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Decorator Industries Narrows Loss in Second Quarter; Sales to RV Industry Up Substantially


Decorator Industries reported a net loss of $103,757 for the second quarter of fiscal 2010 compared with a net loss of $366,181 in the second quarter of 2009. The net loss for the first six months of fiscal 2010 was $447,278 compared with a net loss of $1,657,110 for the same period a year ago.

The second quarter 2009 loss included a pre-tax charge of $150,000 related to the closing of certain facilities and the six months of 2009 included pre-tax charges of $900,000.

Net sales for the second quarter of fiscal 2010 were $4,699,027, down 17 percent from $5,677,395 for the same period a year ago. Net sales for the first six months of fiscal 2010 were $8,719,654 a decline of 19 percent from $10,783,033 in the first half of 2009.

Sales to RV customers increased 16 percent, to $1,230,000, in the second quarter of fiscal 2010, compared with last years' second quarter sales of $1,064,000. For the six month period of fiscal 2010, RV sales increased by 31 percent, to $2,513,000, compared with $1,917,000 for the same period a year ago.

The RV industry reported an 80 percent increase in total shipments from last year's second quarter, with towable shipments increasing by 75 percent and motorhome shipments increasing by 144 percent. Total RV industry shipments for the six months of 2010 were up by 87 percent, with towable shipments increasing 83 percent and motorhome shipments increasing 141 percent.

Excluding the discontinued sewn goods sales from 2009's second quarter and year-to-date, sales reveals the company’s pleated shade sales to the RV industry in 2010 increased 58 percent in the second quarter and 75 percent year-to-date.

However, Decorator Industries sales to the manufactured housing market were down somewhat, and its sales to hospitality customers were down by 35 percent for the second quarter and down 39 percent for the first half of the year.

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