Friday, November 03, 2006

Monaco Coach Corporation Reports Third Quarter Results

COBURG, Ore., Nov. 2, 2006 -- Monaco Coach Corporation , one of the nation's leading manufacturers of recreational vehicles, today announced results for the third quarter ended September 30, 2006.

Revenues for the third quarter were $292.5 million, approximately 1.5% lower than last year's third quarter revenues of $297.0 million. The third quarter loss was $7.1 million, or $0.24 per share compared to last year's third quarter loss of $6.0 million, or $0.20 per share. Third quarter 2006 includes the results of R-Vision and related companies.

"The retail motorhome market remained challenging, causing our wholesale shipments to be adversely impacted during the quarter," said Monaco Coach Corporation Chairman and CEO Kay Toolson. "The towable market recently softened which affected our sales in that segment. However, downward trends in fuel prices and a stabilization of interest rates should help stimulate retail buying interest. These two factors have been the backdrop for recent increases in consumer confidence, which is a major indicator for our markets. In support of this, our internal numbers are showing the month of October up over last year in both wholesale orders and retail sales. This bodes well for the upcoming national RV trade show in Louisville, Kentucky." Full Story...
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