In 2005, financial performance varied widely among manufacturers in the work truck industry, according to the recently released National Truck Equipment Association (NTEA) 2006 Manufacturer Financial Performance Report.
The typical truck equipment manufacturer had sales of more than $10 million and a pre-tax profit of 3.2%, while the high-profit companies had sales of more than $11 million and a pre-tax profit of 8.6%. The high-profit category includes the top 10 companies based on pre-tax return on assets.
With this report, manufacturers will have crucial information to identify high performance factors that will have the greatest impact on profitability. As a result, they can focus their attention and deploy their resources in the most efficient and effective manner.
The Report includes an Executive Summary that provides an overview of the study and emphasizes the differences between the typical company and the high-profit company.
The survey was conducted and compiled for the NTEA by the Mackay Research Group (Lafayette, CO).
Participants have received the Report free-of-charge, while it is available to nonparticipating NTEA members for $50 and nonmembers for $100.
To purchase a copy or for additional information, call 1-800-441-NTEA (6832) or visit www.ntea.com