Dealer News: Q2 for Cervus

In its recent quarterly financial report, Cervus Equipment Corp. announced it generated $2.5 million in net income for the second quarter this year compared to a $32.2 million loss for the comparable period in 2015.

The company reported achieving inventory reductions of $52.3 million (14 percent) compared to June 30, 2015.

Cervus also reported reducing costs by $5.8 million, which was a 14.2 percent decrease in expenses compared to the same quarter of 2015.