Drew Industries (DW) Reports Worse-Than-Expected Q1 Loss
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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.
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