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Manufacturers Closely Watching Retail Turn

April 28, 2000 by · Leave a Comment 

Blame it on whatever you want — gas prices, interest rates or stock market jitters — there certainly are signs of a softening RV marketplace. A number of companies have their production employees working reduced hours, and there were reports of temporary plant shutdowns to bring production volume into balance with retail sales rates. National RV Holdings Inc., while posting softer earnings during the first quarter, predicts lower second quarter revenues based on “current retail... Read more

Manufacturers Closely Watching Retail Turn

April 28, 2000 by · Leave a Comment 

Blame it on whatever you want — gas prices, interest rates or stock market jitters — there certainly are signs of a softening RV marketplace. A number of companies have their production employees working reduced hours, and there were reports of temporary plant shutdowns to bring production volume into balance with retail sales rates. National RV Holdings Inc., while posting softer earnings during the first quarter, predicts lower second quarter revenues based on “current retail... Read more

Rexhall Reports Lower Sales and Earnings

April 28, 2000 by · Leave a Comment 

Class A motorhome manufacturer Rexhall Industries Inc. reported lower sales and earnings during the first quarter because of the Chapter 11 bankruptcy filing by its largest customer, the RV Supercenter dealership in Arizona. Rexhall’s earnings declined 23% to $964,000 and its sales were down 7% to $20.7 million during the three months ended March 31. RV Supercenter accounted for 16% of Rexhall’s sales revenue in 1999 and it currently is Rexhall’s only dealer in Arizona, according to the company. “Excluding... Read more

Rexhall Reports Lower Sales and Earnings

April 28, 2000 by · Leave a Comment 

Class A motorhome manufacturer Rexhall Industries Inc. reported lower sales and earnings during the first quarter because of the Chapter 11 bankruptcy filing by its largest customer, the RV Supercenter dealership in Arizona. Rexhall’s earnings declined 23% to $964,000 and its sales were down 7% to $20.7 million during the three months ended March 31. RV Supercenter accounted for 16% of Rexhall’s sales revenue in 1999 and it currently is Rexhall’s only dealer in Arizona, according to the company. “Excluding... Read more

Thor Continues Pursuit of Coachmen

April 28, 2000 by · Leave a Comment 

Thor Industries Inc. Chairman Wade F.B. Thompson is continuing his effort to acquire control of Coachmen Industries Inc., despite the rejection of his buy-out proposal by Coachmen’s board. In a document submitted to the Securities & Exchange Commission (SEC), Thompson revealed that Thor has distributed proxy cards to Coachmen shareholders, and he is asking Coachmen shareholders to use the cards to officially withhold their votes for nominees to Coachmen’s board. The proxy cards are to be... Read more

Thor Continues Pursuit of Coachmen

April 28, 2000 by · Leave a Comment 

Thor Industries Inc. Chairman Wade F.B. Thompson is continuing his effort to acquire control of Coachmen Industries Inc., despite the rejection of his buy-out proposal by Coachmen’s board. In a document submitted to the Securities & Exchange Commission (SEC), Thompson revealed that Thor has distributed proxy cards to Coachmen shareholders, and he is asking Coachmen shareholders to use the cards to officially withhold their votes for nominees to Coachmen’s board. The proxy cards are to be... Read more

Jayco Begins Factory Construction

April 28, 2000 by · Leave a Comment 

Jayco Inc. recently began building two new 87,000-square-foot factories on a 90-acre site just east of its main manufacturing complex in Middlebury, Ind. The two plants will house manufacturing operations for conventional travel trailers and fifth-wheels and permit Jayco to “significantly increase production to meet market demand.” The closely-held Jayco ranked No. 4 in towables production during 1999 with a 9.7% retail market share, according to Statistical Surveys Inc. Jayco announced... Read more

Jayco Begins Factory Construction

April 28, 2000 by · Leave a Comment 

Jayco Inc. recently began building two new 87,000-square-foot factories on a 90-acre site just east of its main manufacturing complex in Middlebury, Ind. The two plants will house manufacturing operations for conventional travel trailers and fifth-wheels and permit Jayco to “significantly increase production to meet market demand.” The closely-held Jayco ranked No. 4 in towables production during 1999 with a 9.7% retail market share, according to Statistical Surveys Inc. Jayco announced... Read more

Thor’s Offer Could Be Worth More Than $18

April 28, 2000 by · Leave a Comment 

The Thor Industries Inc. offer to buy Coachmen Industries Inc. currently is worth more than $18 a share because the stock portion of the offer “is pegged to a fixed exchange ratio,” Thor Chairman Wade Thompson revealed Friday. On April 17, Thor announced it would pay $18 a share for each share of Coachmen stock that it did not own. Sixty percent would be paid in cash and the remainder in the form of Thor stock. The fixed exchange ratio is 0.7366 Thor shares for each Coachmen share, Thompson... Read more

Thor’s Offer Could Be Worth More Than $18

April 28, 2000 by · Leave a Comment 

The Thor Industries Inc. offer to buy Coachmen Industries Inc. currently is worth more than $18 a share because the stock portion of the offer “is pegged to a fixed exchange ratio,” Thor Chairman Wade Thompson revealed Friday. On April 17, Thor announced it would pay $18 a share for each share of Coachmen stock that it did not own. Sixty percent would be paid in cash and the remainder in the form of Thor stock. The fixed exchange ratio is 0.7366 Thor shares for each Coachmen share, Thompson... Read more

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