19 August 2019,
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Record number of candidates for the RV Industry Association elections
The RV Industry Association (RVIA) in USA has received a record number of candidates for its upcoming elections. Members will have the opportunity to vote from 3 to 29 September.
Seven director positions are up for election, two manufacturer seats, three supplier seats, one park model manufacturer seat and one at-large seats. A record 22 candidates are running for this year’s open seats including 6 manufacturer representatives, 2 Park Model RV representatives, 10 supplier representatives, and 4 at-large representatives.
Meet the candidates:
Manufacturer Seat (Vote for 2):
Scott Hubble, Pleasant Valley Teardrop Trailers/NuCamp RV
Scott has been with nuCamp (formerly Pleasant Valley Teardrop Trailers) since the summer of 2009 as the manufacturer for Little Guy Worldwide. Scott initially broke into the RV industry with Little Guy Worldwide, where he served as their Director of Marketing (2007-2011), Director of Strategic Solutions (2011-2014) and ultimately Vice President (2014-2016). Scott officially began working for both Little Guy and nuCamp in 2012 when nuCamp appointed Scott as their CEO. Scott earned his degrees in accounting, MBA and Doctor in Juris Prudence at Cedarville University, the University of Akron and Southern Columbian University. He is anticipating completing a business doctorate in public administration and urban studies in 2022. He is a board member of the Nicamerican Missions involved in several organizations, including Feed My Starving Children, The Upside of Downs, Jobs for Life Rahab Ministries, Habitat for Humanity, and Pure Gift of God Adoption Services.
Dustin Johns, Travel Lite RV
Dustin is president of Travel Lite RV (2014-present). He’s also serving as president of Next Level Components (2018-present), Indiana RV (2017-present) and Innovation LLC. Prior to these roles, Dustin was vice president (2009-2014) and sales manager (2001-2009) at Travel Lite RV. Dustin earned his degree at Ball State University.
Bob Martin, Thor Industries, Inc.
Bob currently serves as president and CEO of Thor Industries, Inc. Prior to this current role, he served as Thor’s president and COO and previously as RV senior group president. In addition, he also served as president of Keystone RV Company. His RV Industry Association service includes serving as a current member of the Board of Directors as secretary and on the Executive Committee and Strategic Planning Committee and previously served as a member of National Show Committee. Other service to the community includes serving as a past board member of the United Way of Elkhart County. Bob is a graduate of Purdue University.
Matthew Miller, Newmar Corporation
Matt Miller is the president/CEO of Newmar Corporation where he has been since 1992. He is currently an RV Industry Association board member and is the first vice chair on the Executive Committee following his roles as the Secretary and Treasurer (2013-2016). Matt is also the Chairman of the RV Technical Institute Board of Directors and serves on the RV Industry Association’s Audit Committee, Public Relations Committee, RVDA/RVIA Certification Governing Board, Standards Steering Committee and Strategic Planning Committee where he was a former chairman. Matt has also served as a chairman on the Nominating Committee (2012). His other service activities include serving as a current member of the RVDA RV Learning Center Board; former member of the RV Safety and Education Foundation Board and The Crossing Schools.
Phil Sarvari, Gulf Stream Coach
Phil is the president of Gulf Stream Coach where he has been with the company since 1992. He served as a board member on the RV Industry Association’s Quality Task Force in 2005 and the RV MHI Indiana. Phil earned a double major from Marian University in Accounting and Business Administration. He also belongs to the local Family and Children’s Center and the Boys and Girls Club of Mishawaka.
Greg Wallman, Melius Corporation dba Space Craft Mfg.
Greg is the owner and president of Space Craft Mfg. where he has been since 2018. Prior to Space Craft Mfg., Greg was a director at Core Catalysts (2011 – 2018), a manager at Experis (2005 – 2011), an EVP mortgage lending & controller at National Bank of Kansas City (2002 – 2005), a controller at McCaffree Financial Corporation (1999 – 2002) and a senior auditor at Deloitte (1996 – 1999). Greg earned his MBA from the University of Kansas and a Bachelor of Science degree in accounting from Northwest Missouri State University.
