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Cummins Reports First Quarter Loss

Cummins Inc., supplier of diesel engines and Onan generators to RV industry customers, reports it lost $29 million during the first quarter, but Chairman Tim Solso believes “the worst is behind us.” The loss during the three months ended March 31 compares with a loss...

Spartan Motors Earnings Up 126%

Exceptionally strong growth in demand for diesel pusher chassis helped Spartan Motors Inc.’s first quarter net earnings to grow by 126%, the Charlotte, Mich.-based company announced today (April 25). Spartan earned $3.3 million during the three months ended...

Spartan Stock Reaches New High

Spartan Motors Inc. stock climbed to a new 52-week high today (April 25) after the company reported that its first quarter earnings more than doubled. Spartan stock climbed as high as $11.50 a share today, surpassing its previous 52-week high of $10.91. The Nasdaq...

Higher Gas Prices Not Hurting RV Rentals

Gasoline prices climbed sharply in March but the higher cost for gas is not hurting RV rental reservations for this summer, according to spokesmen for Cruise America and El Monte RV, the two largest RV rental firms. It appears that gas prices have now plateaued around...

Kemlite Sales Improve

Fiberglass reinforced panels (frp) supplier Kemlite helped boost first quarter profit margins within the Engineered Materials division of its parent, Crane Co. of Stamford, Conn. The first quarter operating profit at Crane’s engineered materials division increased 31%...

Drew Stock Closes Sharply Higher

Even though it reported a $26.4 million first quarter net loss today (April 24) due to an accounting technicality, the price of Drew Industries Inc. stock climbed $2.09 a share, or 16.5%, higher to close at $14.79. Drew’s stock price increased, most likely, because...

ASA Audiovox Opens Oregon Warehouse

Mobile electronics supplier/distributor ASA Audiovox Specialized Applications, Elkhart, Ind., has opened a new distribution center in Portland, Ore. “The expansion of our distribution network into the Pacific Northwest means we now will be able to provide our...