Plumbing and Mechanical

Jacuzzi Brands Reports Decreased Sales

June 1, 2006
Jacuzzi Brands reported net sales for the first six months of its fiscal year 2006, which ended March 31, were $556.3 million. This is down from $582.5 million in the first half of fiscal year 2005.

Sales in the Bath Products segment decreased from $372.2 million in 2005 to $362.4 million in 2006. Spa sales increased as a result of improved pricing and mix, despite continued softness in the U.S. spa market. Net sales in the Plumbing Products segment rose, from $158.9 million in 2005 to $193.9 million in 2006. Higher sales were driven by sales of new products, market penetration and industry growth. Net sales increased in the PEX product line largely due to the continued conversion from copper to PEX, the company said.