PMRV Manufacturer (Vote for 1):
Dick Grymonprez, Champion/Athens Park Model RVs
Dick Grymonprez currently serves as director of park model sales for Skyline Champion Corporation. Building in 11 factories under the Athens Park and Shore Park brand names, Skyline Champion is the largest builder of park model RVs in the US. Dick was previously was vice president of sales and marketing for Athens Park Homes (2004-2012) and sales manager for Champion Homes (1988-2011). His service to the RV Industry Association includes serving as a current member of the Board of Directors, on the Membership Committee and Park Model RV Committee; and a past member of the Seasonal Camping Committee (2012-2015) and Awards Committee (2016). He was also the president (2011-2016) and is a member of the Recreational Park Trailer Industry Association Board of Directors; a member of the Texas Manufactured Housing Board of Directors (1999-2000 & 2009-2010); president (1995-1996) and member (1990-1996) of the Arizona Manufactured Housing Board of Directors; and was the president (1999) and member (1997-1999) of the YMCA Board of Directors. He received his B.S. in business from Central Michigan University.
John Soard, Woodland Park, Inc.
John is a national sales manager for Woodland Park, Inc. He’s also served as the general manager of the Park Models Division for Fairmont Homes a subsidiary of Cavco Industries (2005-2016); regional sales manager for Breckenridge Park Models (1999-2005); national and regional sales manager for Woodland Park, Inc. (1988-1998); director of engineering for Park Homes, Inc. (1985-1988); and held drafting/engineering positions at Coachmen Industries (1983-1985). His service to the RV Industry Association includes serving as the current chairman of the Park Model RV Committee; member of the Go RVing Coalition and the Park Model RV Technical Subcommittee. He was also a member of the Seasonal Camping Committee (2012 -2015) and various RV Industry Association and RPTIA Codes and Standards Subcommittees (1998-2005). John is involved in the development of standards in Canada and serves as a member of the Canadian Standards Association’s Technical Committee on Park Models (2017 – Present). He is also a member of the PRVCA Board of Directors, past member of the PRVCA Hershey Show Committee (2008-2012) and was the secretary and Board Member for RPTIA (2005-2012).
Supplier (Vote for 3):
Matt Carboneau, WESCO Distribution
Matt is the sales manager, midwest region for WESCO Distribution (2016 – Present). Prior to Joining WESCO, he worked at Amerimax Building Products (2007 – 2016), Owens Corning Fabwel Division (1998 – 2007) and Fabwel, Inc. (1989 – 1998). He earned his Bachelor of Science degree in general management from Purdue University with a minor in finance. Matt is actively involved in community organizations including leading fundraising events and serving as a vestry board member at St. Michael and All Angels Episcopal Church, led fundraising drives for United way, coached youth sports leagues for six years, volunteered on a special finance committee for Goshen Community Schools, volunteered as a summer camp counselor and he secured major donor funding for restoration and renovation of the Wawasee Retreat Center owned by the Diocese of Northern Indiana.
Kevin Casey – Jaeger-Unitek Sealing Solutions, Inc.
Kevin has been the president and CEO of Jaeger-Unitek Sealing Solutions, Inc. since 2017. He was the vice president, marketing and sales at EMS Chemie – EFTEC (2014 – 2017), vice president, sales and marketing for Mar-Bal, Inc. (2010), vice president sales and marketing at Sika where he held multiple roles from 2002 – 2008, and was the vice president of sales and marketing at Premix, Inc. (1995). Kevin is involved in 25 community organizations including the Rotary Club of La Porte, Indiana, Greater La Porte Economic Development Corporation, Elkhart 4-H Program, Shrine Circus Fund, United Way, Japan-America Society of Indiana, Meals on Wheels, and many others. He earned his Bachelor of Science degree in business administration from Ohio State University.
