"Sales to our MH customers decreased about 15 percent to $2,260,000 in the third quarter of 2006, compared with last year's third quarter sales of $2,647,000."
"For the nine month period of 2006 our MH sales decreased about 2 percent to $7,610,000 compared with $7,775,000 for the same period a year ago. The Manufactured Housing Institute reported that industry shipments decreased about 18 percent for the third quarter of 2006, resulting in a year to date decrease of about 5 percent."
"Our financial condition is very strong with stockholders' equity of $17,756,609. Long term debt was $1,716,610 or 8.8 percent of total capital. Working capital increased to $6,013,407 from $5,634,250 a year ago."
"Both the RV and MH original equipment manufacturers are currently operating at lower volumes when compared to a year ago. The weakness in motor home shipments which began in early 2005 has continued, and towable shipments have softened since August."
"Also the next couple of quarters will not include any purchases by the Federal Emergency Management Administration (FEMA) which provided a significant boost to trailer shipments by the RV manufacturers in both the fourth quarter of 2005 and the first quarter of 2006."
"We are addressing those factors which contributed to our third quarter performance and expect to show improvement going forward. However, the market conditions cited above will significantly impact our results. We believe the long-term outlook for Decorator Industries is very positive."
-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)")
