HASCO ends 2014 on high note
ADDISON, Texas – HASCO Medical, a provider of wheelchair accessible vans, parts and service, expects net revenues of about $22.7 million for the fourth quarter ended Dec. 31, 2014, a 15% increase compared to $19.7 million for the same period in 2013.
The company expects net revenues of $91.2 million for all of 2014, a 25% increase compared to $73.1 million for 2013.
“Our team’s relentless execution in the fourth quarter led to an unprecedented 25% growth in sales for the year, in spite of the cold weather and mid-year retirement of the Ford E-series line of vans,” stated CEO Hal Compton.
HASCO Medical expects service sales of about $4.2 million for the fourth quarter, a 36% increase. The company credits increased repairs, lift installs and sales of high-end electronic mobility controls driving equipment for the boost in service sales.
HASCO also credits its successful quarter on a new customer relationship management solution and in-store enhancements aided by partners BraunAbility, Harmar, Pride Mobility Products and Q’Straint.
Looking ahead to this year, Compton said, “As a consolidator, we are poised in 2015 to make acquisitions and find new locations that support our growth plan.”