Lexington, KY- July 22, 2010
CLARK Material Handling Company (CMHC) is pleased to report that it’s first half 2010 performance is well ahead of plan and that the company’s profits and revenues are continuing to grow. The U.S industrial forklift truck rider market is up 47% over 2009 through June while CLARK’s business is up in excess of 80% during the same period. This continued growth has resulted in a market share increase for CLARK year over year. This growth is attributable to strong performance in the area of Dealer orders, the US Government business sector, a growing National Account presence, improved aftermarket parts orders, and Dealer participation in Dealer Administered Major Accounts (DAMA).
CLARK has a carefully planned product introduction schedule for the balance of 2010. These plans include the recently released Hyundai engine to its internal combustion cushion and pneumatic tired product line, the new OSX order selector and the new C40/55 (8,000 lb. to 11,000 lb.) internal combustion pneumatic tired trucks.
The CLARK aftermarket division has continued to focus on increasing its Totalift ® “All Makes” program with the addition of such product lines as T-Series forks, tires and industrial chargers. Off the shelf availability out of CLARK’s dedicated parts distribution facility in Louisville, KY remains in the high 90 percent range with nearly 100% on-time shipment performance.
Dennis Lawrence, President and CEO of CLARK commented,” The entire organization has done a very good job in remaining dealer and customer focused. This continuous responsibility to serve and respond to our Dealer network is critical to our ongoing progress. We have also done a great job in maintaining expense levels across the entire business, without sacrificing people or service. This has had a significant impact on the company’s strong performance in the first half of 2010. The balance of the year looks strong for the CLARK brand both in the North America and globally.”
