Featherlite loses money

Featherlite Inc. today reported a consolidated net loss of $676,000 for the first quarter on revenues of $41.7 million. The trailermaker said the loss was caused in large part by reduced gross profit due to lower net sales in the first quarter. Featherlite had a profit of $1.1 million on net sales of $60.6 million in the first quarter of 2002.

Featherlite Inc. today reported a consolidated net loss of $676,000 for the first quarter on revenues of $41.7 million.

The trailermaker said the loss was caused in large part by reduced gross profit due to lower net sales in the first quarter.

Featherlite had a profit of $1.1 million on net sales of $60.6 million in the first quarter of 2002.

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