Massimo, the American manufacturer of UTVs, ATVs, pitbikes, the famous mini Jeep, and countless other motorized and electric vehicles, reported a 32 percent Q2 revenue gain year over year. The company attributes the increase to the rising demand for US-made ATVs and UTVs, as well as a high-availability marketing strategy.
Revenue increased to $35.4 million from $26.7 million in the prior year’s Q2, with profit increasing 41.9 percent to $11.5 million from $8.1 million.
“During the second quarter, we focused on strategic expansions in production, distribution, and products to support ongoing revenue momentum,” says David Shan, founder and CEO of Massimo. “With significant top- and bottom-line growth on strong sales and margin improvement, we continue to build manufacturing capacity aimed at enhancing flexibility and increasing annual production. We continued to add new distribution partners and retailers to increase our national footprint and drive sales across our existing and new diversified product portfolio.”
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