Dura Automotive Systems Inc., parent of RV industry supplier firms Atwood Mobile Products and Excel, reported its third quarter earnings declined 9% to $10.3 million.
The Rochester Hills, Mich.-based company blamed its lower earnings on “continued weakness in the recreational vehicle market (including the van conversion segment), declines in the European currencies versus the U.S. dollar and production cuts related to the Firestone tire recall.”
Dura’s sales increased 1% during the three months ended Sept. 30 to $587.1 million.
During the first nine months of this year, Dura’s earnings climbed up 26% to $38.2 million and its sales were up 29% to $1.98 billion.
Dura shares trade on the Nasdaq Stock Market.