Recreation Vehicle Industry Association (RVIA) President Richard Coon and Flexsteel President Ron Klosterman celebrated the RV industry’s Centennial by telling traders about the RV industry’s long history and promising future before ringing the stock exchange’s closing bell Thursday (Aug. 26), according to a news release.
“The RV industry has grown through booms and busts, world wars, the digital age and countless fads,” Coon said. “But we know our best years lie ahead of us. In fact, RV wholesale shipments are projected to increase more than 45% this year.”
Klosterman told the gathering of his NASDAQ-listed company’s nearly 50-year involvement with the RV industry, as well as record net income. Flexsteel makes furniture for the RV market.
“The RV market continues to grow,” Klosterman said. “We’re excited to be part of the RV industry’s centennial celebration and look to grow America’s love of RVing for another century.”
In conjunction with the closing bell ceremony, super-sized RV Centennial and Go RVing logos were on view in Times Square, along with RV lifestyle video from the Go RVing campaign, which aired on the NASDAQ tower. The closing bell ceremony was also broadcast by CNBC, CNBC India, CNBC.com, Fox Business Network, Canada’s Business News Network, Bloomberg and Bloomberg Brazil.
Earlier in the day, the two told FOX Business Network’s audience about the upswing in the RV industry and the deep love consumers have for RVing, during a live interview arranged by RVIA and its public relations agency Barton Gilanelli. The interview was conducted inside a Fleetwood motorhome.
“We’ve actually shipped more units through July than we did all of last year,” Coon told FOX Business. “It shows you the love that people have for RVing. During recession, consumers lay off buying, but then they come back.”
Coon also cited results from RVIA’s Vacation Cost Comparison study, which shows that RVs are the most cost-effective way to take a family vacation.
The Fox Business interview can be viewed here http://video.foxbusiness.com/#/v/4321747/consumers-driving-rv-profits-/?playlist_id=87185.
For other still photos of the event click here.
Richard Coon, president of the Recreation Vehicle Industry Association (RVIA) and Ron Klosterman, president of Flexsteel Industries Inc., are scheduled to ring NASDAQ’s closing bell today (Aug. 26) as part of the industry’s ongoing centennial celebration.
Flexsteel is a manufacturer, importer and marketer of residential, RV and commercial furniture. The company has been publicly traded since 1969 and has been listed on the NASDAQ market since 1983.
The event, set up by RVIA and its PR agency Barton Gilanelli, is scheduled for 3:45 to 4 EST. A live webcast is available at http://www.nasdaq.com/about/marketsitetowervideo.asx.
TriMas Corp. announced Wednesday (Aug. 12) that it will voluntarily transfer its stock exchange listing in the U.S. from the New York Stock Exchange to the NASDAQ Global Market effective Aug. 24.
The company’s stock will continue to trade under the symbol “TRS.”
“We believe that NASDAQ offers TriMas and its shareholders advanced technologies and cost-effective services, as well as efficient and transparent market access and execution,” said David Wathen, TriMas president and CEO of the Bloomfield Hills, Mich.-based manufacturer whose Cequent family of towing products serves the RV industry.
“We are delighted that TriMas selected NASDAQ as their market of choice,” said Bruce Aust, executive vice president, NASDAQ OMX. “We look forward to providing them and their shareholders with the best products and services NASDAQ OMX has to offer.”