Drew Industries releases second quarter financials

(Aug. 2, 2012) -- Net sales in the 2012 second quarter increased to $251 million, a record for any quarter, and 35 percent higher than in the 2011 second quarter. This sales growth was primarily the result of a 39 percent sales increase by Drew's RV segment, which accounted for 87 percent of Drew's consolidated net sales. RV segment sales growth was largely due to acquisitions, market share gains, and an 8 percent increase in industry-wide wholesale shipments of travel trailer and fifth wheel RVs, Drew's primary RV market.