Coachmen Industries Warns of First-Quarter Loss
Coachmen Industries (COA) said Friday it expects to post a loss in the first quarter but will record a profit in the year's remaining quarters.
The company said it is "tracking close" to it business plan in the first two months of the year and expects to post revenue of $750 million, with earnings of between 60 cents and 70 cents for 2001. A single analyst is expecting the company to earn 72 cents in the year. The company earned 14 cents a share in 2000.
The maker of recreational vehicles and modular homes said it expects improved margins and revenue growth in 2002, but did not offer details.
Shares of Coachmen, which is based in Elkhart, Ind., fell 27 cents, or 2.7%, to $9.83 in recent New York Stock Exchange trading.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV