Based on initial preliminary business figures, Wacker Neuson generated preliminary revenue of about $770 million in the second quarter of 2023, representing year-on-year growth of 26.8 percent compared to the similar period in 2022, with revenue of about $608 million.
Preliminary earnings before interest and taxes (EBIT) were about $93 million, up 84 percent from the previous year’s EBIT of about $53 million.
The company revised its forecast for the remainder of the year to between $2.76 billion and $2.98 billion, approximately. Previous guidance was between $2.54 billion and $2.76 billion, approximately.
The revised forecast reflects the positive business development in the first half of 2023 and at the same time takes into account possible changes in the economic environment in the further course of the year, according to Wacker Neuson.
Source: Wacker Neuson
About the Author
Rod Sutton
Sutton has served as the editorial lead of Construction Equipment magazine and ConstructionEquipment.com since 2001.
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