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Posts Tagged ‘net sales’

Drew Sales Gained in Q2 2015 over Same Period 2014

August 4th, 2015 Comments off

drew_industFor the second quarter 2015, sales at Drew Industries, Inc. (NYSE:DW) gained 13 percent over Q2 2014 to $362 million, one million over the first quarter to set a record, producing net income of $20.9 and earnings per share of $0.85, although short of consensus expectations of $0.93 per share. Investors had also hoped for sales growth of 17 percent.

Net income in the comparable quarter of 2014 was $18.6 million, or $0.77 per diluted share, according to prnewswire. Drew’s recreational vehicle (RV) sector accounted for 92 percent of net sales in Q2 2015, based upon a 14 percent increase in this sector for 2015 over the same period of 2014. Acquisitions by Drew in 2014 thru Q2 2015 added $21 million in net sales for this reporting quarter, MHProNews has learned.

In the manufactured housing segment sales declined nearly two percent to $57.4 million, but profitability increased 16 percent over the same quarter last year.

With the strong underlying demand for our products in the second quarter of 2015, we achieved record quarterly net sales for the second time this year,” said Jason Lippert, Drew’s Chief Executive Officer. “The industries we serve continue to grow, which, when coupled with our recent acquisitions, new products and market share gains, have led to the significant increase in our net sales for the second quarter of 2015. “RV industry fundamentals remain strong, as evidenced by the 12 percent increase in industry-wide retail sales of travel trailer and fifth-wheel RVs in the first five months of 2015,” continued Lippert. “The long-term strength of underlying retail demand has resulted in fifteen consecutive quarterly increases in RV wholesale production of travel trailer and fifth-wheel RVs.

As MHProNews knows, Drew is a component supplier to the manufactured housing and recreational vehicle industries. Shares of Drew’s stock closed today, Aug. 4, 2015 at $56.95, down -4.17 percent, but up +15.08 on the year. ##

(Image credit: Drew Industries, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News–MHProNews.

Supplier to Manufactured Home Market Reports Profit

July 16th, 2015 Comments off

TJT_IncFor the third quarter of its fiscal year, T.J.T. Inc. announces net profits of $11,969 on net sales of $1,522,014, a turn around from its net loss of $7,114 reported April 13, 2015 for the previous quarter. As businesswire tells MHProNews sales for this quarter were comparable to Q3 of last year when they hit $1,528,135.

The supplier of axles, tires, and set-up materials to the manufactured housing industry reports net sales of axles and tires rose 11 percent quarter over quarter, from $914,022 one year ago to $1,016,198, while accessories fell from $613,213 a year ago to $505,816 this most recent quarter.

Based in Emmett, Idaho, CEO Terry Sheldon said, “The higher level of sales which the company generated last year is being maintained in the current competitive environment. Our efforts to reduce SG&A expenses over the prior year have produced positive results. Our team of dedicated employees at TJT continues to work diligently to provide the highest quality products and services to our customers. We look forward to reporting results for the fourth quarter.

The company serves eight western states through recycling facilities in Idaho and California, and sells aftermarket supplies to the manufactured housing (MH) and recreational vehicle (RV) markets. ##

(Image credit: T.J.T., Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Drew Draws Aces, Posting Record First Quarter 2015

May 5th, 2015 Comments off

drew_industNet sales for Drew Industries, Inc. (NYSE:DW) in the first quarter of 2015 rose to a quarterly record $361 million, 27 percent higher than for the same period 2014, resulting in net income of $20.1 million, $0.82 per diluted share, versus $16.2 million, or $0.67 per diluted share for the quarter ending March 31, 2014.

The growth in net sales is primarily the result of a 29 percent increase in net sales of the company’s recreational vehicle (RV) sector. While the RV segment accounted for much of the company’s growth, the manufactured housing (MH) segment’s net sales (OEMs) increased nearly eight percent, from $16.5 million to $17.8 million, Q1 2014 to Q1 2015. Operating profit for the MH sector grew from $2.3 million to $2.7 million, year-over-year.

