Specialty aluminum trailer and bus conversion motorhome manufacturer Featherlite Inc. returned to profitability during the second quarter, posting net earnings of $898,000.
In comparison, Featherlite earned a little more than $1 million during the second quarter of 2002.
The company’s sales revenue during the three months ended June 30 declined 1% to $47.4 million, compared with $47.6 million during the April-through-June portion of 2002.
During the first half of this year, Featherlite’s profits declined 90% to $222,000, compared with $2.1 million earned a year earlier.
The company’s sales declined 18% during the six months ended June 30 to $89.1 million, compared with $108.2 million a year earlier.
“Trailers are selling through to the retail customers at the dealer level and we are optimistic that the luxury (motor) coach business will continue to improve,” said Conrad Clement, chairman and CEO.
“Though we remain cautious, we are encouraged by the company’s improved profitability in the second quarter,” Clement added.