Friday, November 17, 2006
NATIONAL RV 3RD QUARTER LOSS WIDENS
PERRIS, Calif. (AP) -- National R.V. Holdings Inc., a maker of recreational vehicles, said Friday its third-quarter loss widened as sales slipped, and the company had to repair defective motor homes.
National, which owns National RV and Country Coach, reported a loss of $7.1 million, or 68 cents per share, versus a year-ago loss of $5.9 million, or 57 cents per share.
Sales fell 15 percent to $92 million from $108.2 million last year, continuing a trend of lower sales in the overall RV market.
The company also was burdened by having to repair 74 motor homes affected by defective materials.
National, which owns National RV and Country Coach, reported a loss of $7.1 million, or 68 cents per share, versus a year-ago loss of $5.9 million, or 57 cents per share.
Sales fell 15 percent to $92 million from $108.2 million last year, continuing a trend of lower sales in the overall RV market.
The company also was burdened by having to repair 74 motor homes affected by defective materials.
