Specialty Trailer Company Manac Posts Higher Net Income in Q1

Manac Inc. (TSX: MA), a North American leader in the design and the manufacture of specialty trailers, has reported a net income of $4.3 million or $0.25 per share for the first quarter of 2015, compared with a net income of $1.6 million or $0.10 per share for the corresponding period in 2014.

Revenues for the first quarter totaled $95.9 million, compared with $66.2 million for the corresponding period in 2014, an increase of 45%. “The year 2015 starts very well for Manac, supported by the backlog level at the end of 2014, solid trucking industry dynamic and our increased production levels.The continued decrease of the Canadian dollar during the first quarter of 2015 negatively impacted the Company’s cost of material, although our hedging strategy has helped mitigate the effect on our results.” mentioned Charles Dutil, President and Chief Executive Officer.

The Company’s backlog remains strong at $165.3 million on March 28, 2015. This compares to $98.4 million on March 29, 2014 and to $173.5 million on December 31, 2014.

Manac is the largest manufacturer of trailers in Canada and a leader in the manufacturing of specialty trailers in North America. Manac offers a wide range of vans, flatbeds and specialty trailers such as dumps, low beds, grain hoppers, chassis, chip and logging trailers, all of which are sold in Canada and the United States.

Category: Cab, Trailer & Body New, Featured, General Update