Monaco 2007 results - second quarter
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Monaco second quarter
2007 results

(to June 30th, 2007)
"Market share gains, along with improving margins and steady consumer demand through the first six months of 2007 in the motorhome segment, has strengthened our confidence"


Monaco  reports revenues and earnings for the first quarter ended June 30, 2007:
  • Second quarter 2007 revenues were $335.3 million, up 4.4% compared to $321.3 million in revenues for the second quarter of 2006. 
  • The Company reported a higher gross profit of $36.6 million for the second quarter of 2007, compared to $30.5 million a year ago. 

"Our Class A retail results remained positive, despite continuing challenges in the domestic motorhome market," said Kay Toolson, Chairman and Chief Executive Officer of Monaco Coach Corporation. "Internal reports show our Class A business was up over 6% year-to-date through the quarter, compared to the overall Class A market, which was down 6.6% through May, according to the most recently reported industry data. These market share gains, along with improving margins and steady consumer demand through the first six months of 2007 in the motorhome segment, has strengthened our confidence in the retail market for our products. Improvements in our towable product line-up are helping us gain back market share in this segment. Our overall business approach remains one of flexibility and sensitivity to changing economic conditions, consumer confidence and retail sell-through."

"Our June Dealer Congress was a significant success," stated John Nepute, President of Monaco Coach Corporation. "Dealers were very positive on our new 2008 models. Like our dealers, we expect our 2008 product line-up to be extremely popular with our retail customers."

2007 Business Outlook

"The improvement in the first half of 2007 was primarily due to the Company's progress in improving plant efficiencies and stronger momentum in motorized sales," said Marty Daley, Chief Financial Officer of Monaco Coach Corporation. "Given current run rates and backlog, we are generally optimistic about achieving our previously discussed earnings guidance of approximately $0.37 to $0.41 per share for the year based on sales of approximately $1.3 billion."

Read the full press release here 
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