Corporate Profile for Drew Industries, July 10, 1998.WHITE PLAINS, N.Y.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.
Published Date: July 10, 1998
Company Name: Drew Industries
Address: 200 Mamaroneck Avenue
White Plains, NY 10601
Main Telephone
Number: 914/428-9098
Chief Executive
Officer: Leigh J. Abrams
Chief Financial
Officer: Fredric M. Zinn
Investor Relations
Contact: Leigh Abrams/Fred Zinn
Business number: 914/428-9098
Public Relations
Contact: Leigh Abrams/Fredric Zinn
Business number: 914/428-9098
Trading Symbol/
Exchange: DW - American Stock Exchange
Industry: Suppliers to Manufactured Housing and Recreational
Vehicles.
Company description: Drew Industires, through its Kinro, Lippert Lippert is a German surname, and may refer to:
tr.v. gal·va·nized, gal·va·niz·ing, gal·va·niz·es 1. To stimulate or shock with an electric current. 2. roofing, and distributes new and refurbished tires for manufactured home (85% of sales). The company also manufactures windows, doors and chassis for recreational vehicles (15% of sales). A manufactured home (MH), with an average price of $35,000 is an affordable single-family sin·gle-fam·i·ly adj. Relating to or being a dwelling designed for one family only: a single-family home; single-family occupancy. , factory-built house. MHs are constructed on a chassis and are transportable in one or more sections. MHs are often installed on a permanent foundation and typically contain plumbing plumbing, piping systems inside buildings for water supply and sewage. The Romans had a highly developed plumbing system; water was brought to Rome by aqueducts and distributed to homes in lead pipes—hence the name plumbing from the Latin word plumbum , heating, air-conditioning air-conditioning Control of temperature, humidity, purity, and motion of air in an enclosed space, independent of outside conditions. In a self-contained air-conditioning unit, air is heated in a boiler unit or cooled by being blown across a refrigerant-filled coil and then and electrical systems. The company's axles and tires are used to transport MHs to the home site, and are then often repurchased and refurbished by the company. The chassis remains attached to the MH when it is ultimately secured to the foundation. A recreational vehicle (RV) is a traveling home. The three main categories of RVs are (i) towables with average prices of $4,000 to $20,000; (ii) motor homes ($30,000 to $100,000); and (iii) van conversions (about $25,000). The company's products are mostly used in towables, and to a lesser extent motor homes, but not in van conversions. T* Financial Information 1995 1996 1997 ------- ------ ------- Net Sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight (000's) $ 100.1 $ 168.2 $ 208.4 Net Income (000's) $ 8.1 $ 12.6 $ 12.0 EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. $ .82 $ 1.18 $ 1.22 Stock Price - High $ 8.19 $ 13.62 $ 14.38 - Low $ 4.19 $ 6.75 $ 10.63 T*
CONTACT: Drew Industries Incorporated, New York
Leigh Abrams/Fredric Zinn, 914/428-9098
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