Flexsteel Industries reported fourth quarter and fiscal year financial results, showing a decrease of net sales by 6.3 percent, going from $500 million to $469 million. Net income was $23.8 million, compared to record $24.2 million in the previous fiscal year.
Ocean Bio-Chem, supplier of Star brite products, announced a record second quarter 2017 net income of $953,000 compared to net income of about $657,000 for the second quarter of 2016. Overall, that’s an increase of about $296,000 or 45 percent.
Cavco Industries announced financial results for the first fiscal quarter ended July 1 with a net revenue totaling $206.8 million, up from 11.7 percent from the same period last year. Income before income taxes was $15.7 million, an 86.9 percent increase from last year’s comparable quarter.
ARI Network Services, an award-winning provider of SaaS, software tools, and marketing services that help dealers, distributors and manufacturers, reported financial results for its fiscal third quarter ending April 30.
Thanks to strong growth in its recreation and fire and emergency segments, REV Group reported a year-to-year improvement on its consolidated net sales of 15.9 percent over the same period last year. That increase totaled $988.3 million for the first six months ended April 29.