Sales for April 2015 have already set a record for the month, hitting $129 million, 14 percent higher than April of last year, as marketwatch informs MHProNews.

With the strong underlying demand for our products in the first quarter of 2015, we achieved record net sales, the highest level for any quarter in Drew’s history,” said Jason Lippert, Drew’s Chief Executive Officer. “The industries we serve continue to grow, which, when coupled with our recent acquisitions, new products and market share gains, have led to the significant increase in our net sales for the first quarter of 2015.

Drew has acquired two additional subsidiaries in 2015: EA Technologies, a manufacturer of custom aluminum and steel parts, and provider of powder-coating services; and Spectal Industries, a Canadian producer of windows and doors for buses, emergency vehicles, RVs and trucks.

From 41 facilities across the nation and Canada, through its wholly-owned subsidiary, Lippert Components, Inc.,  Drew supplies components to the manufactured housing and recreational vehicle industries.##

(Image credit: Drew Industries, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Manufactured Housing Industry Supplier, T.J.T., Reports Quarterly Results

April 14th, 2015 Comments off

t.j.tFrom Emmett, Idaho businesswire informs MHProNews of the Q2 fiscal year results for T.J.T. Inc., a provider of axles, tires and set-up materials to the manufactured housing industry. Net sales rose 14 percent from $1,266,699.00 in the same quarter last year to $1,440,024 this quarter. Sales resulted in a net loss for the quarter of -$7,114.00, $0.00 per diluted share.

Net sales of axles and tires rose 18 percent quarter-over-quarter, while net sales of accessories increased four percent. T.J.T. operates recycling facilities in Idaho and California, serving eight states. Additionally, the company also sells aftermarket products to the manufactured housing, recreational vehicle and residential markets.

CEO Terry Sheldon said, “While our results were affected to some extent by seasonal factors, we look forward to improved results as the year progresses. Our team of dedicated employees at T.J.T. continues to work diligently to provide the highest quality products and services to our customers. ##

(Image credit: T.J.T., Inc.)

matthew-silver-daily-business-news-mhpronews-com  Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

Universal Forest Products Announces Financials

February 13th, 2014 Comments off

According to cnnmoney.com, Universal Forest Products, Inc. (NYSE:UFPI) announced 2013 net sales of $2.5 billion, an increase of 20.2 percent over 2012, and net earnings of $43.1 million, $2.15 per diluted share, compared to net earnings in 2012 of $23.9 million, or $1.21 per diluted share. Net sales for Q4 2013 totaled 525.7 million, up 11.7 percent over the fourth quarter of 2012. Net earnings in the fourth quarter of 2013 were $8.0 million, or $.40 per diluted share, compared to a loss of $1.9 million, or ($.10) per diluted share, in the fourth quarter of 2012. Meanwhile, UFPI has decided not to pursue its recently announced intent to acquire National Fiber, a leading manufacturer of cellulose insulation located in Belchertown, Mass. As MHProNews.com has learned, the sector of the company that provides lumber to the manufactured housing industry hit sales for the year of $865.6 million, up 31.3 percent over 2012, while sales for the fourth quarter 2013 increased 14.5 percent over the same period 2012 to $203.3 million. A conference call will be held Thurs., Feb. 14 at 8:30 AM eastern standard time for analysts and institutional investors. Interested parties may listen in to the webcast at http://www.ufpi.com.
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(Image credit: Universal Forest Products, Inc.)

Drew Posts Gains for Third Quarter 2013

November 1st, 2013 Comments off

Drew Industries, Inc. (NYSE:DW) reports net income of $14.8 million for Q3 2013, or $0.62 per share, compared to $9.8 million in net income for the same period of 2012, an increase of52 percent. Net sales in the third quarter 2013 hit $251 million, 11 percent higher than the comparable period last year for the Elkhart, Indiana-based company. The sales growth Drew attributes to a 12 percent increase in the RV segment, which accounted for 87 percent of net consolidated sales. According to 4-traders.com, retail demand for travel trailer and fifth-wheel RVs rose 12 percent in the first eight months of this year as opposed to eight years for all of 2012. As MHProNews knows, through its subsidiaries, Lippert Components, Inc. and Kinro, Inc., Drew is a major supplier of components to the manufactured home and recreational vehicle markets. CEO Jason Lippert says, “Our Company-wide focus on our customers as our first priority has enabled us to gain market share and increase sales. We continue to invest in customer service and research and development resources to maintain our position as a leading supplier to the industries we serve.”

