Canadian-based recreational vehicle manufacturer Glendale International Corp. today reported increased sales and earnings for the first quarter of fiscal 2006, ended March 3.
The company, parent to Glendale Recreational Vehicles/Travelaire Canada with interests in the aerospace and aviation sectors, posted net earnings during the three-month period of $0.8 million compared with $0.2 million a year ago while revenues rose 4.2% to $38.6 million from $37 million.
Edward C. Hanna, CEO and chairman of the Oakville, Ontario firm, also reported that first-quarter RV sales increased to $21.4 million from $20.6 million the previous year.
He noted: “In our recreational vehicles business, we saw the first quarter-over-quarter sales growth in over two years as our 2006 model line and strong demand in Western Canada for specialty trailers contributed to sales growth of 3.6% for the quarter, despite the challenges inherent in the stronger Canadian dollar.”