Supreme Industries (STS) Misses Q2 EPS by 8c

Supreme Industries (NYSE: STS) reported Q2 EPS of $0.37, $0.08 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $95.47 million versus the consensus estimate of $113.06 million.

“We shipped considerably more rental fleet truck bodies during the second quarter as compared to last year. Our quarterly net income of $6.3 million represents our second highest quarterly results, only surpassed by our record set in the second quarter of 2016,” said Mark Weber, President and Chief Executive Officer. “In addition to the unfavorable mix, we also experienced material cost increases that have recently been addressed with a mid-year pricing adjustment that should benefit margins during the second half of 2017.”

For earnings history and earnings-related data on Supreme Industries (STS) click here.

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