Rexhall Industries Forecasts Q2 Earnings
9 July 1998
Rexhall Industries Forecasts Second Quarter Earnings
LANCASTER, Calif.--July 9, 1998--Rexhall Industries Inc. Thursday announced that its restructuring process is proceeding along so well that the company is looking toward further expansion in new slide-out models."The new centralized production strategy that was part of the restructuring process is moving so swiftly that we are now making new engineering and manufacturing adjustments at a much earlier time than we anticipated," said Anthony J. Partipilo, chief financial officer.
"These efforts have already produced positive results," said Bill Rex, president and CEO. "We have hit new production and sales highs for the California plant in two out of the three months of the second quarter."
Rex reiterated the company's aggressive long-range goal of building a more streamlined and profitable Rexhall for the future. The reported income from continuing operations is expected to be in the range of 25 cents to 28 cents per share for the second quarter ended June 30, 1998 on outstanding shares of 3,021,863.
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Forward-looking Statements
This release contains forward-looking statements. They are based on assumptions and on facts as known today, and there is no intention to update them. Rexhall's business is subject to increases in materials costs, pricing and other pressures from substantially larger competitors, labor disruptions, and adverse weather reducing sales and making deliveries difficult. For some time, favorable recreational vehicle industry sales have been achieved when there are low interest rates, low unemployment and ready availability of motor fuel. All three of these factors may change rapidly. Consumer confidence levels have been good, but may decline for many reasons, causing postponement of discretionary recreational purchases. These factors are not easily predictable and many are beyond management's control.