All Financial results Articles

What lies beneath Lavendon?
A number of prestigious acquisitions are juxtaposed with a poor share price: Jeff Isenberg looks at what is really going on at the Lavendon Group.
D&Ri 100 2008: World's top 100 demolition companies
The D&Ri 100 is the only annual ranking of specialist demolition contractors. This year’s listing confirms a continued strong growth in the industry’s overall value. Lindsay Gale reports
JLG makes big contribution to Oshkosh Q2 results
The Oshkosh Corporation reported second quarter results of sales of $1.8 billion to which the JLG access and telehandler business contributed the largest sum despite a drop in the home market.
Sales and backlog leaps at Terex
Terex Cranes reported strong growth in the first quarter of 2008 with a 26% increase in sales over the same period last year. That amounts to a US$131.4 million growth to $632.2 million.
Record year for Komatsu
Komatsu had sales of JPY 2243 billion (US$ 22.4 billion) for the fiscal year ending 31 March, a +18,5% increase on the previous fiscal year. Net profits were up +26.8% to JPY 209 million (US$ 2.09 billion). The company's construction equipment sales were up +21% to JPY 1898 billion (US$ 19 billion).
Volvo sales grow on good markets
Volvo Construction Equipment’s sales were SEK 15.1 billion (US$ 2.53 billion) for the first quarter of the year, a +38% increase on the same period in 2007. The division made an operating profit of SEK 1.3 billion (US$ 218 million) over the quarter – up +38% on the first quarter of 2007. The company’s operating margin stayed at 8.6%.
Record Q1 results for Manitowoc Crane Group
Results for the Manitowoc Crane Group's first quarter 2006 show revenue of US$478 million, a 33% increase over the $358 million in the same period 2005.
Rental news highlights
Summary of rental and equipment news from around the world.
Rental news highlights
Round-up of rental and equipment news from around the world.
What has caused the dramatic fall in the share prices of major equipment rental companies, and what impact will it have? IRN’s finance correspondent, Jeff Eisenberg, reports.
Ahern on the US rental scene
Ahern Rentals has been one of the fastest growing independent rental companies in the US for the past 10 years. Now, however, the company’s founder and president, Don Ahern, is becoming more cautious about growth. He spoke to John Wyatt at one of Ahern’s rental yards in Las Vegas.
Belle launches low vibration breakers
Belle Group has introduced a new range of low vibration breakers. Ray Neilson, Belle’s managing director, told IRN than the BHB2025X breaker has a hand-arm vibration (HAV) of just over 7.0 m/s2, and that the new models had twice the break-out force and double the compression of the older versions.
Caterpillar Q1 sales up +18 percent
Caterpillar's sales for the first quarter of the year were US$ 11.8 billion, a +18% increase on the first three months of 2007. Its net profit for the period was US$ 922 million, a +13% increase on 2007. Both figures were a record for the company.
Access division boosts Harsco
Harsco Corp's Access Services business grew by 26% to US$351 (€525) million and operating profit by 36% to $48.1 (€72) million in the third quarter of the year. “Strong results” in Eastern Europe, the US, Northern Europe, the UK and the Middle East fuelled the company's performance, and it said rental demand for its scaffold, formwork and shoring products remains strong.
What next for United?
IRN's financial correspondent Jeff Eisenberg looks at the stalled takeover of United Rentals by private equity form Cerberus, and concludes that United is still likely to be sold, but for a lower price.
Access-20 2007: The world's biggest access equipment manufacturers
Europe is taking over from North America as the fastest growing access region, as Murray Pollok reports in this year's Access 20 listing of the world's biggest access equipment manufacturers.
D&Ri 100 Update
As often happens with our top lists, we have been informed of misreported financial results in the 2007 d&ri100 listing, both involving UK companies.
Finning's rental business grows
Finning International's rental businesses in Canada and Latin America grew by 23,6% and 38% respectively in the three months to 30 June this year. Its Hewden subsidiary saw revenues in local currency grow 5,6% in the same period.
IRN creates rental benchmark figures
IRN has teamed up with rental finance consultant Jeff Eisenberg to create a set of benchmark finance figures for the global rental sector. The first set of figures - published in this issue - reveal that that the average after tax profit margin for major rental companies is 6,5%.
How do you rate?
How does your financial performance compare to your competitors? Finance specialist Jeff Eisenberg analyses the performance of the largest 100 equipment rental companies in theworld –the IRN– 100 – and calculates a set of benchmark numbers for the equipment rental industry.
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