REXHALL REVENUES REVVED UP, READY TO GO MOTOR HOME ORDERS SWAMP COMPANY.Byline: Daily News LANCASTER - Rexhall Industries Inc. announced higher revenues and income for its first quarter ended March 31 compared with the first quarter of 2001. The Lancaster-based motor-home manufacturer said net revenues for the first quarter increased 14 percent to $17.4 million from $15.3 million for the same quarter in 2001. Gross profit for the quarter was $2 million, versus $1.7 million last year. Net income for the quarter was $181,000, or 6 cents per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, compared with net income of $119,000, or 4 cents per diluted share, last year. ``It appears that Rexhall and the Class A market are gaining momentum, which might be a good indication that the economy as a whole is on its way to a slow, but steady recovery,'' stated William J. Rex, Rexhall Industries president, chairman and chief executive officer. ``Industrywide in·dus·try·wide adv. & adj. Throughout an entire industry: sales that have decreased industrywide; industrywide cooperation. shipments increased nearly 16 percent over the previous quarter ended Dec. 31, 2001, while Rexhall's shipments increased 32 percent versus last quarter. This was our best quarter of shipments in more than a year.'' Rex said dealers are seeing growing retail demand and are responding with more orders. ``It also appears that retail sales are keeping up with the increase in shipments to dealers, so we're not just filling up the dealers' lots,'' he said. Rexhall Industries Executive Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Michael Bourne Michael Bourne was a fictional character in the US soap opera Sunset Beach portrayed by American actor Jason Winston George during the show's entire run. Character History The Beginning Michael was always a good person. said it wasn't until April before some major suppliers, especially chassis Pronounced "chah-see," it is a physical structure that holds everything or that everything is attached to. A computer's cabinet is often called the chassis. suppliers, were able to catch up to the increase in demand. ``This led to a constant juggling of production schedules, which when coupled with some other operating inefficiencies that are inherent with a 33 percent increase in production, created pressure on our margins,'' Bourne Bourne, town (1990 pop. 16,064), Barnstable co., SE Mass., crossed by Cape Cod Canal; settled 1627, inc. 1884. Bourne Bridge (1935), across the canal, made the town an entry point to Cape Cod and a resort and commercial center. said. The company is making some improvements to its production lines and inventory management, he said. The order backlog is still greater than two months of production, officials said. Rexhall Industries sells five lines of Class A motor homes, including RoseAir, RexAir, Aerbus, Vision and American Clipper clipper, type of sailing ship, designed for speed. Long and narrow, the clipper had the greatest beam aft of the center; the bow cleaved the waves; and the ship carried, besides topgallant and royal sails, skysails and moonrakers—a veritable cloud of sails. . |
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