Posts Tagged ‘housing products’

Cavco to Announce Quarterly Earnings Report

May 21st, 2013 Comments off

As globenewswire informs MHProNews Cavco Industries, Inc. will release its earnings report for Q4 of fiscal year 2013 following the close of the market Thurs., May 23, 2013. Friday, May 24, senior management officials will discuss the results in a live webcast at 12:00 PM Eastern Time. Listen via Internet: under the Investor Relations link. The call will be archived using the same contact information for 90 days. The second largest producer of manufactured homes in the nation, Cavco designs and produces factory-built housing products under a variety of brand names including Cavco, Fleetwood, and Palm Harbor, and modular homes under the Nationwide Homes brand.

(Image credit: Cavco Industries, Inc.)

Drew Reports Second Quarter Financials

August 2nd, 2012 Comments off

equities says Drew Industries, Inc (NYSE:DW) reports record net sales for the second quarter of 2012 of $251 million, a 35% increase over Q2 2011, a record for any quarter, primarily due to a 39% increase in the RV division, while acknowledging the manufactured housing sales segment also increased due to the 13% industry-wide gain in MH production. Additionally, net sales for July, 2012 increased 35%. The company’s operating profit margin was 7.6% in the second quarter of 2012 as compared to 7.8% in Q1 2012, reflecting a higher-than-expected demand for their products which resulted in excess labor, overtime, and outsourcing costs in order to meet commitments to customers, primarily in the RV sector. President and CEO Fred Zinn said, “The increased demand for our products will ultimately benefit our long-term profitability, as we increase capacity and improve production efficiencies.” The company has the capacity for increased production in the manufactured housing products segment resulting in an operating profit increase of $1.1 million compared to the second quarter of 2011. As MHProNews knows, Drew Industries supplies an array of components to the manufactured and modular housing and RV industries.

(Image credit: Drew Industries, Inc.)