7
May/June 2025
|
THE DAVEY BULLETIN
NEW BOARD MEMBER ELECTED
Covey announced that the Davey Board of Directors
elected Joseph E. McNeely to serve on the Davey
board.
McNeely has served as president and CEO of The
Anderson's Inc., which specializes in grain trading
and storage, ethanol production and trading, and
plant nutrient manufacture and supply. McNeely also
served as president of The Anderson's Rail Group
and Plant Nutrient and Industrial Group.
He serves as a member of the board of directors
for the Toledo Zoo and Regional Growth Partnership
Northwest Ohio and is a past member on boards for
several rail industry entities.
"Joe really appreciates employee ownership and
will be a strong supporter of our company culture,"
Covey said.
Joseph E. McNeely
Davey Executive Vice President and
Chief Financial Officer Joe Paul speaks
during the meeting.
companywide in 2025. Employees will receive updates on
the installation process from their service line leadership
and on DaveyConnect throughout this year.
FIRST QUARTER 2025
Turning to this year, Covey said the company recorded an
operating profit of 1 percent for the first quarter of 2025,
which is up compared with the 0.6 percent operating profit
recorded in the first quarter of 2024.
Covey credited successful starts to the year by Commercial
Landscape Services, Eastern Utility services, and the
Davey Tree Surgery Company utility
services in the West as contributing
to the solid start.
"We've had a really good first
quarter," Covey said. "We're ahead
of last year on operating profit, and
we're building momentum. We're
right where we want to be with a
strong backlog for service requests,
a good position on pricing, and loyal
client partnerships."
For additional
information, scan
this code to visit
the Shareholders
page on Davey.com.
