All Financial results Articles
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James Hardie reported first quarter 2010 sales of US$ 284 million, down -22% on the US$ 365 million recorded for the same period last year.
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Boart Longyear is aiming to raise up to US$ 635 million through a fully underwritten equity offer, which it anticipates will provide US$ 585 million after fees and expenses to reduce debt.
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Sales in the Industrial Segment of Linamar, which includes Skyjack, decreased 64.4% in the second quarter of 2009. Sales were $97 million lower than in the same quarter in 2008.
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Parent company of Essex Crane Rental Corp, Essex Rental Corp, in the US has posted figures down more than 40% on the same period of 2008 but said that business has stabilised
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Finning International has announced a strategic review of Hewden, its UK rental business, following further deterioration of its results in the second quarter of 2009 and little prospect of improved business conditions “well into 2010”.
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Orders book at a record level for Europe's thrid largest contractor.
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Infrastructure and mining and near record order book work drive bullish outlook for 2010.
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Veidekke reported sales for the second quarter of NOK 4,1 billion (€ 486 million), down -24,9% on the NOK 5,5 billion (€ 647 million) recorded for the same quarter last year.
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Ramirent remained profitable in its second quarter of the year, posting after tax profits of €8.5 million – down over 60% on the same period last year – on revenues that were 31% down at €124.6 million.
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Revenues rise +17%, but exceptional items hit profits.
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Fluor took US$ 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.
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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.
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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 ($602 million) for the first half of 2008
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Tutor Perini reported second quarter sales of US$ 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.
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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.
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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.
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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.
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Revenues at Hertz Equipment Rental Corp (HERC) fell 37.5% to US$277.0 million for the three months to 30 June (a 34.6% decrease in constant currency). The company said the equipment rental business was “hovering near the bottom” of the recession.
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Emaar Properties reported second quarter sales of AED 1.9 billion (US$ 528 million), down -65% on the AED 5.6 billion (US$ 1.5 billion) recorded 12 months ago.
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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.