July 14 (Reuters) - National R.V. Holdings Inc. on Friday said its second-quarter earnings will be hit by more than $5 million, due to defective fiberglass sidewall material used on about 70 motorhomes.
About two-thirds of the defective units were replaced by June 30. Costs to complete and ship the remaining units will affect the company's third-quarter results by a lesser degree, it said, adding that the impact to cash flows in the short term will exceed $13 million.
...Sign in to access
this Article
"National RV says defective material to hit Q2 results by $5 mln" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
