Schumacher Elevator Company reports company growth in 2021
Schumacher designs, manufactures and engineers standard and custom elevator packages and components to a broad range of industries. Due in part to diversification in the company’s end markets, Schumacher has reported that their operations experienced only minor disruption following the onset of the COVID-19 (coronavirus) pandemic in March 2020. As of late 2021, Schumacher reported that their business was growing, but noted hiring difficulties.
Balance SheetIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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