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Last $3.69 USD
Change Today 0.00 / 0.00%
Volume 3.0
CRV On Other Exchanges
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

coast distribution system/de (CRV) Snapshot

Previous Close
Day High
Day Low
52 Week High
04/20/15 - $4.10
52 Week Low
07/29/14 - $2.89
Market Cap
Average Volume 10 Days
Shares Outstanding
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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 recreational vehicles (RV) primarily to retail parts and supplies stores, service and repair establishments, and new and used RV and boat dealers in North America. The company distributes RV products that include 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, and chemicals and supplies, as well as various accessories, such as ladders, jacks, fans, load stabilizers, outdoor furniture, mirrors, and compressors. It also offers proprietary products, including trailer hitches and other towing equipment, plastic wastewater tanks, vent lids, stabilizing jacks, battery boxes, and LED lighting. In addition, the company markets and sells portable generators and other products to distributors; national and regional home improvement and home accessories chains; catalogue stores; hardware stores; and agricultural equipment outlets. It supplies approximately 14,000 products through its regional distribution centers in the United States and Canada. The Coast Distribution System, Inc. was founded in 1977 and is based in Morgan Hill, California.

280 Employees
Last Reported Date: 03/31/15
Founded in 1977

coast distribution system/de (CRV) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $250.0K
Founder and Executive Chairman
Total Annual Compensation: $224.4K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $206.0K
Compensation as of Fiscal Year 2014.

coast distribution system/de (CRV) Key Developments

Coast Distribution System Inc. Announces Retirement of Ben A. Frydman as Member of Board of Director

Coast Distribution System Inc. announced that Ben A. Frydman retired as a member of the company's board of directors effective May 22, 2015. Mr. Frydman informed the other members of the Board that his decision to retire from the Board of Directors was not due to, and he does not have, any dispute or disagreement with the company’s operations, policies or practices or with management or any of the other members of the Board.

Coast Distribution System Inc. and Bank of America N. A., Enter into the 20th Amendment to the Credit Line Agreement

On May 4, 2015, Coast Distribution System Inc. and Bank of America N. A., entered into the 20th Amendment to the Credit Line Agreement (the 20th Amendment), which extends the maturity date of the line of credit by one year, from July 10, 2017 to July 10, 2018; increases the maximum amount of borrowings that may be outstanding at any one time under the credit line to $30 million, and reduces the interest rate on credit line borrowings by 25 basis point. The Company obtained the increase in the maximum amount of borrowings permitted under the credit line primarily for the purpose of financing increases in inventories and accounts receivable in anticipation of a continuing increase in its product sales during the remainder of 2015 as compared to 2014.

Coast Distribution System Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Coast Distribution System Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net loss of USD 475,000, or USD 0.10 per basic and diluted share compared to net loss of USD 738,000, or USD 0.15 per basic and diluted share a year ago. Net sales were USD 28,492,000 against USD 24,855,000 for the same period a year ago. Operating loss was USD 543,000 against USD 956,000 for the same period a year ago. Loss before income taxes was USD 741,000 against USD 1,126,000 for the same period a year ago. The company attributes the increase in 2015 first quarter sales to a number of factors, including a recent consolidation of competitors in the RV channel, which enabled Coast to gain market share, and a positive response by customers to newly-introduced towing and outdoor power equipment products, as well as the improvement in RV industry trends due primarily to a strengthening of the economy and increasing consumer confidence.


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