Monaco 2006 results - to December 30th, 2006
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Monaco 2006 results
(to December 30th, 2006)
Fourth quarter loss but "encouraged by the progress made"

Revenues for the fourth quarter 2006 (to December 30th, 2006) were $299.2 million, or 2.2% lower compared to $306.0 million in revenues for the fourth quarter 2005.  Gross profit for the period was $27.1 million, down from $31.3 million a year ago. The Company reported an operating loss for the recent fourth quarter of $512,000 compared to operating income of $4.0 million for the fourth quarter a year ago. The Company reported a net loss of $562,000, or $0.02 per diluted share, for the fourth quarter 2006. This compares to net income of $2.5 million, or $0.08 per diluted share, for the fourth quarter 2005.

For the fiscal year ended December 30, 2006, Monaco Coach reported revenues of $1.3 billion an overall increase of 5.0% compared to 2005 revenues of $1.2 billion. Gross profit for the year was $124.5 million, compared to $124.8 million for 2005. Operating income for the year was $3.8 million versus $7.2 million for 2005. Net income for 2006 was $1.0 million, compared to $2.6 million earned in 2005. Earnings were $0.03 per diluted share compared to $0.09 per diluted share for 2005.

Kay Toolson, Chairman and Chief Executive Officer of Monaco Coach Corporation, stated, "While we are not satisfied with our results for the fourth quarter, we are encouraged by the progress our company has made in light of current market conditions, and we remain cautiously optimistic about 2007."

Full results press release here 
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