I am about a month late with this post. The past year or two I have made a topic on this board asking about the performance of your business for the previous 6 month period and ask about outlook for the next 6 months. We have had some great discussions in the past and hopefully we can keep that going.
We are an equipment company in Central Texas down into San Antonio. The year started out a bit cautious, we'd have a great month followed by an abysmal month. Seemed like April was rough for our industry in general but has slowly been on a climb since bottoming in April. Through the first half, we were relatively flat YoY. Then July rolled around and was a record month for our company after anxiety just a couple months earlier!
That record month we had in July doesn't seem to be showing any signs of weakness in August. We intend to increase our capex budget for the remainder of the year and we have changed our sentiment to being fairly bullish. We are going to add a salesman in the second half to keep trying to make hay while the sun shines so to speak.
Something that's interesting… our business used to be fairly reliant on residential construction. Today, most of that business has vanished. Fortunately we made a shift to focusing on commercial when we realized macro pressures were going to squeeze residential a couple years ago. Commercial construction has remained resilient on our end, but I hear it's concentrated in larger GCs and smaller GCs are starting to struggle to find work.
Overall, we are looking forward to growing our fleet and carrying this bit of momentum into the end of the year.
We are an equipment company in Central Texas down into San Antonio. The year started out a bit cautious, we'd have a great month followed by an abysmal month. Seemed like April was rough for our industry in general but has slowly been on a climb since bottoming in April. Through the first half, we were relatively flat YoY. Then July rolled around and was a record month for our company after anxiety just a couple months earlier!
That record month we had in July doesn't seem to be showing any signs of weakness in August. We intend to increase our capex budget for the remainder of the year and we have changed our sentiment to being fairly bullish. We are going to add a salesman in the second half to keep trying to make hay while the sun shines so to speak.
Something that's interesting… our business used to be fairly reliant on residential construction. Today, most of that business has vanished. Fortunately we made a shift to focusing on commercial when we realized macro pressures were going to squeeze residential a couple years ago. Commercial construction has remained resilient on our end, but I hear it's concentrated in larger GCs and smaller GCs are starting to struggle to find work.
Overall, we are looking forward to growing our fleet and carrying this bit of momentum into the end of the year.