Jorge Antonio Campos, Boyd Corporation
Jorge is the BDE, sales executive for Boyd Corporation where he has worked since 2014. Prior to his current role, he was the general manager at Patrick Industries (2013 – 2014), the national corporate quality director and national sales executive for Lippert Components (2004 – 2013) and the VP of operations for Norco Industries (1991 – 2013). Jorge is currently a member of the RV Industry Association’s Standards Steering Committee and the Supplier Committee. He graduated from Indiana University South Bend with a degree in business and manufacturing engineering. Jorge also served as Chairman of the Board for the Centers for Hope and Healing, a not for profit chain of urgent care clinics in the Elkhart/Goshen area and is involved with fundraisers for the Goshen Boys and Girls Club and various local Hispanic organizations.
Michael Gerowitz, Tredit Tire and Wheel Company, Inc.
Michael runs product and market development at Tredit Tire and Wheel where he has been since February 2019. Prior to joining Tredit, he held several positions at Goodyear Tire and Rubber ranging from a testing lab coordinator in 2010 to prototype tire architecture program manager for Goodyear Research and Development in 2019. Michael earned a Bachelor of Science degree in environmental science and a Bachelor of Arts in secondary education and anthropology from the University of Michigan. He is the co-author of Care and Service for Truck and Bus Tires, is an advanced driving development chief instructor for the National Auto Sport Associations in the Great Lakes Region, fundraises for the Association and Zoos and Aquariums, served in the Goodyear seat on the US Tire Manufacturers Association Publications Committee (formally known as Rubber Manufacturers of America (RMA), and belongs to the Sports Car Club of America.
Beau Gringer, Diamond Shield
Beau began his career as an operations manager at Diamond Shield in 2002 before becoming the owner and president in 2016. He earned his B.A.Sc. in business and economics from Sunny Empire State in New York. He is a member of the Family Motor Coach Association, Florida RV Trade Association, volunteers with Hire Heroes USA, is the founder and president of the Cystic Fibrosis Foundation Christmas Ball Fundraiser, and participates in fundraisers for the Miami Project (Spinal Injury), University of Rochester and Wilmot Cancer Institute.
John O’Sullivan – Crane Composites
John is currently the president of Crane Composites and has serviced in multiple roles at the company since 2003. Prior to joining Crane Composites, he was the vice president, division director at R.R. Donnelley where he worked from 1989 – 2002. John earned his MBA in accounting from the University of Chicago Booth School of Business and quickly joined Ernst & Young as a senior auditor from 1987 – 1989. He is a current board member of the American Composites Manufacturers Association and previously served on the Associations Convention Planning Committee for the Truck Trailer Manufacturers Association, a board member for United Way in LaSalle County, IL, and board member at Junior Achievement in LaSalle County, IL.
Matthew Petrill, Furrion, LLC
Matthew is the Vice President, North American Operations, for Furrion, LLC. Prior to joining Furrion, he was the director of business development at Boyd Corporation (2016-2017), director of operations at REV Recreation Group (2014 – 2016), director of operations at Thor Motor Coach (2014), director of operations at Monaco RV (2012 – 2013), and the production manager & general manager at Fleetwood RV/REV Recreation Group (1999 – 2011). He is currently a member of the RV Industry Association’s Public and Legislative Affairs Committee and he previously participated in the Codes & Standards Sub-Committee. Matthew orchestrated refurbishment of existing RVs and donation of another to Hello Gorgeous, a non-profit organization that performs mobile makeovers for women battling cancer. He earned a Bachelor of Science degree in industrial engineering and a Master of Science in manufacturing management from Kettering University.
Mary Pouliot, Thetford Corporation
Mary is the VP of sales and marketing at Thetford where she has worked since 2006 in a number of roles including director of customer service and director of OEM sales. Prior to joining Thetford, she worked at Mosaic, was the director of NA IT at GKN Sinter Metals and as the customer service manager team lead at FANUC Robotics. Her service to the RV Industry Association includes serving as the vice chairman of the RVIA/RVDA Certification Governing Board, as a member of both the association’s Curriculum and Credentialing Focus Group and Tech Training Strategic Plan Focus Group, Trade Show and Events Committee member, and RVX Show Task Force member. She previously served as an RV Service Training Council member, Industry Education Committee member and Industry of Excellence member. She was also a Top Tech Challenger Supporter (2018-2019), Trade Mission to China participant (2018), and National Education Service Award Winner (2014). She currently sits on a number of boards and committees including the RV Women’s Alliance, the MARVAC Board (2013 – current) where she is the President, MMH&RVCA Executive Board (2016 – Current), and the MARVAC Marketing PR Committee (2014 – current). Mary participates in Habitat for Humanity, Relay for Life and Community Sharing.
