Thursday, July 24, 2008

Coachmen Recreation Vehicle Group Report

“While we turned in a loss for the quarter, we have made significant progress in reducing our break even through cost reductions, capacity utilization, consolidation, and radically improved products … both appeal and quality, however it simply is not enough in light of the current and projected market conditions and economic climate,” said Michael R Terlep, President of Coachmen RV Group. “And while a quarter over quarter improvement in bottom line performance for the RV Group of 44.0% on 47.2% fewer sales conclusively demonstrates the improvements we have made, we simply must make further adjustments throughout our Company to navigate the worst market conditions our Industry has seen in decades.”
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Xantrex Technologies XPower Plus 400-Watt Inverter

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