Elkhart's Coachmen Industries reports $19.2 million loss for 2008

Greater Fort Wayne Business Weekly

Coachmen Industries, which late last year sold its recreational-vehicle business to another northeast Indiana manufacturer, reported a net loss from continuing operations of $19.2 million, or $1.22 per share, in 2008.

That compares with a net loss from continuing operations of $10.9 million, or 69 cents per share, in 2007.

The Elkhart-based company had a fourth-quarter net loss from continuing operations of $19.7 million, or $1.24 per share, versus a net loss of $7.2 million, or 46 cents per share, in the prior-year period.

Counting discontinued operations, which includes Coachmen's Dec. 26 sale of its RV business to competitor Forest River, the net loss for 2008 was $68.2 million. For fourth-quarter 2008, the net loss was $52.1 million.