Jay Riblet, D&W, Inc.
Jay is the sales, general manager at D&W Inc. where he has been since 2012. Prior to joining D&W, he was the executive director for the Boys & Girls Club of Elkhart (2010 – 2012) and the sales manager at Philips Products/Ventline from 1999 – 2009. Jay is a University of South Bend graduate and earned a bachelor’s degree in general studies. He is a past board member of the Samaritan Center in Elkhart, volunteered as a C.A.R.E.S. mentor with Elkhart Community Schools, and helped with fundraising efforts for the Love Way Therapeutic Equestrian Services in Elkhart County. He has raised money for the Boys & Girls Club of Elkhart in his capacity as the executive director.
Bill Rogers, Keystone Automotive Operations, Inc.
Bill currently serves as president for Keystone/NTP-STAG (2015-present). His previous experience includes vice president, category management at Keystone/NTPSTAG (2010-2015); vice president, supply chain management at Armstrong World Industries (2006-2010) and Textron, Inc. (2001-2006); manager, procurement at Holnam, Inc. (1998-2001); and multiple positions with General Electric (1985-1998). He is currently serving on the RV Industry Association Board of Directors, member of the RECT Task Force and is a former member of Governance Committee. Bill holds a B.S. degree in computer science from the University of Massachusetts and MBA from Northeastern University. He is also a Six Sigma Black Belt (DMAIC) & Green Belt (DFSS).
At-Large (Vote for 1)
Chris Carpenter – Creative Products Group
Chris is the director of business development for CPG Brands. He has chaired multiple committees including the RV Aftermarket Association’s Education Committee, Show/Events Committee, the events committee of the University of Buffalo CEL program and is currently on the RV Industry Association’s Trade Shows and Events Committee. He participates in the APICS membership and strategic speakers selection and belongs to the University of Buffalo Center for Entrepreneurial Leadership.
Mark Johnson – Big Life Tiny Homes
Mark is the vice president of Big Life Tiny Homes where he has been since 2018. Prior to joining Big Life Tiny Homes, Mark was a construction analyst as the U.S. Small Business Administration, president of two companies in Tennessee dealing with construction and development projects (1995 – 2014), president of Pace Construction (1990 – 1994), vice president, senior project manager/estimator at Hunt Construction (1988 – 1990), project manager at T.W. Frierson (1986 – 1988), and a Superintendent at Gene D. Liggins. Mark is a board member of the Johansson Foundation which places people and builds affordable or free housing for veterans and other homeless people to help them get back on their feet. He was also appointed to an advisory board for codes and zoning departments on issues related to allowing RV’s, campers, and tiny homes to be placed around counties in the state of Tennessee.
Tom McCarthy – Fiat Chrysler Automobiles US
Tom is the vice president, head of safety compliance & product analysis at Fiat Chrysler Automobiles (FCA US). He has served in numerous roles with the company including a number or roles through the company’s transitions from DaimlerChrysler, Chrysler Corp (1995-2001).; DaimlerChrysler (2001 – 2007); Chrysler Group (2007 – 2009) and FCA US (2009 – present). Tom was the automotive test engineer for the Consumers Union (1995), and a design engineer at General Motors and at Pratt & Whitney. He volunteered to lead an initiative aimed at sharing recall execution processes and lessons learned from the automotive sector at NHTSA’s request and has been successful in expanding the effort into a formal, quarterly sub-committee meeting with key members of the RV Industry Association and representatives from FCA Fleet Operations, Ford and GM. He fundraises for United Way, Habitat for Humanity, and for several animal rescue groups and animal shelters in the Detroit metro area and southwest Michigan. He is also a long-term mentor for FCA US’ intern and CIE programs and a mentor for the National Society of Black Engineers. Tom is a graduate of Northeastern University and earned his MBA from Walsh College.
