Drew gets about 90% of its business from the RV industry. The company supplies everything from shower and kitchen items to overhangs, furniture, steel frame, axles and suspension segments.
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Every one of these essentials points to a solid industry establishment for the coming quarters," Drew Chief Executive Jason Lippert said in a late final quarter telephone call with examiners.
Greatest Gain In Two Years
Those remarks took after a quarter that saw Drew develop year-over-year profit 61% to 79 pennies a share – its greatest addition in two years and well in front of accord investigator gauges. Income climbed 16% to $334.2 million, expanding a years-in length keep running of twofold digit picks up on the top line.
For the entire year, income expanded 18%, and profit rose 23%.
It's anything but difficult to perceive how Drew did it. Extensive, wholesale shipments of a wide range of RVs achieved 376,246 units in 2015, as indicated by the recreational vehicle Industry Association.
That was up 4.9% from the earlier year and spoke to the most noteworthy yearly aggregate following 2006. It was the 6th straight yearly increment in RV shipments.