Ocean Bio-Chem, Inc., parent company of Star Brite RV products, reported record net sales for the fourth quarter and the full year 2021, continuing a nine-year trend of record-breaking sales.
The company reported its fourth quarter net sales were $14 million, up 9%, or $1.1 million, over fourth quarter 2020.
For the full year 2021, net sales were $64.3 million, compared with $55.6 million for the full year 2020, an increase of 16%, or $8.8 million.
Peter Dornau, Ocean Bio-Chem chairman, president, and CEO, said the company is exceptionally pleased with its record sales.
“Over this nine-year period our sales have more than doubled, with more than 75% increase in just the last five years,” Dornau said. “With most of our products manufactured in our own plant in Montgomery, Alabama, our supply chain was not as interrupted as other companies that may be more dependent on imported goods. As a result, the company was able to achieve an on time in full (OTIF) rate of approximately 98%, keeping customers’ inventories at high levels resulting in increased product sell-through to consumers.”
Dornau said this is the sixth consecutive year in a row of record fourth quarter net sales. The fourth quarter 2021 sales growth was primarily in Ocean Bio-Chem’s RV and marine winterizing and antifreeze products.
“The RV industry has seen record sales this past year,” Dornau said. “The company has benefitted from a renewed interest in the outdoors, as families are more focused on out-of-the-house, recreational leisure activities. The leisure boating and RV sectors of the economy bode well for our company as new and existing owners maintain and care for their investments. We see these strong trends continuing into 2022.”
