Driven by strong performance in the manufactured housing and lodging sectors, interior furnishings supplier Decorator Industries Inc. more than doubled first quarter earnings despite a 12% decline in revenue from its recreational vehicle business.
The Pembroke Pines-based firm reported earnings of $418,336 on sales of $12.43 million for the three-month period ended April 2. For the similar period last year, Decorator Industries posted income of $200,884 on revenue of $12.79 million.
Last year’s results included $399,349 in pre-tax charges for the company’s January 2004 purchase of Fleetwood Enterprises’ drapery operation.
Decorator Industries said manufactured housing sales increased 10% for the quarter while lodging revenue improved 17% compared to last year.