U.S. car bridge Q2 revenue climbed 8.1% and net profit soared 4.5 times
Geither Automobile Network reported on August 5 that Bridge Manufacturing in the United States announced that its business income and net profit in the second quarter of this year had grown steadily thanks to the strong recovery of the light truck market in the United States.
In the second quarter of this year, vehicle and bridge business revenue in the United States reached 799 million US dollars, up 8.1% from 740 million US dollars in the same period last year. Among them, non-general business generated a more significant increase in business revenue, which increased by 12.9% to 224 million US dollars from the same period last year, and its share of business income rose to 28% from 26.8% in the same period last year.
David C. Dauch, president and CEO of American Bridge, said that due to the strong recovery of the North American light truck market and a series of new products launched by the company for customers, the performance of American Bridge in the last quarter achieved steady growth. These factors and our improved operational efficiency are expected to continue to increase our performance in the second half of the year.
Operating profit of U.S. automobile bridge in the last quarter was $61.7 million, up 104% from a year earlier, while operating profit margin soared to 4.1% from 7.7% in the same period last year. Net profit of the company in the last quarter surged to $25.8 million, up 449% from $4.7 million in the same period last year.
In terms of overall performance in the first half of the year, the total revenue of vehicle and bridge business in the United States reached 1.56 billion US dollars, an increase of 4.7% over the same period last year. Among them, the revenue generated by non-general business reached 412 million US dollars, an increase of 5.1% over the same period last year.
The company's first half cumulative operating profit was still lower than that of the same period last year, at $1.06 billion, down 1.2% from the same period last year, and its operating profit margin fell to 6.8% from 7.2% in the same period last year.