Goshens Supreme Industries sales down in second quarter of 2013
Posted: 08/01/2013 at 2:00 pm
By: Truth Staff
The gross margin as a percentage of sales improved over the same quarter last year and up from the first quarter of 2013, according to the company’s quarterly announcement.
Net sales were $76.5 million for the quarter, down 9.5 percent from last year’s second-quarter figure of $84.6 million. The margin figure was $13.6 million, up 17.8 percent over last year’s second quarter and up 17.3 percent over the first quarter of 2013.
“We experienced increased sales of retail trucks in the first half of the year, which helped to offset the lower fleet truck sales. Subsequent to the end of the quarter, key fleet operators have placed orders, which bodes well for 2013’s second half,” said Mark Weber, president and chief executive of Supreme.
Net income for the quarter was $900,000, or 6 cents per diluted share, compared to net income of $5.4 million or 33 cents per share during the same quarter in 2012.
Supreme makes specialized truck bodies, shuttle buses, armored vehicles and equipment for industrial, commercial and law enforcement customers.