All Financial results Articles

Perini reported first quarter pre-tax profits of US$ 62.6 million, up +56% on the US$ 40 million for the same period last year.

Heidelberg Cement reported a first quarter loss of -€ 195 million, down from the € 15 million profit recorded 12 months previously.

Spanish construction group Fomento De Construcciones Y Contratas (FCC) reported 2009 first quarter sales of € 2,7 billion, down -7,5% on the € 3 billion reported for the same period last year. Pre-tax profits for the group fell -33% to € 301 million, down from € 451 million 12 months previously.

Holcim recorded first quarter sales of € 4,5 billion, down -18% on the € 5,5 billion reported for the same period in 2008. Pre-tax profits for the quarter fell -33,7% to € 763 million, down from € 1,1 billion 12 months previously.

Lafarge recorded 2009 first quarter sales of € 3,6 billion, down -9% on the € 4 billion reported for the same period in 2008. Pre-tax profits for the period also dropped -35% to € 335 million, down from € 512 million 12 months previously.

First quarter sales for Cramo were €106.9 million, down 15.7% from the €126.7 million in the same period in 2008. Measured in local currencies, the decline was 6.7%.

Toyota has increased its stake in Takeuchi Manufacturing Co, the Japanese manufacturer of excavators, tracked loaders and tracked dump trucks. The two companies said they would extend their business alliance globally to grow the construction equipment sales of both companies.

United Rentals made a net loss of US$19 million in the first three months of the year with total revenues of $594 down 23% on the same period in 2008. The company shed 500 staff during the quarter, closed 10 depots and said a further 39 would be shut during the second quarter of the year.

First quarter 2009 net sales in the Manitowoc Cranes segment were US$672.9 million, down nearly 24% from $884.4 million in the first quarter of 2008. It includes an 8% negative impact from foreign currency fluctuations. Crane segment operating earnings for the first quarter of 2009 decreased 58% to $56.5 million from $134.6 million in the same period last year

JLG Industries made a US$49.1 million operating loss on sales of $249.2 million for the three months to 31 March. Sales were down 69% from the $813.1 million revenues of the same period in 2008 and the loss increases to $941.6 million with the inclusion of previously announced asset impairment charges of $892.5 made on JLG during the quarter.

Strabag’s order backlog grew +23% in 2008 to a record € 13,2 billion. Sales were up +24% to € 12,2 billion, up from € 9,8 billion in 2007, but pre-tax profits fell -14% to € 270 million, down from € 312 million the previous year.

Manitou subsidiary Gehl in the US reached agreement with bank creditors on 16 April to withdraw the notice of debt repayment delivered on 31 March. That notice threatened the company's continued operations.

Cemex’s sales for the first quarter of 2009 were down -32% to US$ 3.7 billion, compared to US$ 5.4 billion for the same period last year. Operating profit fell -29% to US$ 326 million, down from US$ 461 million in the first quarter of 2008.

Sales by Harsco Infrastructure, the access services business of the Harsco Group, fell 25% to US$284 million in the first quarter of the year. Two thirds of the decline was the result of currency changes, while the remainder of the fall was the result of poorer performance, mainly in the UK SGB business.

Hertz Equipment rental Corp (HERC) reported a 32% fall in revenues to US$279.5 million for the first three months of 2009 (a 27.5% fall in constant currency). Adjusted pre-tax profit for the first quarter of 2009 was $0.7 million, compared to $59.3 million in the same quarter in 2008.

Heijmans has announced a restructuring plan that will see it focus on just the Netherlands plus the Belgian infrastructure market.

Japan's three largest construction equipment manufacturers expect sales to fall more than -20% this fiscal year. Operating profits are expected to halve again.

Net sales in the Terex Cranes segment for the first quarter of 2009 were down 28.9% (US$187.5 million) to $461.4 million on the same period of 2008

Cargotec's first quarter results for 2009 show its Hiab loader cranes division has been increasingly hit by the drop in construction and new truck sales. The group's other divisions, Kalmar and MacGregor, have also seen a tough three months

Revenues were down -15% for the year ending March 31 and a bigger fall is expected this year.