Drew Industries (DW) Releases Earnings Results, Beats Expectations By $0.17 EPS

Drew Industries (DW) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $1.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.17. Analysts had a consensus of $1.34. The company posted revenue of $440.83 million in the period, compared to analysts expectations of $407.70 million. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

Drew Industries closed down -1.61 points or -1.75% at $90.5 with 2,99,684 shares getting traded on Tusday. Post opening the session at $92.11, the shares hit an intraday low of $89.52 and an intraday high of $92.11 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 27, 2016, Scott T Mereness (President) sold 3,000 shares at $84.00 per share price. According to the SEC, on Jun 17, 2016, Leigh J Abrams (director) sold 5,527 shares at $80.91 per share price. On Jun 9, 2016, Brian Michael Hall (Corporate Controller) sold 687 shares at $80.68 per share price, according to the Form-4 filing with the securities and exchange commission.

Drew Industries Incorporated through its subsidiaries supplies an array of components for the manufacturers of recreational vehicles (RVs) and manufactured homes. The Company also supplies components for adjacent industries including buses; trailers used to haul boats livestock equipment and other cargo; modular housing and factory-built mobile office units. The Company operates in two segments: the RV products segment (the RV Segment) and the manufactured housing products segment (the MH Segment). the Company manufactures and markets a variety of products used primarily in the production of RVs and manufactured homes. As of 2014 the RV Segment accounted for 90% of consolidated net sales and the MH Segment accounted for 10% of consolidated net sales. RVs may be motorized (motorhomes) or towable such as travel trailers fifth-wheel travel trailers folding camping trailers and truck campers.

Drew Industries

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