Featherlite Inc. reported sharply lower first quarter earnings and announced it has opened a new luxury motorhome sales center in Coburg, Ore.
The manufacturer of the Vantare and Vogue brands of highline Class A’s reported its first quarter earnings declined 90% to $64,000, compared with $652,000 earned during the first three months of 2000.
The company’s sales revenue declined 6% during the first three months of this year to $64.7 million.
Lower sales of specialty trailers was the primary reason for Featherlite’s decline in revenue. Its sales of new motorhomes increased 38% in dollar terms during the first three months of this year, although its sales of used motorhomes was sharply lower. Consequently, Featherlite’s luxury motorhome coach division had only a 1% increase in sales.
The new sales center in Coburg, a suburb of Eugene, Ore., opened on Tuesday (May 1). It is along Interstate 5 and the Coburg operation is intended to “further enhance Featherlite’s national network of coach sales centers to provide added convenience to our West Coast markets,” according to the company.