First Quarter 2021 Highlights (all metrics compared to First Quarter 2020 unless otherwise noted)
- Net sales of $850.5 million increased 44%, driven by strong demand across all market sectors
- Operating income of $68.5 million increased 74%
- Operating margin of 8.1% increased 140 basis points
- Net income of $47.5 million increased 124%
- Diluted earnings per share of $2.04 increased 124%
- Operating cash flows of $50.3 million increased 281%
- Completed acquisition of Sea-Dog Corporation
- Subsequent to quarter end, completed acquisition of SeaDek, $350 million notes offering due 2029 and credit facility expansion and extension
PR Newswire
ELKHART, Ind., April 29, 2021
