Monaco Coach Corporation Reports Expectations for First Quarter Results

Apr 03, 2001, 01:00 ET from Monaco Coach Corporation

    COBURG, Ore., April 3 /PRNewswire/ -- Monaco Coach Corporation (NYSE:   MNC)
 today indicated that it expects to report earnings per share of $0.26 to
 $0.30 on revenues of approximately $205 million to $210 million for the period
 ending March 31, 2001.
     "Circumstances that affected the RV industry in the latter half of 2000
 continued into the recent first quarter," stated Monaco Coach Corporation Vice
 President and Chief Financial Officer Marty Daley.  "We anticipate these
 factors continuing into the second quarter of 2001, contributing to financial
 results that closely mirror those of the first quarter 2001."
     "Despite challenges within our market, we see several encouraging signs
 and we believe that we will see strengthening in the second half of the year,"
 added Monaco Coach Corporation President John Nepute.  "We continue to gain
 market share.  Our January 2001 Class A market share rose to 17.6%, up from
 13.4% in January 2000.  Additionally, recent interest rate reductions should
 have a positive impact on retail dealers' willingness to finance inventory,
 which should encourage restocking of our products that continue to retail
 well."
     Headquartered in Coburg, Oregon, with additional manufacturing facilities
 in Indiana, Monaco Coach Corporation is one of the nation's leading
 manufacturers of recreational vehicles.  The company offers customers luxury
 recreational vehicle models under the Monaco, Holiday Rambler, McKenzie and
 Royale Coach brand names.
     The statements in this press release regarding expected first quarter
 earnings and revenues, market conditions for the second quarter and second
 half of 2001, retail demand for the Company's products, the Company's ability
 to maintain market share gains and the impact of interest rate reductions are
 forward-looking statements based on current information and expectations and
 involve a number of risks and uncertainties.  Actual results and events may
 differ materially from those projected in such statements due to various
 factors, including but not limited to: higher than anticipated sales expenses,
 slower than anticipated sales of new and existing products, a general slowdown
 in the economy or new product introductions by competitors.  For more
 information concerning these and other possible risks, please refer to the
 Company's Form 10-K, Forms 10-Q and other filings with the Securities and
 Exchange Commission.  These filings can be accessed over the internet at
 http://www.sec.gov.
 
     Note:  News releases and other information on Monaco Coach Corporation can
 be accessed at www.monaco-online.com on the Internet.
 
 

SOURCE Monaco Coach Corporation
    COBURG, Ore., April 3 /PRNewswire/ -- Monaco Coach Corporation (NYSE:   MNC)
 today indicated that it expects to report earnings per share of $0.26 to
 $0.30 on revenues of approximately $205 million to $210 million for the period
 ending March 31, 2001.
     "Circumstances that affected the RV industry in the latter half of 2000
 continued into the recent first quarter," stated Monaco Coach Corporation Vice
 President and Chief Financial Officer Marty Daley.  "We anticipate these
 factors continuing into the second quarter of 2001, contributing to financial
 results that closely mirror those of the first quarter 2001."
     "Despite challenges within our market, we see several encouraging signs
 and we believe that we will see strengthening in the second half of the year,"
 added Monaco Coach Corporation President John Nepute.  "We continue to gain
 market share.  Our January 2001 Class A market share rose to 17.6%, up from
 13.4% in January 2000.  Additionally, recent interest rate reductions should
 have a positive impact on retail dealers' willingness to finance inventory,
 which should encourage restocking of our products that continue to retail
 well."
     Headquartered in Coburg, Oregon, with additional manufacturing facilities
 in Indiana, Monaco Coach Corporation is one of the nation's leading
 manufacturers of recreational vehicles.  The company offers customers luxury
 recreational vehicle models under the Monaco, Holiday Rambler, McKenzie and
 Royale Coach brand names.
     The statements in this press release regarding expected first quarter
 earnings and revenues, market conditions for the second quarter and second
 half of 2001, retail demand for the Company's products, the Company's ability
 to maintain market share gains and the impact of interest rate reductions are
 forward-looking statements based on current information and expectations and
 involve a number of risks and uncertainties.  Actual results and events may
 differ materially from those projected in such statements due to various
 factors, including but not limited to: higher than anticipated sales expenses,
 slower than anticipated sales of new and existing products, a general slowdown
 in the economy or new product introductions by competitors.  For more
 information concerning these and other possible risks, please refer to the
 Company's Form 10-K, Forms 10-Q and other filings with the Securities and
 Exchange Commission.  These filings can be accessed over the internet at
 http://www.sec.gov.
 
     Note:  News releases and other information on Monaco Coach Corporation can
 be accessed at www.monaco-online.com on the Internet.
 
 SOURCE  Monaco Coach Corporation