CL King Upgrades Drew Industries (DW) to Buy
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Drew Industries Reports 2016 Third Quarter Results
November 3, 2016 7:30 AM EDTELKHART, Ind., Nov. 3, 2016 /PRNewswire/ -- Drew Industries Incorporated (NYSE: DW), a supplier of components for the leading original equipment manufacturers ("OEMS") of recreational vehicles ("RVs") and adjacent industries, and the related aftermarkets of those industries, today reported consolidated net sales in the third quarter of 2016 increased to $412 million, 19 percent higher than the 2015 third quarter. Net income was $29.8 million, or $1.19 per diluted share, for the third quarter ended September 30, 2016, compared to net income of $17.3 million, or $0.70 per diluted share, for the third quarter ended September 30, 2015.
The increase in year-over-year net sales... More
