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Article: Coachmen Industries, Inc. Generates Positive Operating Cash and First Quarterly Profit From Buses Despite Consolidated Third Quarter Loss.
- Article from:
- Ecology, Environment & Conservation
- Article date:
- November 13, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Coachmen Industries, Inc. announced its financial results for the third quarter ended September 30, 2009.
"Despite many predictions in the popular and trade press that the housing market would turn in the second half of this year, through the third quarter, our Company saw no sales evidence of any rebound in the housing markets; the beginning of the end of the slide, a bottoming, perhaps, but no sign of any increase," commented Richard M. Lavers, President and Chief Executive Officer. "Year-over-year comparisons were affected by the decrease in sales revenue due to the housing markets, however, I am very pleased that we generated positive cash flow from ...