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Interior furnishings producer Decorator Industries announces Q3 results
14 Nov '06
3 min read
Decorator Industries Inc a supplier of interior furnishings for recreational vehicles ("RV"), manufactured housing ("MH") and the lodging industry, announced results for the three and nine month periods ending September 30, 2006.
Third quarter 2006 net sales were $12,469,174 compared to $12,597,173 for the same period a year ago. Net sales for the first nine months of 2006 were $41,610,158 compared with $38,304,507 in 2005.
Net loss for third quarter of 2006 was $186,881 or 6 cents per diluted share compared with net income of $347,052 or 12 cents per diluted share in last year's third quarter. Net income for the first nine months of fiscal 2006 was $673,771 or 22 cents per diluted share compared with $1,006,705 or 34 cents per diluted share for the same period a year ago.
Mr. Bassett, Chairman, stated:
"Sales to RV customers increased about 2 percent to $7,389,000 in the third quarter of 2006, compared with last years sales for the same period of $7,227,000. For the first nine months of 2006 our RV sales increased 15 percent to $24,766,000 compared with $21,579,000 for the same period a year ago."
"The RV industry reported a 5 percent decline in total shipments during the third quarter, with towable shipments decreasing by 4 percent and motor home shipments declining by 12 percent. Year to date industry shipments were up 8 percent, with towable shipments increasing 11.9 percent and motor home shipments decreasing 11.6 percent."
Third quarter 2006 net sales were $12,469,174 compared to $12,597,173 for the same period a year ago. Net sales for the first nine months of 2006 were $41,610,158 compared with $38,304,507 in 2005.
Net loss for third quarter of 2006 was $186,881 or 6 cents per diluted share compared with net income of $347,052 or 12 cents per diluted share in last year's third quarter. Net income for the first nine months of fiscal 2006 was $673,771 or 22 cents per diluted share compared with $1,006,705 or 34 cents per diluted share for the same period a year ago.
Mr. Bassett, Chairman, stated:
"Sales to RV customers increased about 2 percent to $7,389,000 in the third quarter of 2006, compared with last years sales for the same period of $7,227,000. For the first nine months of 2006 our RV sales increased 15 percent to $24,766,000 compared with $21,579,000 for the same period a year ago."
"The RV industry reported a 5 percent decline in total shipments during the third quarter, with towable shipments decreasing by 4 percent and motor home shipments declining by 12 percent. Year to date industry shipments were up 8 percent, with towable shipments increasing 11.9 percent and motor home shipments decreasing 11.6 percent."
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