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coast distribution system/de (CRV) Snapshot

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coast distribution system/de (CRV) Details

The Coast Distribution System, Inc. operates as a wholesale supplier of replacement parts, supplies, and accessories for the recreational vehicle (RV) and boats primarily to retail parts and supplies stores, service and repair establishments, and new and used RV and boat dealers in North America. It distributes RV products, including antennae, vents, electrical items, towing equipment and hitches, air conditioners, refrigerators, stoves and ranges, LP gas equipment, portable toilets and plumbing parts, hardware and tools, specialized recreational vehicle housewares, chemicals and supplies, and various accessories, such as ladders, jacks, fans, load stabilizers, outdoor furniture, mirrors, and compressors. The company also sells proprietary products, such as trailer hitches and other towing equipment, plastic wastewater tanks, vent lids, stabilizing jacks, battery boxes, and LED lighting products, which are manufactured by various independent manufacturers for RV and boating customers. In addition, it markets and sells portable generators and other products to distributors, catalogue stores, hardware stores, agricultural equipment outlets, and national and regional home improvement and home accessories chains. The company supplies approximately 11,000 products serving approximately 13,000 customers through 13 regional distribution centers in the United States and 4 regional distribution centers in Canada. The Coast Distribution System, Inc. was founded in 1977 and is headquartered in Morgan Hill, California.

275 Employees
Last Reported Date: 03/31/14
Founded in 1977

coast distribution system/de (CRV) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $245.7K
Founder and Executive Chairman
Total Annual Compensation: $222.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $202.4K
Compensation as of Fiscal Year 2013.

coast distribution system/de (CRV) Key Developments

Coast Distribution System Inc. Announces Resignation of John W. Casey as Director, with Effect from August 26, 2014

Coast Distribution System Inc. announced that John W. Casey, who has been a member of the company's board of directors since 1997, notified the company that he has decided, for personal reasons, not to stand for reelection to the board when his current term of office expires on August 26, 2014, the date of the company's upcoming annual meeting of stockholders.

Coast Distribution System Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Coast Distribution System Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net loss of $738,000, or $0.15 per diluted share, compared to a net loss of $939,000, or $0.20 per diluted share, in the same quarter of 2013. This improvement was primarily attributable to an increase in gross margin and a reduction in selling, general and administration expenses. Net sales for the 2014 first quarter declined by 2.1%, to $24.9 million, compared to net sales of $25.4 million in the first quarter of 2013. The Company's net sales were adversely impacted by the unusually severe and extended winter weather conditions that persisted throughout the Midwest, Northeast, and Southeast regions of the United States and throughout most of Canada. Operating loss was $956,000 against $1,169,000 for the same period a year ago. Loss before income taxes was $1,126,000 against $1,358,000 for the same period a year ago.

Coast Distribution System Inc. Enters into Distributor Agreement with Purple Line

Coast Distribution System Inc. announced it has entered into an agreement to become the exclusive distributor of Purple Line products to towable RV enthusiasts throughout North America. The relationship means that RV dealers in North America will have immediate access to Purple Line's Trailer Mover motor systems and trailer upgrade products. In addition, Coast will join with Purple Line to develop marketing and training programs for its dealers. Purple Line's array of Trailer Movers equip a conventional trailer with remote-controlled motors that more easily move the trailer for hitching, parking and leveling, without the aid of a tow vehicle. With the simple touch of the buttons on the wireless remote control unit, the operator can easily maneuver the trailer while walking around it to check clearances and position. Dealers can order Purple Line products from Coast Distribution effectively immediately.


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