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Article: Coachmen Industries, Inc. Announces Improved Second Quarter, Profitable June.
- Article from:
- Investment Weekly News
- Article date:
- August 15, 2009
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Coachmen Industries, Inc. announced its financial results for the second quarter ended June 30, 2009.
"Overall, sales are less than one half what they were in 2008 as we continue to remain mired in the worst housing market in the last hundred years," commented Richard M. Lavers, President and Chief Executive Officer. "However, our business is beginning to show significant improvement. We have shaved our losses to one third of what they were in the first quarter. We have experienced three months of modest but sequential revenue improvement, and both segments of our business posted modest profits in June. This is directly attributable to success in obtaining major ...