Dometic Posts Mixed Q1 Results
May 1, 2023
The company’s marine segment reported increased net sales of $171.5 million, while overall net sales and profits saw declines.
The company’s marine segment reported increased net sales of $171.5 million, while overall net sales and profits saw declines.
Net sales of $596 million were up 11% compared with the previous-year quarter, and profit was reported at $2.6 million.
Net sales of $692.4 million were a 37 percent increase, and operating profit was at a 14 percent margin.
In its first quarter as a separate segment, the marine unit reported net sales of $150 million.
The transaction adds the CDI Electronics and Balmar brands to Dometic’s portfolio.
The $677 million deal significantly bolsters Dometic’s outdoor market offerings in North America.
The Sweden-based mobile living and marine manufacturer aims to halve its carbon emissions by 2030.
The Sweden-based company has added stateside manufacturer Zamp Solar to its holdings.
The company promotes a 20-plus-year employee and adds a vice president of aftermarket sales and e-commerce.
The company saw a 16 percent increase in net sales and 22 percent growth in the marine segment.
The company’s marine segment reported increased net sales of $171.5 million, while overall net sales and profits saw declines.
Net sales of $596 million were up 11% compared with the previous-year quarter, and profit was reported at $2.6 million.
Net sales of $692.4 million were a 37 percent increase, and operating profit was at a 14 percent margin.
In its first quarter as a separate segment, the marine unit reported net sales of $150 million.
The transaction adds the CDI Electronics and Balmar brands to Dometic’s portfolio.
The $677 million deal significantly bolsters Dometic’s outdoor market offerings in North America.
The Sweden-based mobile living and marine manufacturer aims to halve its carbon emissions by 2030.
The Sweden-based company has added stateside manufacturer Zamp Solar to its holdings.
The company promotes a 20-plus-year employee and adds a vice president of aftermarket sales and e-commerce.
The company saw a 16 percent increase in net sales and 22 percent growth in the marine segment.
