Q2 SALES UP FOR CASCADE

News Story
- 4 Sep 2003 ( #123 ) - PORTLAND, OR, United States
1 min read
Attachments giant Cascade has reported net sales of USD75.6 million for the second quarter in 2003, an 18% increase over the USD64.3 million reported in Q2 last year.

Cascade's report credited stronger sales in North America and Asia, and the strengthening of foreign currencies against the US dollar, for the performance boost. Foreign currencies contributed 9% of the Q2 increase.

The sales boost positively affected Cascade's bottom line, resulting in net income of USD5.7 million, compared to USD4.5 million in Q2 2002.

Cascade's report said US forklift shipments had increased 10% in Q2 compared to Q2 2002, which was good news for the company's US sales, which rose 14% to USD45.3 million, compared to USD39.8 million in Q2 2002.

European sales rose 23% from USD15.4 million in Q2 2002 to USD18.9 million, due to "the strengthening of European currencies" and Cascade's acquisition of FEMA Forks in March (click here for details).

Cascade president Robert Warren said the Asia-Pacific region, where sales rose 26% from Q2 2002, was "a bright spot". Cascade did not detail the sales figures.

"We're encouraged that the North American market continued to show progress and that our sales generally tracked this growth. On the other hand, European market conditions remain relatively depressed and we don't see significant improvement in the near future," Mr Warren said.
Electric forklift market to grow by 10.2% annually
Electric forklift market to grow by 10.2% annually 5 Dec 2024 - Wilmington, DE, United States - 1 min read
ERA probes digital ‎transformation
ERA probes digital ‎transformation 26 Jan 2023 - Brussels, Belgium - 2 min read
Technology still a major supply chain issue - MHI
Technology still a major supply chain issue - MHI 11 Apr 2019 - Chicago, IL, United States - 1 min read
Previously about:
Smarter Handling: Cascade’s Newest Efficient Tech Advertisement - 1 May 2025 - 4 min read
CeMAT exhibitors upbeat about technology News Story - 8 Aug 2024 - Melbourne, VIC, Australia - 10 min read
Briefs News Story - 17 Aug 2023 - 1 min read
Briefs News Story - 3 Nov 2005 - 1 min read
Cascade-Falkenroth: the smoke clears News Story - 21 Oct 2004 - PORTLAND, OR, United States - 1 min read
CASCADE ACQUIRES FEMA News Story - 10 Apr 2003 - PORTLAND, United States - 1 min read
Do you have materials handling news? Submit your news here

PREMIUM business

Zhejiang UN Forklift Co., Ltd
Manufacturer of IC forklifts, electric forklifts and warehouse equipment.

“Over the years, your platform has played a key role in expanding our global presence — connecting us with industry professionals and promoting our advanced products, including our 50T electric forklift...Forkliftaction has helped us stay informed and competitive in a rapidly evolving market…”  - Bill Cai, Director, Overseas Division, Fujian Southchina Heavy Machinery Manufacture Co., Ltd

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

“Over the years, your platform has played a key role in expanding our global presence — connecting us with industry professionals and promoting our advanced products, including our 50T electric forklift...Forkliftaction has helped us stay informed and competitive in a rapidly evolving market…”  - Bill Cai, Director, Overseas Division, Fujian Southchina Heavy Machinery Manufacture Co., Ltd

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

Inside The News
As part of Forkliftaction’s 25th anniversary celebrations, we have dug into the archive and, over the next year, will be highlighting a carefully curated selection of historical stories we have published over this time... Continue reading

PREMIUM business

Shenzhen Wellwit Robotics Co., Ltd
The Largest AMR/AGV ODM/OEM Manufacturer in China.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

“Over the years, your platform has played a key role in expanding our global presence — connecting us with industry professionals and promoting our advanced products, including our 50T electric forklift...Forkliftaction has helped us stay informed and competitive in a rapidly evolving market…”  - Bill Cai, Director, Overseas Division, Fujian Southchina Heavy Machinery Manufacture Co., Ltd

Thanks for your support! Read the full testimonial & more industry messages ♥ here.