Drew Industries (DW) Reports Worse-Than-Expected Q1 Loss
DW Hot Sheet
Revenue Growth %: +32.4%Financial Fact:
Gross profit: 44.82M
Today's EPS Names:
TARO, BRLI, TLB, More
Drew Industries Inc. (NYSE: DW) reports Q1 loss of $0.34, ex-items, worse than the analyst estimate of $0.09 loss. Revenue for the quarter fell 55% to $71 million, versus the consensus of $86.1 million.
In recent weeks, the RV industry has experienced some seasonal increase in demand, although the Company cannot predict whether this increased demand will continue, as it is still very difficult for dealers and consumers to obtain financing. Historically, the RV and manufactured housing industries have been seasonal, with the first and fourth quarters normally the weakest, and second and third quarter results traditionally stronger.
In recent weeks, the RV industry has experienced some seasonal increase in demand, although the Company cannot predict whether this increased demand will continue, as it is still very difficult for dealers and consumers to obtain financing. Historically, the RV and manufactured housing industries have been seasonal, with the first and fourth quarters normally the weakest, and second and third quarter results traditionally stronger.
You May Also Be Interested In
- UPDATE: Bristow Group (BRS) Reports Better-Than-Expected Q4 Results; Offers FY13 Outlook
- Infoblox (BLOX) Tops Q3 EPS by 4c; Guides Q4
- Toro Co. (TTC) Tops Q1 EPS by 13c; Guides FY12 EPS Above Views; to Split Stock
Create E-mail Alert Related Categories
Earnings, GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
