Wall Street Beat

Wall Street Beat

Jun. 14, 2013

Article

Caterpillar Announces 15-Percent Increase in Dividend Rate

Caterpillar’s board of directors last week voted to raise the quarterly cash dividend by eight cents to $0.60 per share of common stock, payable Aug. 20 to stockholders of record at the close of business, July 22. "Growing dividends through the business cycle is important, and this 15-percent increase, along with the $1 billion accelerated stock repurchase that we announced in April, support our commitment to deliver superior stockholder returns," said Caterpillar chairman and CEO Doug Oberhelman....More
Jun. 14, 2013

article

RERMAG

The Stock Block

Check in on some of the latest stock prices for publicly traded rental companies and popular construction equipment and general tool manufacturers related to the rental equipment industry....More
May 24, 2013

Article

Toro Reports Record Second-Quarter Earnings of $704.5 million

The Toro Co. last week reported net earnings of $78.4 million, or $1.32 per share, on a net sales increase of 1.9 percent to $704.5 million for its fiscal second quarter ended May 3. In the comparable fiscal 2012 period, the company delivered net earnings of $68.8 million, or $1.13 per share, on net sales of $691.5 million....More
May 22, 2013

Article

Recovering Housing Sparks Home Depot Fiscal Q1 Increase

The Home Depot, the world’s largest home improvement retailer, today posted sales of $19.1 billion for the first quarter of fiscal 2013, a 7.4-percent increase from the first quarter of fiscal 2012. Net earnings for the first quarter were $1.2 billion, compared with net earnings of $1 billion in the same period in fiscal 2012....More
May 22, 2013

Article

First-Quarter Revenue Drops Slightly for Wacker Neuson

The Wacker Neuson Group posted a slight drop in revenue and earnings for the first quarter of 2013 relative to last year’s first quarter. The company expects business to improve over the course of the year. A weak European economy was one of the main factors that dampened demand for light and compact construction equipment in the first quarter. Also, the company adds, its strong performance in the first quarter of 2012 resulted in an above-average baseline for comparison....More
May 17, 2013

Article

Toro Announces Fiscal 2013 Second-Quarter Earnings Call

The Toro Co. will release its fiscal 2013 second-quarter results on Thursday, May 23, at 7:30 a.m. Central daylight time. The company will also hold its investor earnings call on that day. A live, listen-only webcast of the quarterly conference call will also be available on www.thetorocompany.com. The call begins at 10 a.m. CDT on May 23, and visitors are advised to go to the website at least 15 minutes early to register, download and install any necessary audio software....More
May 17, 2013

Article

Terex Repays $220 Million of Senior Term Bank Debt

Terex Corp. last week announced that it has repaid $220 million of the company’s senior term bank debt due 2017, effective immediately....More
May 15, 2013

Article

United Rentals Announces Full Redemption of Convertible Securities and Debentures

United Rentals this week announced that its subsidiary has given notice of its intention to redeem $14,681,750 principal amount, representing all of the remaining outstanding 6 ½-percent Convertible Quarterly Income Preferred Securities due Aug. 1, 2028, on June 13, 2013. The Trust will redeem the Preferred Securities with proceeds from the redemption by URI of all of its remaining outstanding 6½-percent Convertible Subordinated Debentures due Aug. 1....More
May 8, 2013

Article

Mobile Mini Reports Q1’13 Results

Mobile Mini, a leading supplier of portable storage solutions, reported total revenues increased 10 percent for the first quarter ended March 31, to $97.9 million and leasing revenues jumped 8.5 percent to $85.1 million, compared with $88.8 million and $78.4 million, respectively, for the same period last year. The company’s first quarter adjusted net income was $12.3 million, or $0.27 per diluted share, compared with $6.0 million, or $0.13, respectively, for the first quarter of 2012....More
May 3, 2013

Article

CNH Posts 1-Percent Net Sales Jump as Construction Demand Drops

CNH Global posted a 1-percent increase in net sales for the first quarter to $4.7 billion, while its construction equipment division declined by 26 percent to $754 million. Agricultural equipment net sales increased 9 percent to $3.9 billion. Equipment operations, however, posted an operating profit of $443 million or 9.4 percent of net sales for the quarter, as increased volumes and positive net pricing in the agricultural segment compensated for the reduction in volume in the construction segment....More