Drew Industries Reports Q4 EPS of $0.14 vs. $0.09

Drew Industries Incorporated DW today reported net income for the fourth quarter ended December 31, 2010 of $3.1 million, or $0.14 per diluted share, compared to net income of $2.9 million, or $0.13 per diluted share in the fourth quarter of 2009. Net sales in the 2010 fourth quarter exceeded $106 million, up 2 percent compared to 2009 fourth quarter net sales. Industry-wide wholesale shipments of travel trailers and fifth-wheel RVs, Drew's primary RV market, increased 4 percent in the quarter, while industry-wide production of manufactured homes declined 16 percent. Drew's RV Segment represented 81 percent of consolidated net sales.
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