RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Drew Industries Reports 22 Percent Increase in 2Q

Thu Aug 4, 2016

ELKHART, Indiana - Drew Industries Incorporated and adjacent industries, has reported consolidated net sales in the second quarter of 2016 increased to $441 million, 22 percent higher than the 2015 second quarter.

The increase in year-over-year net sales reflects industry-wide growth in wholesale shipments of towable RVs by original equipment manufacturers, which increased by 12 percent in the second quarter of 2016, enhanced by acquisitions completed by the company over the 12 months ended June 30, as well as the July 2015 distribution and supply agreement for premium electronics with Furrion, which together added $29 million in net sales in the second quarter of 2016. Through continued focus on aftermarket channels for the company's products, the company increased net sales to the aftermarket in the second quarter of 2016 by more than 32 percent to $34 million. The third quarter of 2016 started with July consolidated net sales of approximately $118 million, five percent higher than July 2015 with two less shipping days in 2016.

The Company's content per travel trailer and fifth-wheel RV for the twelve months ended June 30, increased $95 to $3,013, compared to the 12 months ended June 30, 2015, of $2,918. The company's content per motorhome RV for the 12 months ended June 30, increased $138 to $1,920, compared to the 12 months ended June 30, 2015, of $1,782. The content increases are primarily the result of organic growth, which in the case of towable RVs, consists of double-digit growth in travel trailer content, partially offset by flat fifth-wheel content. Acquisitions had a nominal impact on RV content.

Additional Information: http://www.marketwatch.com/story/drew-industries-reports-2016-second-quarter-results-2016-08-04?siteid=nbsh