Aluminum supplier Euramax International Inc. reported a third quarter loss in part because its RV industry sales were down 13% in the July through-September period.
The Norcross, Ga.-based company lost $544,000 during the three months ended Sept. 29, compared with a profit of $4.1 million earned during the third quarter of 1999.
Euramax’ sales were up 4.5% in the third quarter to $159.5 million because the company made acquisitions during April.
For the nine months ended Sept. 29, Euramax reported its earnings declined 60% to $4.2 million even though its sales increased 5.5% to $465.5 million.
Despite the current sluggishness, Euramax “remains bullish” on the RV industry because “demand for RVs is expected to be robust for many years as the Baby Boomer population continues to approach the age of first-time buyers,” said J. David Smith, president and CEO.
The industry’s GoRVing advertising campaign “has shown outstanding results” and will reduce the industry’s volatility over the next few years, Smith added.