As we approach the beginning of 2024, I am thrilled to share with you the highlights of our journey last year and our exciting plans for the rest of this year. 2023: A Year of Exceptional Achievement It is with immense pride that I announce 2023 as the second-best year in the history of Lou-Rich
Sales Update So far in 2023 we have experienced a above budget Q1, a slight softening in Q2, and in Q3 production demands have leveled with no sign of dropping any further. Q4 looks to be very similar to Q3 with the possibility of some production upticks. We certainly remain optimistic that 2023 will continue
I hope this message finds you well as we wrap up Q2 here at Lou-Rich. It's been a busy Quarter, filled with growth, new opportunities, and exciting developments. I wanted to share some updates and achievements from our team. Sales Update I'm happy to report that we’ve had a solid first 6 months at Lou-Rich.
As we approach the end of Q1, we are glad to report that our sales outlook continues to remain strong. There has been talk of a potential recession, but we have not been seeing any signs of this in our forecasted orders. In our efforts to improve our operations and meet the growing demands of
It is the middle of December, which means there is much happening here at Lou-Rich. Everyone is focused on what we have remaining for customer shipments through the end of the year and making sure those demands ship out on time. We want to finish out December as strongly as the rest of the months
A “Good Time” was had by all at our 50th Anniversary Celebration on the 18th. We rented out our local County Fairgrounds in Albert Lea, MN where employee-owners, retirees, and families from the Innovance family of brands all got together to celebrate. The night included a musical performance by Country music artist Niko Moon,
During the first and second weeks of Q3, Lou-Rich, like most businesses spends a good amount of time reviewing our key performance indicators for the first half of the year. This year it is fun to look back, review, and report out on them. Lou-Richs’ sales so far have exceeded expectations by 12.7%. That means
We normally are not ones to boast here at Lou-Rich, but recently there are certainly lots of reasons to celebrate. We are currently continuing to celebrate our 50th year in business, we were recently named Large Manufacturer of the Year by the Minneapolis/St. Paul Business Journal, and the past two consecutive months have been overall
This year Lou-Rich will reach a very significant milestone is our companies’ history; 50 years in business. One of the things engrained in the culture of the organization is never being satisfied with how things operate as they do today. Lou-Rich is full of people who start a lot of conversations with, “well, what if
And just like that, it is 2022! What a year 2021 was. It feels like 2021 was a constant blur with all the challenges it presented us. Through all the challenges that came our way, our team persevered and had a great year, exceeding our budgeted overall sales goals. I want to thank all our
