James F. Gero purchased $1M worth of shares in LCI Industries, Inc. in February 2018

Mar 08, 2018
Insider Transactions
Background Information
Drew Industries Incorporated (NYSE:DW), through its wholly-owned subsidiaries, Lippert Components and Kinro, supplies a broad array of components for recreational vehicles (“RVs”) and manufactured homes. Drew’s products include windows, doors, chassis, chassis parts, bath and shower units, axles, upholstered furniture, and slide-out mechanisms for RVs. In addition, Drew manufactures components for modular housing, truck caps and buses, as well as for trailers used to haul boats, livestock, equipment, and cargo. From 30 factories across the United States, Drew is an important supplier to nearly all of the leading producers of RVs and manufactured homes. For the twelve months ended December 31, 2012, the RV Segment accounted for 87% of Drew's $901 million in consolidated net sales while the Manufactured Housing Segment accounted for 13%. Drew seeks to maximize profitability and return on assets through strategic acquisitions, new product introductions, market share growth, operational efficiencies and diversification to related industries. The success of these efforts is evidenced by the increase in Drew's average content per RV produced industry-wide, from approximately $700 per RV in 2001 to more than $2,700 per RV for the twelve months ended December 2012, an increase of nearly 300%. Drew's content per average manufactured home has more than doubled since 2001, reaching $1,465 for the twelve months ended December 2012. While increasing our content and market share, management has maintained its focus on profitability and return on invested capital. Executive compensation is based largely on profits, profit growth, and return on investment, with a significant portion paid in equity, helping to ensure that management’s interests are aligned with those of our stockholders