Interior furnishings supplier Decorator Industries Inc. today (Feb. 28) reported relatively flat earnings and sales for the company’s full year, ended Dec. 31, despite a boost in fourth-quarter recreational vehicle revenues from hurricane-related orders.
“The reduction in our RV sales for fiscal 2005 was directly related to lower production of travel trailers and motorhomes by our customers,” said William Bassett, chairman for the Pembroke, Fla.-based firm, which also supplies the manufactured housing and hospitality industries. “The increase in our fourth quarter RV sales was due to our shipments of FEMA orders, which accounted for about 14% of our RV sales.”
For the full year, Decorator posted net income of nearly $1.36 million compared with $1.39 million a year ago while sales increased to $50.5 million from $50.4 million.
Fourth-quarter net income fell to $358,109 from $360,182 the previous year. Sales during the three-month period rose to $12.2 million compared with $11.2 million.
“We will continue to pursue opportunities for growth from both internal expansion and acquisitions,” Bassett said. “We are committed to increase our market share and productivity, the long-term drivers of our past successes. We are resolved to being the supplier of choice in each of our markets we serve.”