All Financial results Articles

Komatsu Ltd has revised downwards by 6.5% its sales forecast for the year to 31 March 2010. The company said market conditions in Japan, North America and Europe were likely to be more challenging that previously forecast.

Oshkosh Corp’s access division JLG Industries saw sales fall by 58.2% to US$310.5 million for the division’s fourth quarter to 30 September. The fall in access sales in the quarter is actually 70% when JLG’s military-related work for Oshkosh is stripped out.

Cramo said it was possible that the demand for rental equipment could continue to weaken until the middle of 2010, with a recovery starting in the second half of the year, although it said any forecasts were difficult to make.

Hertz Equipment Rental Corp (HERC) reported a 35.2% decrease in revenues to US$280.5 million for the third quarter of the year, with lower pricing and volumes resulting in a 68.9% fall in operating profit to $25.2 million.

RSC Equipment Rental said the seasonal upturn in rentals did not materialise in its third quarter to 30 September but that rental pricing and utilisation rates were stable from the second quarter.

Third-quarter 2009 net sales in Manitowoc's Crane segment were US$ 479.5 million, down 52% from $991.0 million in the same period of 2008

Stimulus spending provides a lift in fiscal first-half equipment sales.

Manitou said its business continued to decrease in the third quarter but less rapidly than at the beginning of the year and predicted its sales would reach a low point in the final quarter of the year.

Husqvarna Construction’s Jönköping facility in Sweden is to be closed and relocated to Huskvarna as part of a much wider restructuring effort that will see the group shed around 1200 employees and shift production from Sweden and the US to new facilities in countries such as Poland and China.

Revenues for the third quarter down to € 792 million and an operating loss of € 76 million.

Construction & mining division maintains 13.8% operating profit margin, despite -23% fall in revenues.

Factories continue to stand idle as company and dealers sell-off inventory.

US$ 103 million net loss as revenues more than halve compared to Q3 2008.

Terex AWP sales fell by 66.5% to US$397.7 million for the third quarter of the year and the division made a net loss of $50.1 million. The company said its rental customers in North American and Europe continued to age and reduce their fleets and defer investment.

Caterpillar expects its revenues to be up between +10% and +25% on 2009 levels. The forecast came as the company announced a -53% fall in net profits for the third quarter of the year, and a -44% decline in revenues.

Speedy Hire is to make further £30 million cost savings during the current financial year (to 31 March 2010) in response to continued weakness in its markets.

Aggreko said it expects profits levels in 2009 to be slightly higher than in 2008 thanks to cost cutting measures and continued growth in its international power projects business. Its local businesses continue to fall compared to last year, but Aggreko said it did not expect these to get any worse.

In its half year results report Tanfield Group revealed that the board is considering the de-merging of its two trading divisions to create separate companies focused on powered access and on zero emission vehicles.

Barratt developments reported annual sales to the end of June of UK£ 2,2 billion (€ 2,5 billion), down -35,7% on the UK£ 3,5 billion (€ 3,8 billion) recorded last year.

Kier Group reported annual sales of UK£ 2,1 billion (€ 2,3 billion), down -9,4% on the UK£ 2,3 billion (€ 2,5 billion) recorded last year.