Peter Gallagher Joins Cyclonix
Morgan Hill – Cyclonix, a creator of face-to-face sales, marketing and experiential environments, has announced that award winning designer and industry veteran Peter Gallagher has joined the Cyclonix team as chief creative officer.
Cyclonix hired Gallagher to take advantage of his diversified experience which includes design, design management and general management. “Peter knows this business inside out. He knows how to translate brands into environments and he knows how to make things happen for clients,” says Marty McGreevy, president of Cyclonix.
Coast Reports First Quarter 2007 Results
Morgan Hill – The Coast Distribution System, one of North America’s largest suppliers of aftermarket replacement parts, accessories and supplies for the recreational vehicle and marine industries, has reported a net loss of $642,000, or $0.15 per diluted share, on net sales of $43.6 million for the first quarter 2007, compared with net earnings of $1.1 million, or $0.24 per diluted share, on net sales of $51.5 million for the same period of 2006.
The company attributed its loss in the first quarter of 2007 to a 15 percent reduction in year-over-year net sales, driven by a decline in retail sales in the RV and boating industries.
“We continue to face challenges due to softness in our primary markets, as our sales decline in the first quarter was in line with industry-wide sales declines,” said Coast Chairman and CEO Thomas R. McGuire. “We are concerned by the rise in fuel prices in the last several months, which are creating higher shipping costs for Coast while also putting pressure on the RV and marine industries. We are pleased with our efforts to manage our overhead in the quarter, as we slightly reduced our selling, general and administrative expenses year-over-year.”
Coast reported gross margin of 18.7 percent in the first quarter of 2007, compared with 20.6 percent for the same period in 2006.
Details: www.alientechnology.com
