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Posted On: 04/17/2020 10:17:56 AM
Post# of 8462
$NSRI ORLANDO, Fla., April 16, 2020 (GLOBE NEWSWIRE) -- via NetworkWire - National Storm Recovery Inc. (NSRI), a provider of tree services, debris hauling, removal and bio-mass recycling, manufacturing, packaging and sales of next-generation mulch products, today provides a corporate update on first-quarter sales and management’s strategies to support employees and shareholders amid the coronavirus pandemic.
First-Quarter Revenue, Anticipated Demand
Management enjoys long-standing, strong relationships with the Company’s customers, including big box retailers that are considered "essential businesses." As a result, revenues from the Company’s recently acquired Mulch Manufacturing subsidiary were $7.3 million for the first quarter of 2020.
“At a time when many businesses are struggling, we are fortunate to announce that our sales remain strong; for the week of April 6-April 10, 2020, alone we achieved sales exceeding $920,000,” stated NSRI CEO Anthony “Tony” Raynor.
“Of considerable importance is that with many states issuing ‘stay at home orders,’ many people are focused on improving or maintaining the state of their yards and buying mulch. We are prepared to meet consistent and even increased demand for our mulch products with approximately $10.2 million in inventory as of March 31, 2020, the end of our first quarter,” added Raynor.
https://www.globenewswire.com/news-release/20...ID-19.html
First-Quarter Revenue, Anticipated Demand
Management enjoys long-standing, strong relationships with the Company’s customers, including big box retailers that are considered "essential businesses." As a result, revenues from the Company’s recently acquired Mulch Manufacturing subsidiary were $7.3 million for the first quarter of 2020.
“At a time when many businesses are struggling, we are fortunate to announce that our sales remain strong; for the week of April 6-April 10, 2020, alone we achieved sales exceeding $920,000,” stated NSRI CEO Anthony “Tony” Raynor.
“Of considerable importance is that with many states issuing ‘stay at home orders,’ many people are focused on improving or maintaining the state of their yards and buying mulch. We are prepared to meet consistent and even increased demand for our mulch products with approximately $10.2 million in inventory as of March 31, 2020, the end of our first quarter,” added Raynor.
https://www.globenewswire.com/news-release/20...ID-19.html
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