Krause Reports One of the Company’s Best Years

October 20, 2009 09:41 AM
Krause Corporation Chief Operating Officer and President Dick Brown said the company is having one of its best years and continues to see higher sales.
Krause is coming off one of its best years since company founder Henry Krause invented the one-way plow in a small western Kansas shop in 1916. Krause saw a 43% boost in sales for Fiscal Year 2009, which ended June 30, Brown said.
Employment also rose by 15% in the past year and 25% in the past three years, Brown said. Sales did soften this quarter, but Brown said the release of the new tillage product, the Gladiator, has helped.
Brown said he doesn't expect a repeat of 2009 and admits sales are somewhat softer this quarter because of the market declines.
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