Bell Industries reports drop in sales in its recreational division
August 14, 2007
Filed under Features
Bell Industries’ recreational products division, which provides aftermarket parts to primarily Midwest dealerships, is reporting reduced revenue for its second quarter and first half.
Bell Industries’ first-half sales of $24.6 million declined 2 percent compared to the year-ago period while its second-quarter revenue of nearly $14 million fell 3.6 percent.
Overall, Bell Industries is reporting a doubling of its revenue (to $102.1 million from $56.1 million) from its fiscal first half thanks in part to its January 2007 acquisition of SkyTel.
For its first-half, Bell Industries incurred a net loss of $6.3 million compared to a net gain of $3.9 million last year at this time. That gain included the sale of discontinued operations.