Q2 Revenue Up 28% for Wacker Neuson

Wacker Neuson Q2 revenue was about $580 million, up 28.1 percent from the same period in 2020. The company said year-to-date revenue was up 16.5 percent to about $1.1 billion.

“The first half of the year was a success, but not easy,” said CEO Karl Tragl in a prepared statement. “We are back in growth mode and have seen a rise in profitability plus strong cash generation. Demand for our products is developing dynamically, but recent weeks have seen our supply chains severely overstretched, and in some cases, interrupted. This situation presents us with major productivity and delivery challenges.”

Orders grew over the first half of the fiscal year, the company said, but “major delays and repeated disruptions to global supply chains meant that orders could not be fulfilled in the planned timeframes.”

“The situation with global supply chains will remain our biggest challenge for the foreseeable future,” said Tragl in a statement. “We need to maximize production flexibility so we miss as few manufacturing windows as possible but are increasingly reaching the limits of what is feasible here. In addition to this, we are facing ever-rising prices for raw materials, components and shipping. We expect these developments to have a greater impact on revenue and earnings in the second half of the year.”

Revenue for the Americas in the first half of the year amounted to about $186 million, the company reported, up 10.5 percent over the same period last year. It cited a gradual increase in demand from rental companies.