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
Let me start by asking a simple question. Have you ever played the game Whack-A-Mole? You know, where you try your best to hit the pesky rodent when he unexpectedly pops out of a random hole? Well, that is sort of what life has become at Lou-Rich trying to navigate supply chain issues, escalating raw
Some Challenges Behind and Some New Ones Ahead As we already find ourselves halfway through 2021, thankfully life at Lou-Rich has returned to a level of normalcy comparable to early 2020. While some of our covid restrictions remain, many of them have been lifted. Mask mandates are no longer in our facilities. Customer and supplier
Lou-Rich recently held several Business Review meetings with some of our customers and the feedback was quite interesting. Most of them are doing quite well and they are seeing increased demands driving up both short-term and long-term forecasts. The industries represented include power generation, medical equipment, heavy industrial equipment, foodservice equipment, agriculture, and casting companies.