Jeff Sather, Freightliner Custom Chassis Corp.
Jeff is the president and CEO of Freightliner Custom Chassis where he has been since March 2018. Prior to Freightliner, Jeff was the general manager of specialty units controlling at Daimler Trucks North America (2008 – 2018) following various roles within the company (2001 – 2008). He was employed at PACCAR Inc. from 1991 – 2001 where he also held various accounting positions. Jeff is a CPA and earned his MBA from Seattle University and a business degree in finance and marketing from the University of Michigan. He has been on the RV Industry Association’s Board of Directors since March 2018 and services on the Public & Legislative Affairs Committee (2018 – present). He has also been a board member at North America Fuel Systems Remanufacturing from 2008 – 2018.
The 2020 Caravan Show in South Africa opens today
The 2020 Caravan Show in South Africa is open from 21 to 23 February with all the latest caravans, motorhomes, camping trailers, camping gear and destinations to visit. It is held at the Gallagher Estate in Midrand, between Johannesburg and Pretoria, in association with Pretoria FM and Caravan and Outdoor Life magazine.
Last year's show had a record number of exhibitors of any show in South Africa, and with a growing number manufacturers entering the industry, the 2020 Caravan Show promises to be even better. One brand that will be familiar to the international caravan industry is Swift, the UK manufacturer which now has a dealership in South Africa.
The show is open from Friday 21 to Sunday 23 February. More details and tickets are available from www.caravanshow.co.za.
New 'Dometic in the Desert' event deemed a success
'Dometic in the Desert', a new networking event for Dometic customers, media, employees and suppliers held in Tucson, Arizona, earlier this month, has been deemed a great success. We also took part in the event thanks to our contributor Craig Ritchie who will report on this event in the March issue of Aboutcamp BtoB.
The event included a presentation from keynote motivational speaker, Jay Acunzo, speaking about productivity and best practices. Other presentations included Dometic business leaders as well as Dometic ambassadors who work with the brand at a regional level.
Dometic Americas President, Scott Nelson commented: "This event was the first of many events to come from Dometic in the following years. Guests were eager to learn more about Dometic, what we have to offer, and how we can best serve them. Dometic team members benefited from networking with their industry partners and learning more about their needs and challenges. Overall, the event was a success and attendance was outstanding!"
In addition to meetings with Dometic's sales teams, guests and attendees were invited to participate in excursions, a 5km run/walk benefitting the Dometic Signature Charity, Care Camps (which raised over $2,500), and themed dinners each evening.
Travel trailers represented 66.93% of wholesale RV shipments in 2019
Statistics from the RV Industry Association (RVIA) in north America show that travel trailers (caravans) were by far the most popular type of RV in the USA in 2019, accounting for 66.93 percent of wholesale RV shipments.
Fifth wheelers were the second favourite last year, with 18.25 percent, still a huge margin behind travel trailers.
Collectively, Type A, B and C motorhomes represented 11.37 percent of RV shipments, with the most popular being Type C with 6.33 percent in 2019.
Folding camping trailers accounted for 1.59 percent of shipments last year, with truck campers in small niche of their own with 0.83 percent.
The RV Industry Association is the national trade association representing RV manufacturers and their component parts suppliers who together build more than 98 percent of all RVs produced in the U.S.
An RV is officially defined as a vehicle designed as temporary living quarters for recreational, camping, travel or season use. RVs may be motorized (motorhomes) or towable (travel trailers, folding camping trailers and truck campers). Off-road vehicles are not included in the RV definition.
The RV Industry Association maintains an inspection program to monitor compliance of the plumbing, heating, fire and life safety, and the electrical systems of the RVs manufactured by its members in conformance to the ANSI/NFPA 1192 standard for RVs. RVIA also provides an on-going Federal Motor Vehicle Safety Standards (FMVSS) education program for its members. Website: http://www.rvia.org
AboutcampBtoB's special feature and video of the Japan RV Experience
AboutcampBtoB attended the 26th Japan Camping Car Show in Tokyo last month and is publishing a 20 page report in its next issue which subscribers will receive in mid-March.
