team dynamics, OHCE2024 emphasizes the importance of community in our industry’s success. 

In today’s digital world, nothing replaces the power of in-person interactions. At OHCE2024, you’ll have the chance to build relationships that go beyond business. These connections can evolve into lifelong friendships, mentorships, and collaborations that will continue to grow long after the conference ends. The value of these face-to-face meetings is immeasurable, and they’re at the core of what makes OHCE2024 special. 

Imagine networking with industry leaders, suppliers, and fellow park owners, all sharing the same excitement and commitment to outdoor hospitality. The conversations you have here won’t just fill your contact list, they’ll fill your future with opportunities for growth and support. 

You’ll gain access to the latest trends, technologies, and best practices, ensuring that you’re always on the cutting edge. From networking receptions to breakout sessions and the award winning expo floor, every moment at OHCE2024 is an opportunity to expand and grow. This is your chance to hear it first and implement it fast. 

From Germaine’s keynote to unparalleled networking opportunities, this year’s event promises to be our most dynamic yet. And as excitement builds, stay tuned for the official full OHCE2024 schedule set to be released soon.  

For more information about OHCE2024 and to register, visit ohi.org/event/ohce/.  

OHI is a member-driven organization dedicated to serving and advancing the RV parks, campgrounds, and glamping businesses that make up the Outdoor Hospitality Industry. We provide the voice, tools, and training to advance the owners, operators, and staff of all the remarkable and unique Outdoor Hospitality businesses that shape the life-long memories of their adventuring customers.  

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FAIRFAX, Va. – RVDA announced that long-time sponsor, BMO Bank N.A.  will return as a bronze partner for the 2024 RV Dealers Convention/Expo.

The Convention/Expo will take place Nov. 11-15, 2024, at Paris Las Vegas and is sponsored by RVDA of U.S., RVDA of Canada, and the Mike Molino RV Learning Center.

“Since acquiring Bank of the West in 2023, BMO has grown its U.S. presence and its partnership with the RV industry,” said Convention/Expo Committee Chair Chris Andro, Hemlock Hill RV Sales in Southington, CT. “BMO’s continued involvement with the Convention/Expo is a welcome development.”

“We value our partnerships with RV dealers across the U.S. and look forward to enhancing those relationships at the Convention/Expo,” said Michael Lax, Executive Vice President of Indirect Lending at BMO. “We hope the networking and education opportunities benefit dealers from all parts of North America.”

The convention allows North America’s top dealership personnel to forge valuable connections with peers, industry leaders, and potential business partners during the Expo. Dealership professionals can expand their network and gain insights from the best in the RV industry.

The dealer-organized RVDA Convention will provide an in-depth look into the current sales landscape. Attendees will have access to valuable resources to optimize all departments within a dealership, including fixed operations.

To register for the 2024 RV Dealers Convention/Expo, click here. Regular updates will be posted on the convention website, Facebook, Instagram, LinkedIn, and X.

Companies interested in partnership or sponsorship opportunities can contact Julie Newhouse at (703) 364-5518 or email[email protected].  

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The RVBusiness Featured Video is sponsored by CURT, a Lippert towing brand.

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FORT WORTH, Texas – Fun Town RV LP, the largest towable RV dealer in Texas, announces a major acquisition with the purchase of Northtown Motor Homes Inc. in Rockford, Mich., located at 10947 Northland Dr NE, Rockford, MI 49341. This marks a significant step in Fun Town RV’s aggressive national expansion strategy, according to a release.

“We’re excited to bring Northtown Motor Homes Inc. into the Fun Town RV family,” said Jarrod McGhee, CEO of Fun Town RV. “We want to give everyone in America a great place to purchase an RV, provide quality service after the sale and make the RV’ing experience Fun , as it should be.” “ As an industry in my opinion we have not put enough priority on the customer experience post sale. I am investing millions into quality control and customer satisfaction, and I challenge every other industry leader to do the same.”

Fun Town RV extends its appreciation to the owner and staff of Northtown Motor Homes Inc. for ensuring a smooth transition. Known for its quality service and personalized customer approach, Northtown aligns perfectly with FunTown RV’s commitment to excellence. Fun Town RV is proud to continue this legacy in the Michigan market.

This acquisition also marks a homecoming for Chief Sales & Marketing Officer Joe Anderson, who stated, “Leading this team in my hometown is an exciting opportunity to reconnect with the RV community I’ve been proud to serve for years.”

For more information, visit www.FunTownRV.com.

About Fun Town RV

Headquartered in Fort Worth, TX, Fun Town RV operates locations across Texas, Oklahoma, Indiana, Illinois, Kansas, Michigan, and Arkansas. Since its founding in 2010, Fun Town RV has seen explosive

growth and continues to pursue an aggressive national expansion strategy. With ambitious plans to establish a dominant presence in key markets, Fun Town RV remains focused on becoming the go-to RV dealership across the U.S.

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Winnebago President & CEO Michael Happe joins Rick Kessler and Sherm Goldenberg for a Capitol Talk conversation on the state of the RV industry and how his company is poised for long-term success.

The RVBusiness Capitol Talk is sponsored by Airxcel Inc.

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