All Financial results Articles

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.

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.

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.

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

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”.

Orders book at a record level for Europe's thrid largest contractor.

Infrastructure and mining and near record order book work drive bullish outlook for 2010.

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.

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.

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.