Goshen News, Goshen, IN

Local News

October 21, 2013

Briefly

Elkhart

Drew Industries leaders to talk about earnings

Drew Industries Inc., a manufacturer of components for the recreational vehicle and manufactured housing industries, will release its third quarter 2013 financial results before the market opens Nov. 1.

Drew officials will host a conference call Nov. 1 at 11 a.m. to discuss the company’s results and other business matters.

Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. Others are invited to listen to a live webcast of the call on Drew Industries’ website at www.drewindustries.com.

Participating in the conference call will be: Leigh Abrams, chairman, Jason Lippert, chief executive officer, Scott Mereness, president, and Joe Giordano, chief financial officer and treasurer.

Drew Industries operates Kinro and Lippert Components.

Michigan City

Horizon Bancorp earnings dip

Horizon Bancorp today had lower income in its third quarter and an income increase for its first nine months.

According to the company, third-quarter net income declined 1.3 percent compared to the same period in 2012 to $4.8 million, or $.52 diluted earnings per share. The company attributed the decline to lower income from residential lending, including mortgage warehousing, as demand for mortgage refinancing slowed.

Net income, according to the company, for the first nine months of 2013 rose 9.7 percent compared to the same period in 2012 to $15.8 million or $1.72 diluted earnings per share, the highest first nine months of net income in the company’s history.

Book value per share increased to $14.82 as of Sept. 30 compared to $14.42 and $13.85 at June 30 and Sept. 30, 2012, respectively.

South Bend

Bank has donations for anniversary

To honor its 150th anniversary, 1st Source Bank is inviting the community to help give away money to charitable organizations. One-hundred-and-fifty $1,000 donations, plus two $15,000 donations will be awarded.

The nominations open Monday with people having the opportunity to nominate their favorite charity to receive a donation. Nominations can be made at any 1st Source banking center or online at 1stsource.com/150.

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Three Goshen elementary schools — Chandler, Chamberlain and West Goshen — are providing free meals to all students during the school year as part of the U.S. Department of Agriculture’s Community Eligibility Provision of the Healthy Hunger-Free Kids Act of 2010. Nearly 80 percent of students at Chandler, 89 percent of students at Chamberlain and 78 percent of students at West Goshen already qualify for free or reduced-price lunches based on their family income. How do you feel about the new lunch program?

I think it’s a good idea to feed all the students free of charge
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