Drew Industries Q4 Profit Rises - Quick Facts

(RTTNews) - Drew Industries Incorporated (DW) reported net income of $11.1 million, or $0.46 per share, for the fourth quarter ended December 31, 2013, compared to $4.7 million, or $0.21 per share, last year. Net income for the company's prior year fourth quarter was net of an after-tax charge of $0.9 million in connection with executive succession.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.37 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $225 million, 12 percent higher than the 2012 fourth quarter. The company said this sales growth was primarily the result of a 16 percent sales increase by Drew's RV Segment, which accounted for 88 percent of consolidated net sales in the quarter.