Aluminum, steel and vinyl products supplier Euramax International Inc. reported a $2.1 million net loss during the first quarter due, in part, to a 19.9% decline in sales to U.S. RV producers.
The loss reported by Norcross, Ga.-based Euramax compares with a profit of $1.4 million earned during the first quarter of 2000.
Euramax sales revenue declined 8% during the first three months of this year to $131.2 million.
J. David Smith, president and CEO, said Euramax’ “U.S. business activity in the first quarter began to pick up compared to the latter part of 2000.
“While trailing last year, we believe the table has been set to improve our performance in 2001 compared to 2000,” Smith continued. “We have achieved much needed price increases and cost reductions and, while the outlook remains uncertain, we are encouraged by recent order activity in our core U.S. markets.”
During 2000, sales to RV producers accounted for 14% of Euramax total revenue of $599.5 million.