Trailer Orders

Eric Starks, Chairman of the Board, commented, “With orders coming in below production levels, backlogs in February fell somewhat, shedding more than 11,500 units to end at more than 151,000 units. The increase in production coupled with the fall in backlogs resulted in some reduction in the backlog-to-build ratio, which stands at 6.4 months. This ratio is slightly below the average level for the last half of 2023 but is above the historical average prior to 2020. The current ratio suggests that, overall, trailer manufacturers have little incentive to alter production levels in the near term.”