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Drew Industries Included in Top 50 U. S. Manufacturers

July 14th, 2016 Comments off

drew_industries_logo postedDailyBusinessNewsMHProNewsTwo Elkhart, Indiana-based companies involved in the production of recreational vehicles (RV) have been named to the list of the nation’s best 50 manufacturers. IndustryWeek, a national trade publication, annually ranks manufacturers on factors that include total revenue, growth and inventory turnover.

RV manufacturer Thor Industries was named fifth in the nation, and based on what southbendtribune tells MHProNews, Drew Industries, Inc. (NYSE:DW), the parent company of Lipppert Components, was ranked 11th. Drew is a component supplier to the manufactured home and RV industries.The only other ranked Indiana-based company was Lafayette-based Wabash National Corp.

Apple Inc., Polaris Industries, Inc., and Deluxe Corp took the top three spots, in that order. Drew is a publicly-traded stock that MHProNews follows on its daily stock report, as seen here for July 14. ##

Patrick Industries Increases Content per RV Unit 27%

May 29th, 2014 Comments off

A dollar invested in Patrick Industries, Inc. (NASDAQ:PATK) in 2008 would be worth $45 to the investor by the end of 2013, according to motleyfool.com. Headquartered in Elkhart County, Indiana, Patrick produces and distributes a wide range of products to the manufactured housing (MH) and recreational vehicle (RV) markets. The same dollar invested in a conglomerate of eight peer companies like Thor Industries (NYSE:THO) and Drew Industries (NYSE:DW), also a supplier to the MH and RV industries, would have returned $7.50 over the same time period.

MHProNews.com understands Patrick drove revenue growth by selling new products to existing customers, and upgraded its manufacturing and distribution equipment. Also headquartered in Elkhart County, Drew supplies chassis and other components to the same two markets, and is similarly offering more products to their market. Patrick increased its RV content per unit from $1,048 in 2012 to $1,338 in 2013, a bump of 27 percent, while Drew’s rose more modestly from $2,690 in 2012 to $2,716 in 2013. ##

(Image credit: Patrick Industries, Inc.)

Drew Industries Makes the Grade

September 25th, 2013 Comments off

Combining the manufactured housing (MH) and recreational vehicle (RV) industries together, investors.com ranks the combination 19th out of 197 industry groups that Investors Business Daily (IBD) tracks. The group has seven members but only three are significant, MHProNews has learned. Manufactured housing’s sister business Thor Industries (THO) ranks number one, followed by Winnebago Industries (WGO) in the second spot, and Drew Industries (DW) fills out the third position due to its strong earnings growth over the last three years. Through its subsidiaries, Lippert Components, Inc. and Kinro, Inc., Drew supplies components to the MH and RV industries. Drew closed up in today’s trading, +0.32% to end the session at 43.84.

(Image credit: Drew Industries, Inc.)

Drew Draws Top RV Industry Number

July 8th, 2013 Comments off

Drew Industries, Inc., (NYSE:DW) had one of the highest return on assets (ROA) of all the recreational vehicle (RV) stocks on the New York Stock Exchange (NYSE). The parent company of Lippert Components and Kinro Inc., Drew has a trailing-twelve-month ROA rate of 9.37 percent, behind Polaris Industries with 22.44 percent return on assets and Thor Industries with a 10.26 percent. According to Benzinga, Drew had $4.03 million in cash for the most recent quarter. As MHProNews, Drew is also a major component supplier to the manufactured housing industry.

(Image credit: Drew Industries, Inc.)

RV/MH Museum Fundraiser Exceeds Goal

July 26th, 2012 Comments off

Following up on our article July 16, 2012, MHProNews has received word the RV/MH Hall of Fame and Museum has far surpassed its goal of raising $100,000 to match the Ingram family challenge in order to keep the Museum open. $10,000 short of their goal only two weeks ago, and with a month left to go, Jim Hammill, president of Roadtrek Motorhomes, Inc. of Canada contributed the $10,000 to put the challenge over the top. In addition, Derald and Wilber Bontrager of Jayco, Inc. each donated $5,000 to put the goal at 110%. This week, Thor Industries president Bob Martin presented the Hall with two checks totaling $50,000 honoring Thor co-founder Wade F.B. Thompson—$25,000 from Thor Industries, Inc., and $25,000 from the Thompson Family Foundation, Inc. Darryl Searer, president of the Hall, says, “The success of this fundraiser is a bold statement that people and companies in the RV/MH industries want the Hall to succeed and prosper. I cannot thank all of those who contributed enough for their generosity.” The total so far has hit $161,425, but Searer expects more to come in from the Brick Program promotion.

Goal 90% Complete

July 16th, 2012 Comments off

Contributions to the RV/MH Hall of Fame and Museum have reached 90 percent of the $100,000 Ingram Family Challenge Grant. When Darryl Searer, president of the Hall, asked for a couple of angels to step forward on July 3, he got his wish: Roy Beck, retired co-founder of The Beck Corporation, and Jason Lippert, chairman of Lippert Components, Inc., each donated $10,000 and Bill Fenech, former Thor Industries executive, kicked in $5,000. With only $9,945 to be raised by the Aug. 31 deadline, Searer says, “I’m hopeful that we can reach our goal by August 6 which is the date of the Class of 2012 Induction Dinner and Annual Golf Classic. It would be a great addition to the celebration to be able to announce during those ceremonies that we have reached our goal ahead of schedule.” MHProNews.com has learned Robert ‘Boots’ Ingram got his nickname from wearing oversized boots when he was a child working in his father’s meat shop.

(Photo credit: TrailerLife–Robert ‘Boots’ Ingram)

Class Action Suit Settled

April 24th, 2012 Comments off

The largest mass settlement to date of claims over the FEMA travel trailers supplied to victims of Hurricane Katrina was agreed to by nearly a dozen manufacturers including Thor Industries, Recreation by Design, Play-Mor Trailers, Cruiser RV and Skyline. According to TheNewsStar, the $14.8 million was based on occupants sickened by the higher than acceptable levels of formaldehyde, a known carcinogen. U.S. District Judge Kurt Engelhardt must now approve the deal. He has presided over three other settlement claims against manufacturers of FEMA travel trailers; in all three cases the companies won. People who lived in the trailers following Katina are eligible for their share which will be determined by a court-appointed agent. If the deal goes through, MHProNews.com has learned, nearly half of the money will go for legal and other costs.

(Photo credit: GovernmentAuctions)