(Image credit: Drew Industries, Inc.)

Patrick Releases Q3 2013 Financials

October 25th, 2013 Comments off

Patrick Industries, Inc. (NASDAQ:PATK) reports net sales for Q3 2013 increased 29.8 percent over the same quarter 2012, from $112.9 million to $146.6 million. While sales to the manufactured housing (MH) industry rose 16 percent, the sales increase was due primarily to the 35 percent increase in revenues from the recreational vehicle (RV) industry which represented approximately 70 percent of Q3 overall sales. However, third quarter 2013 net income was $5.5 million, $0.51 per diluted share, as compared to income of $6.6 million or $.60 per diluted share in the comparable quarter of 2012. As prnewswire informs MHProNews, Patrick’s major products to the MH and RV industries include decorative vinyl and paper laminated panels, countertops, wrapped profile mouldings, slide out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures, interior passage doors, exterior graphics, and slotwall panels and components.

(Image credit: Patrick Industries, Inc.)

Drew Industries Sets Sales Record for Q2 2013

August 7th, 2013 Comments off

Drew Industries, Inc. reports sales for Q2 2013 increased to a record $287 million, a 14 percent increase over the same period in 2012, resulting in net income of $15.9 million, not including an after-tax charge of $0.4 million related to executive succession which would have been $16.3 million in income. This represents an increase of 39 percent over the $11.7 million net income for the same period of 2012. The rise in net sales for Q2 was the result of a 16 percent increase in the company’s RV segment, according to a report from sacbee.com. Additionally, sales for July, 2013 rose 13 percent above the comparable period in 2012, again reflecting demand for recreational vehicle (RV) product, although Drew estimates production of manufactured housing industry-wide rose five to ten percent over 2012. As MHProNews knows, through its wholly-owned subsidiaries Kinro Inc. and Lippert Components, Drew provides numerous components for the manufactured housing and recreational vehicle industries.

(Image credit: Drew Industries, Inc.)

Universal Forest Products, Inc. Sales Gain for Q2 213

July 18th, 2013 Comments off

Universal Forest Products, Inc. (UFPI) reports second quarter 2013 net sales of $738.4 increased 24.4 percent over the $593.7 net sales for the same period of 2012. Second quarter net earnings for 2013 equaled $15.8 million compared to $17.5 million for the same period 2012, although 2012’s earning included gains on the sale of real estate worth $6.9 million. Adjusted net earnings therefore for Q2 2012 actually equal $13.2 million. UFPI (NASDAQ:UFPI) states all five of its markets experienced double digit gains. It’s manufactured housing sector gross sales hit $109.5 million, an increase of 35.7 percent over the same period of 2012. As fortmilltimes informs MHProNews, UFPI is a holding company providing administrative, capital and management resources to manufactured housing and residential construction markets. Its stock gained +0.34% to close at 38.36 in today’s trading.

(Photo credit: Universal Forest Products, Inc.)

Louisiana Pacific Industries Sales Rise 48.6% over Q1 2012

May 8th, 2013 Comments off

NASDAQ says Louisiana Pacific Industries, Inc. (LPX) reports in the first quarter of 2013 adjusted earnings per share of $0.41 from continuing operations, in line with Zacks Consensus Estimate, and a strong turnaround from the six cent loss per share for the same period in 2012. Net sales for Q1 increased 48.6 percent year-over-year to $538 million, although Zacks had projected sales of $544 million. Pre-tax earnings were $121 million as opposed to $21 million for the first quarter of 2012. As MHProNews understands, LPX is a component supplier to the manufactured housing industry.

(Photo credit: Wikipedia)