> SUBSCRIBE FOR FREE! 

Specialty trailer and bus conversion manufacturer Featherlite Inc. reports it earned a little more than $1 million during the second quarter despite a 17% drop in sales revenue.
The company’s net profit during the three months ended June 30 compares with a $4.1 million net loss incurred during the same portion of 2001.
A major reason for the net loss during the second quarter of 2001 and the 17% decline in sales revenue during the second quarter of this year was the closure of Featherlite’s highline Class A motorhome production plant in Pryor, Okla., where the Vogue brand of motorcoach was manufactured. The Vogue plant was closed permanently during the second quarter of last year.
Featherlite continues to convert Prevost bus shells into luxury motorcoaches that it sells under the Vantare brand name. Its bus conversion operation is in Sanford, Fla.
Featherlite’s sales revenue during the second quarter of this year totaled $47.6 million, compared with $57.4 million a year earlier.
The company’s motorcoach sales revenue, both new and pre-owned, was down 38% during the April-through-June portion of this year. Its specialty aluminum trailer sales revenue was up 6% during the period.
“Although gross sales in the second quarter were down, our sales levels and net income were both in line with company expectations,” said Conrad Clement, chairman and CEO.
During the first half of this year, Featherlite earned a total of $2.1 million, compared with a net loss of $4.1 million incurred a year earlier.
The company’s sales revenue declined 11% during the first half of this year to $108.2 million.