RE: SKY Any coincidence Warren Buffett's favorite bank (Wells Fargo) owns 15%?
A good trend for the industry?
ELKHART, Ind., Oct. 24, 2013 /PRNewswire/ -- Patrick Industries, Inc. (PATK), a major manufacturer and distributor of building and component products for the recreational vehicle ("RV"), manufactured housing ("MH") and industrial markets, today reported its financial results for the third quarter and nine months ended September 29, 2013.
Third Quarter 2013 Financial Results
Net sales for the third quarter of 2013 increased $33.7 million or 29.8%, to $146.6 million from $112.9 million in the same quarter of 2012. The increase was primarily attributable to a 35% increase in the Company's revenue from the RV industry, which represented approximately 70% of the Company's third quarter 2013 sales. Sales to the MH industry increased 16%, while sales to the industrial markets increased 25%. The Company estimates that RV industry wholesale unit shipments increased approximately 10% in the third quarter of 2013 compared to the prior year.
P.S. A Elkhart Indiana tie in where SKY is also based.
Forest River Inc, a US manufacturer of a diverse line of primarily recreational vehicle products, $1.6 billion in sales, 60 plants, 5,400 employees. Located in Elkhart, Indiana, the company operates multiple manufacturing facilities throughout the Mid West and West Coast. [1] CEO, Peter Liegl founded the company in 1996, which today makes all classes of RVs, cargo trailers, utility trailer, pontoon boats, light and medium-duty buses (primarily shuttle buses, not inner-city transit buses), portable offices, and structures to use for temporary schools. Forest River also owns a manufactured housing business, Hart Homes. [2]
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