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Actuant Corp., parent of RV slideout suppliers Power Gear and Dewald, reports a surge in orders from RV industry customers during the three months ended Feb. 28.
“The positive market development during the (December-through-February) quarter took place in RV, where we experienced more than a 35% increase in core sales,” said Robert Arzbaecher, president and CEO of the Milwaukee-based firm.
“In total, RV sales this (second fiscal) quarter more than doubled as a result of market growth and the acquisition of Dewald on March 1, 2001,” Arzbaecher continued. “Our challenge has been to ramp up our supply chain and operations to meet the surge in orders.”
Sales to the RV sector was the lone bright spot during Actuant’s second fiscal quarter, Arzbaecher added. “Other than the recent surge in demand for RVs, all of our North American businesses had year-over-year sales declines due to weak economic conditions,” he said.
Actuant, a manufacturer of position and motion control systems and branded tools, reported its total sales revenue was down 6% during the three months ended Feb. 28 to $108.4 million and that its total sales during the six months ended Feb. 28 were down 6% to $221.5 million.
The company’s net earnings increased 30% during the December-through-February period to $4 million, but its net profit was down 81% during the six months ended Feb. 28 to $1.4 million.