Net sales of $322 million (a quarterly record) for Drew Industries, Inc. in the second quarter of 2014 produced net income of $18.6 million, or $0.77 per diluted share, a 12 percent increase over net sales for the same period of 2013 which produced net income of $15.9 million, or $0.67 per diluted share. The sale of the aluminum-extruded assets in April 2014 drew an after-tax charge of $1.2 million, which would have made Q2 2014 profit $19.8 million, or $0.82 per diluted share, according to seekingaplha.com. Drew attributes the sales growth to the 15 percent sales increase in the RV sector, which accounts for 90 percent of the consolidated net sales for the quarter. Jason Lippert, CEO of Drew, informs MHProNews production of RVs in the first half of 2014 was greater than for all of 2009. Drew also manufactures and distributes component parts for the manufactured housing industry through 35 facilities nationwide. ##