There is a growing interest in the RV market in Japan, and the editor's LinkedIn posts from Japan achieved record engagement from caravan industry professionals around the world.
The feature on the market in Japan is dedicated to the most important Japanese RV manufacturers, with a focus on interesting vehicles and interviews with the most relevant entrepreneurs and managers.
But that is not all. AboutcampBtoB also had the opportunity to test a Japanese motorhome and travel around 1,000 km around the country, including a visit to an important RV manufacturer and the largest Japanese dealer.
Airxcel and Dometic announce joint venture in Italy
Airxcel, Inc. and Dometic have announced the formation of Bassano Pressing S.r.l., a joint venture created to produce steel and stainless-steel pressings which will supply other Dometic manufacturing facilities and CAN S.r.l, a division of Airxcel.
are pleased that we were able to work with Dometic to establish this joint
venture and to create jobs for the region’s highly skilled work force,” said
Jeff Rutherford, Airxcel President and CEO.
Peter Kruk, Dometic President EMEA added: “Creation of this joint venture allows Dometic to further execute on our strategy while supporting the community that has been important to Dometic’s success.”
Bassano Pressing will provide components to other Dometic manufacturing facilities while also providing stampings and pressings to CAN S.r.l., a division of Airxcel, as they expand their product offering in the European market. Industry veteran, Paolo Moresco will be the Managing Director of Bassano Pressing S.r.l.
Airxcel is an RV engineered component and environmental comfort products company with a long track record of success. Airxcel is built on developing industry-leading brands in recreation vehicle heating, cooling, ventilation and cooking, as well as brands in industrial cooling and environmental control.
Australian caravan industry prepares for Victorian Caravan, Camping and Touring Supershow
The Victorian Caravan, Camping and Touring Supershow at the Melbourne Showgrounds in Melbourne, Australia, takes place from 20 to 24 February 2020.
The Supershow, organised by the Caravan Industry Victoria, is the biggest caravan, camping and touring event in Victoria and one of Australia's premier outdoors shows.
It has grown and evolved over its 66 year history. The event's humble beginnings trace back to 1954 on parkland near where the Arts Centre of Melbourne sits today.
Truma is the principal partner of the show, with AL-KO, Dometic, G&S Chassis, BMPRO and Matthews Steer as supporting partners.
To attract as many visitors as possible, the Supershow includes a wide variety of exhibitors and attractions. This includes industry experts on hand, live caravan weights and towing demonstrations, live broadcasts by Melbourne radio station 3AW, a display of vintage vans, E-Bike demos, live music, and more.
The show is open from 9.30am to 6pm from Thursday 20th to Sunday 23rd February, and from 9.30am to 4pm on the last day, Monday 24 February.
Aboutcamp BtoB was at the show in 2019. To read the full story click here!
LCI Industries Fouth Quarter Fiscal 2019
With seven acquisitions in 2019 and a decline in RV shipments during the year, the annual results for LCI Industries, through its subsidiary, Lippert Components, Inc. ("LCI"), showed a four percent decrease of net sales to $2.4 billion with a net income of $146.5 million.
During the year, LCI completed seven acquisitions, totalling $448 million, and boosted international sales by 40 percent to $145.8 million. Its aftermarket sales also grew, up by 20 percent on the previous year, to $279.6 million. It paid $63.8 million in dividends to shareholders.
"In 2019, we significantly advanced LCI's diversification through seven strategic acquisitions by investing nearly $450 million, including our largest acquisition to date, CURT Group, which effectively doubled the size of our aftermarket business and accelerated our path to becoming a dominant leader in the space.
In addition, as part of our efforts to broaden our international presence, in January 2020, we closed the acquisition of premier window supplier Polyplastic Group, which will enable us to grow further in key European markets. This expansion, combined with our commitment to innovation and execution on operational initiatives, supported a return to sales growth of 5 percent in the fourth quarter versus industry declines of 8 percent, while at the same time expanding operating margins by 120 basis points, year-over-year," said LCI Industries' Chief Executive Officer, Jason Lippert.
