Aftermarket supplier Bell Industries Inc. today (May 16) reported a wider net loss for the El Segundo, Calif.-based firm’s first quarter, ended March 31.
The company, which serves the RV and marine industries through its recreational products division in Eagan, Minn., had first-quarter revenues of $27.2 million compared with $28.7 million the previous year while posting a net loss of $1.3 million versus a net loss of $677,000.
First-quarter sales for the recreational products group fell to $10.7 million from $11.4 million a year ago. Bell said the decline is attributed to “adverse economic conditions and higher fuel costs and the associated impact on the recreational vehicle and boating markets.” Operating income for the division declined to $190,000 for the 2006 first quarter from $218,000 a year earlier.
For the company’s largest operating unit, Bell’s Technology Solutions business, revenues were $14.3 million compared with $15.4 million in the prior year.