Briefly.Byline: The Register-Guard RV maker boosts sales, reduces losses for third quarter Despite a surge in third-quarter sales, National R.V. Holdings National R.V. Holdings (NYSE:NVH) is a company from the north of Perris, California, that makes recreational vehicles. The company is divided into two subsidiaries: National R.V., Inc., (diesel and gasoline RVs), and Country Coach, Inc. (diesel RVs only). Inc. remains mired mire n. 1. An area of wet, soggy, muddy ground; a bog. 2. Deep slimy soil or mud. 3. A disadvantageous or difficult condition or situation: the mire of poverty. v. in red ink red ink Health administration A popular term for financial losses. Cf in the Black. . The parent company of Country Coach Inc. in Junction City Junction City, city (1990 pop. 20,604), seat of Geary co., NE Kans., at the confluence of the Republican and Smoky Hill rivers; inc. 1859. The rail, trade, and processing center of an agricultural and dairy area, it grew as the supply point for nearby Fort Riley, on Tuesday said it lost $300,000, or 3 cents a share, for the quarter, compared to a loss of $9.8 million, or $1 per share, in the third quarter of 2002. Sales for the period ended Sept. 30 hit $91.3 million, up from $72.4 million a year earlier. Brad Albrechtsen, the National R.V.'s chief executive, said the company is fast approaching profitability through increased consumer demand and continued cost cutting at factories in Junction City and Perris, Calif. Nationally, RV shipments from factories to dealers are up 2 percent through August compared to the same period last year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Recreational Vehicle Industry Association. Investors hailed National RV's results, sending its stock to a 52-week high on Wednesday. The stock closed at $10.20. As it boosts production, Country Coach has added 200 jobs at the Junction City factory in the past six months, bringing employment there to 1,100. OREGON Auto dealer Lithia lith·i·a n. See lithium oxide. [New Latin, from lithion, from Greek, diminutive of lithos, stone.] Motors sees sales increase, profits jump MEDFORD - Lithia Motors, with four auto dealerships in Eugene-Springfield, reported a 20 percent jump in third-quarter profits, on a 6 percent rise on sales. The Medford-based firm said it earned $12.9 million, or 69 cents a share, in the period ended Sept. 30, compared with $10.7 million, or 59 cents a share, in the year-ago quarter. Revenue rose 6 percent, to $728.3 million. Lithia operates 78 auto dealerships in 12 states. The firm said it sold 27,788 new and used vehicles in the quarter. |
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