Drew Industries Reports Higher Q2 Profit - Quick Facts

(RTTNews) - Drew Industries Inc. (DW), a supplier of components for recreational vehicles and manufactured homes, posted net income of $15.9 million, or $0.67 per share, for the second quarter, net of a previously announced after-tax charge of $0.4 million related to executive succession. Last year's net profit stood at $11.71 million, or $0.52 per share.

Excluding this charge, net income in the second quarter of 2013 would have been $16.3 million, or $0.69 per share, the company added.

In the second quarter of 2013, net sales reached $287 million, 14 percent higher than the prior year's $251 million, as a result of a 16 percent sales growth by Drew's RV Segment, which accounted for 88 percent of consolidated net sales this quarter.