Collins Industries sees higher profits

Nov. 21, 2001
Collins Industries, an ambulance, school bus, and yard-jockey manufacturer based in Hutchinson, KS, saw its 2001 fiscal fourth quarter profits increase 7%. Collins said its fourth quarter net income for its fiscal 2001 increased to $1.05 million compared to $987,598 in the same period during its fiscal 2000. Collins said the higher profits mostly came from increased ambulance sales. The company’s
Collins Industries, an ambulance, school bus, and yard-jockey manufacturer based in Hutchinson, KS, saw its 2001 fiscal fourth quarter profits increase 7%.

Collins said its fourth quarter net income for its fiscal 2001 increased to $1.05 million compared to $987,598 in the same period during its fiscal 2000. Collins said the higher profits mostly came from increased ambulance sales. The company’s fourth-quarter revenues, however, decreased 7% to $57million compared to $61.4 million in the same period in fiscal 2000 – mainly as a result of lower sales in terminal trucks and school buses.

For its fiscal 2001 year, Collins said sales decreased 6% overall to $207 million compared to $220.9 million in fiscal 2000. Net income also declined for fiscal 2001, dropping to $2.38 million from $4.15 million in fiscal 2000. The company added that its sales backlog as of October 31 was $38.8 million compared to $46.7 million at the same point last year.

About the Author

Sean Kilcarr | Editor in Chief

Sean previously reported and commented on trends affecting the many different strata of the trucking industry. Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

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