"Heading into 2020, we are maintaining our focus on delivering new, innovative products, leveraging our core competencies in adjacent markets, driving operational efficiencies, and realizing synergies from these recent acquisitions. We remain optimistic about the opportunities ahead of us, and are confident our team will continue their efforts to build on our momentum to further deliver value for our customers and shareholders," continued Jason Lippert.
Consolidated net sales for the full year 2019 were $2.4 billion, a decline of four percent from full year 2018 net sales of $2.5 billion. Net income for the full year 2019 was $146.5 million, or $5.84 per diluted share, compared to net income of $148.6 million, or $5.83 per diluted share, for the full year 2018.
The decrease in year-over-year net sales reflects a continuation of lower RV wholesale shipments seen throughout the year as dealers continued to correct their inventory levels, partially offset by continued growth in the Company's adjacent industries OEM, aftermarket and international markets. Net sales from acquisitions completed by the Company contributed $93 million in 2019.
Consolidated net sales for the fourth quarter of 2019 were $564.0 million, an increase of five percent from 2018 fourth quarter net sales of $536.6 million. Net income in the fourth quarter of 2019 was $28.8 million, or $1.14 per diluted share, compared to net income of $20.2 million, or $0.80 per diluted share, in the fourth quarter of 2018.
The increase in year-over-year net sales for the fourth quarter of 2019 reflects the impact of acquisitions completed during the quarter, in addition to organic growth across the Company's adjacent industries OEM, aftermarket and international markets, partially offset by lower RV wholesale shipments. Net sales from acquisitions completed by the Company contributed $35 million in the fourth quarter of 2019.
The Company's content per travel trailer and fifth-wheel RV for the twelve months ended December 31, 2019, increased $169 to $3,618, compared to $3,449 for the twelve months ended December 31, 2018. The content increase in towables was a result of organic growth, including new product introductions and price increases, as well as acquisitions. The Company's content per motorhome RV for the twelve months ended December 31, 2019, decreased $127 to $2,364, compared to $2,491 for the twelve months ended December 31, 2018. The content decrease in motorhomes was primarily a result of the wholesale mix shifting to smaller units.
At December 31, 2019, the Company's cash and cash equivalents balance was $35.4 million, up from the balance of $14.9 million at the beginning of the year. The Company generated cash flow from operations of $269.5 million and used $447.8 million for acquisitions, $63.8 million for dividend payments to shareholders, and $58.2 million in capital expenditures for the twelve months ended December 31, 2019. The Company's outstanding debt was $630.8 million at December 31, 2019.
LCI's January 2020 consolidated net sales were approximately $224 million, up 20 percent from January 2019.
LCI supplies a broad array of highly engineered components for the leading original equipment manufacturers ("OEMs") in the recreation and transportation product markets, and the related aftermarkets of those industries.
Final countdown to the UK's Caravan, Camping and Motorhome Show
The UK caravan industry is eagerly awaiting next week's Caravan, Camping and Motorhome Show (18 to 23 February, 2020). As the second national show of the year at the NEC in Birmingham, it represents another important sales opportunity for leisure vehicles, static holiday homes, lodges, tents, holidays and accessories.
Set across five halls of the NEC; the Caravan, Camping and Motorhome Show has its regular feature areas and plenty of family activities from climbing to crazy golf.
The hugely popular Freedom To Go Theatre returns with a host of live shows covering many aspects of holidaymaking and adventuring; with special guests ranging from TV star Shane Richie, Caravan and Motorhome Club member Matt Allwright, adventurer extraordinaire Darren Hardy and chef, author, presenter and TV's 'Bake Off' star, Nadiya Hussain.
In addition, the Freedom To Go Theatre will also host the adorable spaniel trio Max, Paddy and Harry. The popular Top Dog Arena is back for this year's show for visitors to enjoy some spectacular canine agility demonstrations.
Brand new for 2020 is an Electric in Motion area where visitors can ride some of the most cutting-edge electric ride-ons, from bikes for kids and adults alike through to scooters, skateboards and even unicycles. Manufacturers such as Ride and Glide, RooDog and Ribble Cycles will provide demos before giving visitors the chance to take them for a spin on a special indoor course.
