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Posts Tagged ‘quarter results’

AMG to Announce First Quarter Results

April 23rd, 2013 Comments off

Investors reports Affiliated Managers Group, Inc. (NYSE:AMG) will report its financial results for the first quarter ending March 31, 2013 in a teleconference call on April 30, 2013 at 11 AM EST. Senior management will discuss quarterly results, and may include discussion of future financial operations. The live call and replay can be accessed at http://www.amg.com/InvestorRelations/. MHProNews has learned AMG is a global asset management company, managing $432 billion in a variety of investment styles and asset classes in nearly 40 countries around the globe.

(Image credit: Affiliated Managers Group, Inc.)

Cavco Announces Q1 Financials

August 3rd, 2012 Comments off

MarketWatch says Phoenix-based Cavco Industries, Inc. (CVCO: +3.63% Aug. 2) reported net sales for the first quarter of fiscal year (FY) 2013 totaled $118,781,000, representing a 20% increase over the $98,981,000 net sales for the first quarter of FY 2012. First quarter 2013 net income was $1,618,000 as compared to $20,688,000 for the same period in 2012. Included in net income for the first quarter of FY 2012 was $22,009,000 representing Cavco’s ownership percentage of the Palm Harbor transaction that occurred April 23, 2011. Commenting on the first quarter results, Vice president and Chief Financial Officer Dan Urness said, “Gross profit as a percentage of net sales increased 4.0% to 20.3% for the first quarter of fiscal 2013 versus 16.3% for the same quarter in the prior year. The increase is primarily attributable to having the full quarter benefit of the generally higher margin Palm Harbor retail and finance businesses versus a partial quarter last year, given the transaction closing date of April 23, 2011.” Cavco will hold a conference call Fri. Aug 3, 2012 at 12:00 noon eastern time to discuss these results. As MHProNews has learned, Cavco designs and produces manufactured and modular homes as well as park model homes, vacation cabins, and commercial structures, and also provides financial services to consumers. Cavco gained +0.25% on the stock market today.

(Image credit: Cavco Industries, Inc.)

Drew Industries Reports Q4 Results

February 13th, 2012 Comments off

Hurt by high material and production costs, Drew Industries, Inc. announced fourth quarter earnings lower than expected. According to information MHProNews.com has received from Reuters, the RV and MH component maker saw net sales rise 50 percent to $160 million, and income rise by $1 million to $4.1 million over the previous year. Still, analysts expected per share profit to hit 20 cents per share, instead of the eighteen cents per share attained for the White Plains, NY based conglomerate. In a statement, Drew said “The short-term factors which adversely affected Drew’s fourth-quarter results were almost entirely related to the RV segment.” Drew is the parent company of Lippert Component Mfg., Inc., and Kinro Mfg. Inc., of northern Indiana. Drew’s stock gained 8.21 percent in today’s trading to close at 28.72.

(Graphic credit: Drew Ind.)