All Financial results Articles
Revenues rise +17%, but exceptional items hit profits.
Fluor took US$ 6.8 billion worth of orders in the second quarter of the year, compared with US$ 6.4 billion in the same period in 2008.
Catherine Stratton, author of the respected Plant Hire Investment Report, said the UK plant hire sector was facing one year or more of further decline in demand and that a rising level of business failures was the likely result.
Knuckle boom crane manufacturer Palfinger in Austria reported revenue for the first half of 2009 down by 36% at Euro 269 million (US$ 382 million) compared to the record Euro 424 million ($602 million) for the first half of 2008
Tutor Perini reported second quarter sales of US$ 1.3 billion down just -0.4% on the same period last year. Pre-tax profits for the quarter increased +37% to US$ 61 million, up from US$ 44 million twelve months ago.
Rental revenues at H&E Equipment Services in the US fell by 33.4% to US$50.1 million for the second quarter of the year. Total revenues, including H&E’s large new equipment sales business, fell by 36.2% to $180.2 million compared to the same quarter in 2008. Net profits fell to $0.3 million from $16.1 million.
Cramo painted a bleak picture in its latest financial results warning that hundreds of further job cuts will be made as market conditions continue to weaken towards the end of the year.
Taylor Wimpey reported first half sales of UK£ 1,1 billion (€ 1,3 billion), down -27% on the UK£ 1,5 billion (€ 1,8 billion) recorded for the same period last year.
Revenues at Hertz Equipment Rental Corp (HERC) fell 37.5% to US$277.0 million for the three months to 30 June (a 34.6% decrease in constant currency). The company said the equipment rental business was “hovering near the bottom” of the recession.
Emaar Properties reported second quarter sales of AED 1.9 billion (US$ 528 million), down -65% on the AED 5.6 billion (US$ 1.5 billion) recorded 12 months ago.
United Rentals saw total revenues fall by 26% to US$615 million and rental revenues by 28% to $454 million for the three months to 30 June. Operating profit was $5 million for the quarter, compared with $128 million for the same period last year.
Atlas Copco reported second quarter sales of SEK 16,1 billion (€ 1,5 billion), down -14% on the SEK 18,8 billion (€ 1,8 billion) reported 12 months ago.
Metso Mining and Construction reported second quarter sales of € 531 million, down -20% on the € 665 million recorded 12 months ago.
JLG Industries’ revenues for the third quarter of the year ending 30 June fell by 77% to US$211.2 million and the company made an operating loss of $71.2 million. The same quarter in 2008 saw revenues of $920 million and profits of $125 million.
Vinci's revenues for the first half of the year fell -3,2% to € 15,2 billion, with increases in international work being offset by falls in France.
Heidelberg Cement's revenues for the second quarter of the year were down -22,1% to € 3,01 billion, compared to the same period last year. Operating profits fell -26,8% to € 446 million.
Cemex's sales for the second quarter of the year were down -34% on the same period last year to US$ 4.19 billion.
Crane sales fell 39% at Manitowoc in the second quarter of 2009 compared with the same period in 2008 but there were still more new orders for cranes than cancellations and cost reduction programmes were in place
Acciona reported a net profit of € 1,2 billion for the first half of the year, a +343% increase on the same period last year, thanks to the slae of its stake in energy company Endesa.
Komatsu reported first quarter sales of JPY 320 billion (US$ 3.3 billion), down -47.2% on the JPY 606 billion ((US$ 6.3 billion) recorded 12 months ago.
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