Skyjack reports strong first half

By Lindsey Anderson21 August 2013

A Skyjack SJIII 3219 scissor in action.

A Skyjack SJIII 3219 scissor in action.

Despite mixed results from its first quarter, Linamar’s industrial division, which is largely made up by Skyjack, reported growth and a strong overall first half.

The industrial division saw revenues of $320.3 million for the first six months, up 10.5 percent over the same period last year. Operating profits were $39.3 million, up a healthy 82.8 percent due to strong sales of access equipment.

The report showed second quarter revenues at $182.9 million, up 23.1 percent, with operating income up 66.7 percent to $25 million.

“We are thrilled to register another solid quarter of record sales and earnings and solid free cash flow,” said Linda Hasenfratz, chief executive officer of Linamar.

“Margins and returns are at a high not seen for a decade, our order book remains strong with many more opportunities on the horizon and our international growth plans are evolving solidly as well. It was a great quarter delivered by a great team working hard to continually deliver great results.”

The Linmar company reported group revenues of $1.78 billion as a whole, up 6 percent.

Latest News
IPAF rental reports show industry growth
MEWP markets have recovered but concerns remain over Covid remain, say IPAF’s new rental reports 
IAPA awards judging panel complete
Paolo Pianigiani, of Imer Group, joins the line-up of leading industry experts ahead of the event, 10 March 2022
Mills acquires south Brazil MEWP business
Aquisition of Altoplat’s MEWP division will grow Mills’ presence and customer base in southern Brazil