Spurred in large part by strong sales in the RV sector, Decorator Industries Inc. posted a 33% sales increase to $14.3 million for the second quarter ended July 3, the supplier reported today (Aug. 16).
For the first six months of the year, the company, which provides interior furnishings to the RV, manufactured home and hotel-motel industries, saw sales rise 32% to $27.1 million, the firm stated.
Net income for the second quarter increase of 19% to $592,969, and rose 27% to $1 million year-to-date.
“These results were largely driven by increased sales to our RV and hospitality customers,” explained William Bassett, chairman of the Pembroke Pines, Fla.-based firm.
“Excluding sales related to the acquisition of Fleetwood’s Drapery operation, total sales increased approximately 17% in the second quarter, about 18% for the first six months of 2004 compared to the respective year-ago periods,” Bassett added.
Decorator purchased the Riverside, Calif.-based OEM’s drapery business, located in Douglas, Ga., in early 2004.
“Sales to our RV customers increased about 36% in the second quarter and 40% for the first six months of 2004 compared with the same periods a year ago, partially due to the acquired Fleetwood sewing business,” Bassett continued.