Gehl has announced record first quarter income from continuing operations of $6.5 million, or 52 cents per diluted share, compared with last year’s first quarter income of $6.4 million, or 51 cents per diluted share.
Net sales were lower, however, with a total of $115.2 million compared to net sales from 2006, which were at $122.1 million. The company says strength in the international market, in addition to continued market share gains, resulted in strong first quarter earnings.
Gehl also experienced an improvement in its gross margin – 22.4 percent in the first quarter compared with 21.5 percent last year. Product mix, as well as supply chain resources and investments in hi-tech manufacturing equipment primarily drove the increase, according to the company.