SOURCE: Vulcan GMS

Vulcan GMS

May 18, 2011 09:00 ET

Vulcan GMS Survey Helps Explain Volatility Underlying Steadily Improving Sales

MILWAUKEE, WI--(Marketwire - May 18, 2011) - Vulcan GMS, Inc. (www.vulcangms.com), a supplier of custom-made radiation safety and lead products, today reported results of a four-question customer survey the company conducted between April 27 and May 4, 2011. "Findings indicate customers believe their businesses will do well in 2011," said Tom Ray, President of Vulcan GMS. "64 percent of responders believe business will be somewhat better; 27 percent said it will be much better; 9 percent said it will be about the same."

Ray was encouraged by answers on hiring. "46 percent of responders said they would be hiring more than five people. The remaining responses were evenly divided between companies that plan to hire one to five people and those who plan no hiring this year. Although we serve some of the world's largest corporations, more than half of Vulcan GMS customers are made up of small and mid-size companies," Ray said.

The survey also showed that approximately half of responders planned capital expenditures in 2011, that about one quarter planned no capital expenditures, and that another quarter was uncertain whether the company would make capital expenditures this year.

In answer to the question on borrowing, 55 percent of responders indicated uncertainty about whether their companies would borrow funds to invest in the business. Fully one-third of responders reported that their companies would not be borrowing money for investments. About 10 percent of responders indicated a low level of borrowing in 2011 -- $500,000 and under.

Tom Trisco, Director of Sales and Marketing at Vulcan GMS, says the findings offer insights into the forecast he made last year. "The monthly sales volume we predicted has proven accurate. However, sales by customer by month have been volatile so far this year. Many customers are above forecast; an equal number are below. The overall forecast thus far is holding up, but the numbers are not coming from the customers we predicted, in the months we predicted."

About Vulcan GMS

Vulcan Global Manufacturing Solutions is a leader in the manufacture of custom-made radiation shielding products made from lead, tungsten, high-density plastics and non-lead metal polymers. ISO 9001/2008 registered, Vulcan GMS is a provider of components and assemblies for some of the world's largest equipment companies. The company specializes in the security, medical, aviation and explosives industries.

Contact Information

  • Vulcan GMS, Inc.
    1400 W. Pierce Street
    Milwaukee, WI 53204
    Contact:
    Tom Trisco
    414-645-2040 x 317
    Email Contact

    Libby Communications
    1414 E. Harbour Towne Circle
    Muskegon, MI 49441
    Contact:
    Bill Libby
    231-755-4111
    Email Contact