Interviews
News Flash
Decorator Industries net income up 31% for Q1
10 May '06
3 min read
Leading supplier of interior furnishings for recreational vehicles manufactured housing ("MH") and the lodging industry Decorator Industries announced that net income for the first quarter ended April 1, 2006 increased 31 percent to $547,960 or 18 cents per diluted share. This compares with net income for the first quarter a year ago of $418,336 or 14 cents per diluted share.
Net sales for the first quarter of 2006 increased 18 percent to $14,662,315, a record high. This compares with $12,431,382 from the same period last year. Our sales to RV customers were $9,127,000, an increase of about 25 percent from last year.
Approximately 12 percent of the Company's sales to its RV customers were Emergency Living Units (ELU's). Excluding the ELU's, the increase in RV sales would have been about 10 percent compared with the first quarter of 2005. Sales to our MH customers increased just over 14 percent to $2,808,000 while sales to our hospitality customers of $2,727,000 were up about 2 percent from the first quarter of last year.
Mr. Bassett, Chairman, stated:
"The RV Industry reported mixed results for the quarter, with towable RV shipments increasing by 21 percent and motor home shipments decreasing by 12 percent from a year earlier. The RV Industry does not include FEMA related ELU's in their figures. The MH Industry reported that shipments for the first quarter increased by just over 9 percent from a year ago. The MH industry increase is inclusive of FEMA shipments. Our sales to both our RV and MH customers are affected by the strength of each of these industries and more directly by the performance of our specific customers.
Net sales for the first quarter of 2006 increased 18 percent to $14,662,315, a record high. This compares with $12,431,382 from the same period last year. Our sales to RV customers were $9,127,000, an increase of about 25 percent from last year.
Approximately 12 percent of the Company's sales to its RV customers were Emergency Living Units (ELU's). Excluding the ELU's, the increase in RV sales would have been about 10 percent compared with the first quarter of 2005. Sales to our MH customers increased just over 14 percent to $2,808,000 while sales to our hospitality customers of $2,727,000 were up about 2 percent from the first quarter of last year.
Mr. Bassett, Chairman, stated:
"The RV Industry reported mixed results for the quarter, with towable RV shipments increasing by 21 percent and motor home shipments decreasing by 12 percent from a year earlier. The RV Industry does not include FEMA related ELU's in their figures. The MH Industry reported that shipments for the first quarter increased by just over 9 percent from a year ago. The MH industry increase is inclusive of FEMA shipments. Our sales to both our RV and MH customers are affected by the strength of each of these industries and more directly by the performance of our specific customers.
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
