Interior furnishings supplier Decorator Industries Inc., Pembroke Pines, Fla., reported a net loss for its third quarter, citing lower demand in its core recreational vehicle and manufactured housing industries.
“Both the RV and MH manufacturers are currently operating at lower volumes when compared to a year ago,” said Chairman William Bassett. “The weakness in motorhome shipments, which began in early 2005, has continued, and towable shipments have softened since August.”
Bassett also noted the disparity in year-over-year comparisons for both sectors due to increased demand from hurricane-related emergency units during the third quarter of 2005.
Third-quarter sales totaled just under $12.5 million compared with $12.6 million a year ago while the company reported a net loss of $186,881 versus net income of $347,052.
For the nine months, net income fell to $673,771 from just over $1 million the year prior and sales increased to $41.6 million compared with $38.3 million.
Decorator said that RV-related sales increased 2% to $7.4 million for the quarter and were up 15% to $24.8 million for the nine months.