DailyMarkets says Drew Industries, Inc. (NYSE:DW) reports net sales for the fourth quarter ending Dec. 31, 2012 totaled $200 million, 25 percent higher than Q4 2011. Net income for the period grew 39 percent over last year’s comparable period, from $4.1 million to $5.7 million, although an executive succession after-tax charge of $0.9 million reduced the actual income to $4.7 million. (As MHProNews reported here Feb. 13, 2013, leadership of the company underwent several changes.) Net sales for 2012 rose to a record $901 million, an increase of $220 million over 2011. Net income for the year rose to $38.3 million ($37.3 million when the one-time executive succession charge is deducted), an increase over the $30.1 million of 2011. Through its subsidiaries Lippert Components and Kinro, Inc., Drew provides components to the manufactured housing and recreational vehicle markets from 30 facilities around the nation. The company recently announced the relocation its corporate headquarters from White Plains, NY to Elkhart, Ind. where Lippert and Kinro are headquartered.
