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Glendale International Corp., based in Oakville, Ontario, Canada, reported a slight decrease in sales for its RV manufacturing operations in the company’s fiscal third quarter ended Aug. 27.
RV builder Gendale Recreational Vehicle/Travelaire Canada recorded $25.6 million (Canadian) in sales during the three-month period compared to $26.8 million for the third quarter of last year. Operating earnings for the third quarter were $2.1 million compared to $2.5 million in the corresponding period last year.
According to parent Glendale International, the almost 5% decline in RV-related sales is a direct result of the delayed launch of the company’s 2005 product line. Glendale RV did successfully debut its product line approximately one month into the third fiscal quarter.
Glendale International reported a 15% increase in sales to $45 million for the third quarter and net earnings of $4.8 million.
Sales for the nine months ended Aug. 27 increased to $141.1 million from $131.5 million compared to the previous year. Net earnings for the nine months were $7.9 million, compared to $6.7 million for the corresponding nine-month period of the year prior.
Glendale International’s businesses include: Glendale Recreational Vehicles/Travelaire Canada, the largest Canadian RV manufacturer; A controlling position in Firan Technology Group Corp., the largest aerospace and defence supplier of advanced technology printed circuits in Canada and among the top 25 PCB manufacturers in North America; and, Fernau Avionics, a leading international supplier of ground-based air navigational systems for military, naval and civil aviation applications.