All Financial results Articles
United Rentals reported a net profit of US$12 million for the second quarter of 2010 on total revenues of $557 million, down 10%.
Manitou's second quarter revenues increased by 36% to €225 million compared to the same period last year, with compact equipment sales (including Gehl in the US) doubling to €32.9 million and rough terrain handler sales up 24% to €157.7 million.
Volvo Construction Equipment saw a +67% rise in revenues in the second quarter and it achieved an operating margin of 13.6%.
Revenues rise +31% compared to last year and profits almost double.
Astec Industries reported second quarter sales of US$ 209.2 million, up +10.8% on the US$ 188.8 million recorded 12 months ago.
Company says it is optimistic but cautious as sales and orders start to pick up.
CNH reported overall sales of US$ 3.9 billion in the second quarter, up +10.7% on the US$ 3.5 billion recorded for the same period last year. Operating profits jumped +105% to US$ 330 million, up from US$ 161 million 12 months ago.
JCB maintained 2008 profit levels last year despite its revenues falling by almost a third.
Lavendon Group’s revenues declined by 10% in the five months to 31 May, excluding used equipment sales, said the company in an interim trading statement.
Ashtead said the quarter to 30 April showed early signs of market improvement, particularly in the US, although the outlook in the UK is less positive because of uncertainty over public sector spending cuts.
Vp plc remained profitable despite a 15% fall in revenues for the year to 31 March 2010, with pre-tax profits before amortisation and exceptional items of £16.0 million on revenues of £134.2 million. Net profits were £10.2 million.
Aggreko said its performance for 2010 will be significantly better than previously forecast because of an “encouraging pick-up” in its local businesses as well as continued growth at its international power products division and additional work on the FIFA World Cup contract.
Palfinger's 2010 first quarter revenues trailed behind figures from the same period in 2009 but EBIT pulled the company into the positive
Revenue at Tat Hong Holdings was down 22% overall for the 12 months to 31 March 2010 but it was up 37% in the tower crane rental division
Lower utilization rates pushed down rental revenue at US-based Essex Rental. Corp during the first quarter of 2010
Wacker Neuson’s rental business grew by 15% last year to €63 million, a record for the business and in stark contrast to the over 30% fall in the manufacturer’s equipment sales last year.
HSS Hire in the UK posted an 11% increase in like-for-like revenues to £41.9 million for the first quarter of 2010. The company, which reported 26% increase in EBITDA profits to £9.3 million, said the results were “strongly ahead of market performance”.
Russian contractor Mostorest reported 2009 sales of RUR 33,2 billion (€ 852 million), up +16% on 2008 with pre-tax profits of RUR 3,3 billion (€ 86 million).
The construction and forestry division of John Deere reported sales for the six months ending 30 April 2010 of US$ 1.5 billion, up +15% on the US$ 1.3 billion recorded for the same period in 2009.
One of the largest US rental companies, Neff Rental, has entered Chapter 11 bankruptcy protection in the US. Neff, which continues to trade as normal, said the filing was prearranged and would allow it to restructure its debts.
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