Monaco Coach Corporation Reports Expectations for First
Quarter Results
COBURG, Ore., April 3 Monaco Coach Corporation
today indicated that it expects to report earnings per share of $0.26 to
$0.30 on revenues of approximately $205 million to $210 million for the period
ending March 31, 2001.
"Circumstances that affected the RV industry in the latter half of 2000
continued into the recent first quarter," stated Monaco Coach Corporation Vice
President and Chief Financial Officer Marty Daley. "We anticipate these
factors continuing into the second quarter of 2001, contributing to financial
results that closely mirror those of the first quarter 2001."
"Despite challenges within our market, we see several encouraging signs
and we believe that we will see strengthening in the second half of the year,"
added Monaco Coach Corporation President John Nepute. "We continue to gain
market share. Our January 2001 Class A market share rose to 17.6%, up from
13.4% in January 2000. Additionally, recent interest rate reductions should
have a positive impact on retail dealers' willingness to finance inventory,
which should encourage restocking of our products that continue to retail
well."