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coast distribution system/de (CRV) Snapshot

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03/27/14 - $4.10
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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. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Coast Distribution System Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net sales increased by 3.5% to $36.8 million, compared to net sales of $35.6 million in the second quarter of 2013, notwithstanding the unusually severe winter weather conditions that continued into the quarter, which delayed the start of the RV season in the Midwestern, Northeastern, and Southeastern regions of the United States and throughout most of Canada. The increase in net sales during the second quarter was due in large part to sales of these new products, as well as an increase in sales to specialty retailers. The company reported net earnings of $787,000, or $0.16 per diluted share, compared to net earnings of $1,097,000, or $0.23 per diluted share reported a year ago. Operating income was $1,518,000 compared to $1,996,000 reported a year ago. Earnings before income tax provision was $1,337,000 compared to $1,816,000 reported a year ago. Financial results for this quarter included the negative impact of costs recognized in connection with the closing of the Taiwan facility and delays in obtaining some of its proprietary products from Asia. For the first six months of 2014, the company reported net earnings of $49,000, or $0.01 per diluted share, compared to net earnings of $158,000, or $0.03 per diluted share, for the first six months of 2013. Net sales increased 1.1% to $61.7 million, up from $61.0 million for the same six months of 2013. Operating income was $562,000 compared to $827,000 reported a year ago. Earnings before income tax provision was $211,000 compared to $458,000 reported a year ago.

Coast Distribution System Inc., Annual General Meeting, Aug 26, 2014

Coast Distribution System Inc., Annual General Meeting, Aug 26, 2014., at 10:00 Pacific Standard Time. Location: 350 Woodview Avenue. Agenda: To elect James Musbach and Thomas G. Faludy as the Class II Directors of the company for a term of three years and until their successors are elected; to ratify the appointment of Burr Pilger Mayer Inc. as the company's independent registered public accounting firm for the fiscal year ending December 31, 2014; to approve, by non-binding advisory vote, the compensation of its named executive officers for the year ended December 31, 2013; and to transact such other business as may properly come before the annual meeting or at any adjournment or postponement thereof.

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.


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