Solon Success Surpasses Expectations

The early 2023 results weren’t looking too good for Solon. Not only were they not making money, but they were struggling to cover costs. Rumors were going around that the location was going to close.

Under Tim Doyle’s leadership, the team had successfully revamped processes and streamlined ways of working, but it wasn’t enough.

As company leaders started discussing options, one thing was clear: focusing on tons processed was not the right approach. Specialty Wire has one luxury the rest of the businesses don’t: they can process lower tons at a higher value and make money.

Mary McCool, SVP of Specialty Wire, said, “Our Solon team is dedicated and great at producing very specialized wire. We were trying to force them into a model that didn’t work for them.”

By shifting the strategy to focus on higher value products, Solon started becoming profitable.

“At first we weren’t sure if it was an anomaly,” Mary said. “But month over month we saw this model working and now Solon has increased its profits by 650% YTD April vs 2023.”

Mary credits the teamwork Solon displays every day.

“This is a team who loves what they do and are proud of their work,” Mary said. “They believed in the plan and executed. I’m proud of their success.”

The Solon team continues to exceed forecasts and we expect this will continue into the future.

Great job, Solon!