Sales declined 8% for Canadian recreational vehicle and electronics maker Glendale International Corp. in its second quarter while income fell to $1.1 million (Canadian) from $1.7 million.
The company, parent to Glendale Recreational Vehicles/Travelaire Canada, reported sales of $44.5 million during the period, ended June 2, compared with $48.4 million a year ago.
The Oakville, Ontario, firm said sales of specialty trailers were strong and the Firan Technology Group Corp. electronics subsidiary had its best-ever top line, but RV sales were dragged down by high fuel costs and the strong Canadian dollar.
“While our overall RV business experienced weaker sales, our Travelaire division based in Red Deer, Alberta, benefited from the continued strength of resource-based industries in Western Canada, with sales of our specialty trailers doing exceptionally well,” stated Chairman and CEO Edward Hanna.
Second-quarter RV sales were $25.1 million, down from $29 million a year earlier.
Looking ahead, Hanna said Glendale expects a new line of 12-foot-wide recreational park trailers “will help mitigate the effects of higher fuel prices and competitive pricing pressures resulting from changes in currency valuation.”