Jacuzzi Announces Third Quarter Financial Results
In the bath products group, third quarter sales of $253.9 million were up 16.9% vs. third quarter fiscal 2003 sales. Increased sales of domestic spas and domestic whirlpool baths, reflecting strong performance in both jetted and non-jetted baths, contributed to the higher volume, the company said. The United Kingdom also contributed to the sales increase, mainly due to growth in the home center sector.
Sales in the plumbing products segment rose 17.8% to $86.2 million in the third quarter of fiscal 2004 compared with last year. Sales increased across all product lines. The company attributed a slight rebound in the U.S. commercial and institutional construction market coupled with continued targeted marketing programs as the primary factors driving the quarter-over-quarter sales growth.