Those new to, or perhaps considering taking a foray into the world of caravanning, can try their hand at towing during free one-to-one sessions with experts from The Camping and Caravanning Club. While The Caravan and Motorhome Club will also be offering visitors the chance to get behind the wheel with campervan test drives and motorhome manoeuvring sessions.
The Holiday Park Experience and Glamping Village will give visitors plenty of inspiration when planning 2020 trips.
Tickets for the show are priced at just £8 for adults and £7 for seniors. Tickets on the door cost £10 for adults and £9 seniors - children 15 and under go free.
For further information about The Caravan, Camping and Motorhome Show or to purchase tickets please visit www.ccmshow.co.uk. The latest exhibitors, celebrities and features will be updated regularly on the website.
New Volkswagen T6.1 wins a 'Best Cars 2020' award from Germany's Auto Motor und Sport magazine
Readers of Germany's Auto Motor und Sport magazine have voted the new Volkswagen T6.1 as the winner of the vans category in its annual Best Cars Awards. This is the 20th time Volkswagen has won this category with its people-carrier Multivan (Caravelle in some markets).
With over 100,000 readers participating in the voting, the latest Volkswagen T6.1 achieved a winning 35.5 percent of the readers' votes in the Best Cars 2020 awards. The Mercedes V-Class came second with 21.2 percent and the BMW 2 Series Active Tourer/Gran Tourer was third with 7.5 percent.
The Volkswagen Multivan is the people-carrier version of the Transporter panel van which is iconic base vehicle for many campervan conversions around the world.
Airstream celebrates official opening of its new $40m factory
Airstream held an official christening ceremony for its brand-new $40 million, 750,000 ft² Jackson Centre production facility last month, just down the road from the existing plant which has been Airstream's sole manufacturing location since 1979.
Production of the new plant started in spring 2018 and now enables Airstream to consolidate multiple production spaces into one facility, bringing the assembly of the company’s travel trailers under one roof. The current 255,000 ft² travel trailer plant will be converted for building Airstream’s motorized touring coaches, freeing up production space to support a growing line of products.
The official event was held to mark the end of an era and the beginning of a new one for Airstream, Inc., the manufacturer of the iconic “silver bullet” travel trailer and subsidiary of Thor Industries.
During the event, Airstream President & CEO Bob Wheeler and Airstream COO Justin Humphreys broke a bottle of champagne over the hitch of the first fully manufactured travel trailer in the new building and the final model that was fully manufactured in the old plant.
The event was inspired by historical traditions. A vintage photo shows a beautiful 1938 Airstream Clipper being christened with a bottle of champagne by its new owner. In 1985, a historic champagne christening occurred to celebrate the Airstream China Clipper built specifically for the Caravan America-China program.
The first Airstream travel trailer off the new line, a Globetrotter, and the last off the old line, a Bambi, represent the official hand-off between locations. Both trailers will leave Jackson Center, Ohio with unique badges symbolizing this milestone moment in Airstream history. The Bambi’s badge symbolizes the “End of an Era” and features the address of the former production facility while the Globetrotter’s badge represents “New Beginnings” and includes the new plant’s address.
The new plant will give Airstream staff more space, tools and storage so it can prioritize the quality and craftsmanship that is the hallmark of Airstream travel trailers and touring coaches.
Airstream is the longest-tenured recreational vehicle manufacturer in the world. The company’s mission, as set forth by founder Wally Byam, is to create well-designed, high-quality products that allow people to follow their dreams and explore the world in home-like comfort.
A steadfast commitment to Byam’s commitment to “Let’s not make changes, let’s only make improvements,” has made the aluminum Airstream travel trailer a timeless classic.
Airstream, Inc. is a subsidiary of Elkhart, IN-based Thor Industries, Inc. (NYSE: THO). Thor is the sole owner of 25 brand companies, supported by approximately 210 facilities in five countries that, combined, represent the world’s largest manufacturer of recreational vehicles.