Thursday, February 02, 2006
Monaco Coach Reports Fourth Quarter & 2005 Year End Profits
Monaco Coach Corporation one of the nation's leading manufacturers of recreational vehicles, today reported revenue and earnings for the fourth quarter and fiscal year ended December 31, 2005.
Fourth quarter 2005 revenues were $306.0 million, down 4.8% compared to $321.5 million in revenues for the fourth quarter of 2004. Fourth quarter gross profit was $31.3 million, down from $35.9 million a year ago.
For the fiscal year ended December 31, 2005, Monaco reported revenues of $1.24 billion, approximately 10.8% lower than last year's record revenues of $1.39 billion. Operating income for the year was $7.2 million versus $59.7 million for 2004. Net income for the year was $2.6 million, compared to $36.7 million earned in 2004. Earnings per share were $0.09 compared to $1.23 for 2004.
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Fourth quarter 2005 revenues were $306.0 million, down 4.8% compared to $321.5 million in revenues for the fourth quarter of 2004. Fourth quarter gross profit was $31.3 million, down from $35.9 million a year ago.
For the fiscal year ended December 31, 2005, Monaco reported revenues of $1.24 billion, approximately 10.8% lower than last year's record revenues of $1.39 billion. Operating income for the year was $7.2 million versus $59.7 million for 2004. Net income for the year was $2.6 million, compared to $36.7 million earned in 2004. Earnings per share were $0.09 compared to $1.23 for 2004.
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# posted by Steven Fletcher : 12:58 PM
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