Box trailer sales

Total backlog for the box trailer maker has increased of $1 billion compared to the same quarter last year. The company credited a continued production ramp-up in light of strong customer demand. Consolidated gross profit was $78 million while the operating income was $35.9 million. Total company backlog as of June 30 was about $2.3 billion. An increase of $1 billion compared to the same quarter last year.  For the full-year ending Dec. 31, the company maintained its outlook for revenue of $2.5 billion and EPS of $1.90. Because of the heavily seasonal nature of box trailer ordering, industry backlogs typically decline around 15% during the second quarter as shipments eat into the order book. Demand remains very strong as evidenced by our backlog remaining at $2.3 billion from the first quarter to the second quarter, particularly in light of record shipments during Q2,. “Beyond our productive conversations regarding 2023 build slots, I am particularly pleased by customers’ willingness to think beyond next year’s order cycle to engage in planning a shared vision for the longer term.”

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