Decorator Industries Inc., a supplier of interior furnishings to the RV, manufactured home and hotel-motel industries, reports is first-quarter sales to RV industry customers increased by 35%, outpacing the RV industry’s 18.7% shipments growth during the first three months of the year.
The Pembroke Pines, Fla. company’s total sales revenue increased 31% to $12.8 million, compared with $9.8 million a year earlier.
Meanwhile, Decorator’s first-quarter net earnings increased 39% to $429,000, compared with $308,000 a year earlier.
Included in Decorator’s first-quarter sales was $1.1 million in revenue from the drapery manufacturing operation in Douglas, Ga., which Decorator bought from Fleetwood Enterprises Inc. on Jan. 23.
“We expect to complete the transfer of production from Douglas to (other Decorator) plants sometime during the third quarter,” Chairman William Bassett said.
Concerning the manufactured housing industry, Decorator, an American Stock Exchange-listed company, reports its sales to companies in the industry were “essentially flat” during the first quarter compared with the same period a year earlier.
Although manufactured home shipments declined 4.8% during the first quarter, they were up by 8.1% in March, suggesting that that industry might finally be rebounding, Bassett said.
Consequently, Bassett added, “We believe that both the short-term and long-term outlook for Decorator Industries is very positive.”