Drew posts smaller profits despite growth in RV sales

May 03, 2013 | 12:55 PM | Michael Cowden

Tags  Drew Industries, Fred Zinn, Jason Lippert, Lippert Components, Kinro, earnings report, RVs, Michael Cowden

CHICAGO — Drew Industries Inc.’s profits narrowed in the first quarter as production issues, higher material costs and expansions and reorganizations bit into the bottom line.

But costs associated with consolidating facilities and realigning production are expected to decline in future quarters, the White Plains, N.Y.-based supplier of components for the recreational vehicle (RV) and manufactured homes markets said in commentary released with earnings data May 3.....

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