Oshkosh Grosses $1 Billion in Fiscal Q1; Works on JLG Integration
Oshkosh Truck Corp., parent company of JLG Industries and a leading manufacturer of specialty vehicles and vehicle bodies, reported earnings per share for its fiscal first quarter of 55 cents, on sales of $1 billion and net income of $41.2 million, compared with EPS of 72 cents on sales of $790.3 million and net income of $53.1 million for the same period last year. Oshkosh’s EPS exceeded its most recent earnings estimate range of 35 cents to 40 cents per share, which included an estimated 15 cents per share dilution to EPS from its $3.1 billion acquisition of JLG. The actual dilution was 13 cents per share....
Booth Sales Brisk for CRA Rental Rally
The California Rental Association has almost sold out exhibit space for its March 20-22 “Rental Rally” in Bakersfield, Calif., CRA executive director Dale Blackwell told RER Reports. More than 100 vendors are attending and exhibitors include such prominent rental industry suppliers as American Honda, Bobcat, Ditch Witch, EDCO, Genie Industries, Hilti, Multiquip, Point-of-Rental Systems, Solutions by Computer, Sullivan-Palatek, Terramite, Titan Tool, Vermeer, Wacker and more....
HERC Opens 24 General Rental Locations in 2006
Park Ridge, N.J.-based Hertz Equipment Rental Corp. added 24 general rental locations in 2006 as part of its planned expansion in that line of equipment rental....
Toaster Causes Fire at HERC Branch
Fire sprinklers contained a fire started by electrical wiring in a toaster in an employee break room at the Hertz Equipment Rental Corp. branch in Rohnert Park, Calif., the Rohnert Park Public Safety Department reported last week. The fire caused about $10,000 in water and smoke damages. The fire was brought under control in 14 minutes and caused minor structural damaged....
AEM Enjoys Record Membership Growth in 2006
The Association of Equipment Manufacturers experienced record membership growth in 2006 and now numbers more than 750 companies from around the world that produce equipment, products and services for the off-road equipment manufacturing industry. AEM member companies are based in North America, Europe, Latin America and the Asia-Pacific region....
New Zealand’s Hirepool Acquires Vehicle Rental Specialist
New Zealand rental equipment leader Hirepool Limited last week continued its acquisition spree with the purchase of truck and commercial vehicle rental specialist Henderson Rentals....
Irish Crane Rental Company For Sale
Irish rental company William O’Brien Plant Hire has hired advisors to handle the sale of the company, according to Irish Internet reports. The 50-year-old crane rental specialist has hired Merrion Capital’s Cork, Ireland, office to find a buyer for the company over the next couple of months....
Foley Equipment Launches Updates Website
Foley Equipment Co., the Caterpillar dealer and Cat Rental Store in southwestern Kansas, recently re-launched its website, www.foleyeq.com. ...
Maxim Crane Strategy Not Focused on Sale
Maxim Crane Works Holdings last week announced it has completed its analysis of strategic business alternatives and has determined that shareholder value can best be maximized in the future by continuing its focus on capturing incremental operating efficiencies, growing penetration in existing markets and evaluating potentially accretive acquisition opportunities....
Reinhart’s Skyworks Expands to Columbus
Skyworks Equipment Rental, a Buffalo, N.Y.-based company specializing in aerial work platforms and telehandlers, last week opened a branch in Columbus, Ohio, president Jerry R. Reinhart told RER Reports....
AEM and MSHA Establish Safety Alliance
The Association of Equipment Manufacturers and the Mine Safety and Health Administration have formed an alliance to develop and distribute “best practices” training materials and other information to help protect miner health and safety related to equipment operation and maintenance....
AED Attendance Up 17%
Attendance at AED’s Annual Meeting & CONDEX Jan. 16-18 in Las Vegas increased 17 percent compared with last year’s convention, association officials said last week. Distributor, manufacturer and service company attendees from the United States, Canada and abroad totaled 3,000, the second largest in AED history. ...
United Rentals to Hold Fourth Quarter Conference Call
Greenwich, Conn.-based United Rentals will hold its fourth quarter and full-year conference call with Wayland Hicks, CEO, Martin Welch, chief financial officer and Michael Kneeland, executive vice president-operations, Feb. 27 at 9:30 a.m. Eastern Time....
Caterpillar Announces Record 4Q06
Marking the fourth straight year of double-digit profit growth and the third consecutive year of record sales and profit, Caterpillar last week reported 2006 sales and revenues of $41.5 billion and profit of $3.5 billion, or $5.17 per share, up 28 percent from a year ago. The company also reported a record fourth quarter with sales and revenues of $11.0 billion and profit of $882 million, or $1.32 per share, up 10 percent from last year....
Capital Rentals Divests Party Rental Division
Capital Rentals, a major player in the Washington, D.C., metro area, last week sold the assets of its party rental division, Capital Party Rentals, to John Moran, a veteran of the special event rental industry and previous president of Classic Party Rentals....
Cincinnati Rental Group Organizes Rental Show Bus Trip
The Greater Cincinnati Tool Rental Association is organizing a bus to take rental people to The Rental Show in Atlanta, Feb. 8-10. The bus, sponsored by a group of a dozen show exhibitors, will leave Cincinnati on the evening of Feb. 8, drive all night and arrive in Atlanta in the morning, giving participants two full days on the show floor....
Carrier Corp. Acquires HVAC Rental Specialist
Carrier Corp., a manufacturer and distributor of air-conditioning systems, last week acquired the Longville Group, a United Kingdom-based leader in the rental of HVAC equipment, temperature controls and pumps, mainly marketed under the names NuTemp, SLD Pumps and CRS....
Genisys Opens Indiana Sales Office
Minneapolis, Minn.-based Genisys Software, recently opened a sales office in Noblesville, Ind., company officians said. The company said it is the first of many remote offices it will be opening in the next two years. ...
Jesco Expands Fleet With Specialty Equipment
South Plainfield, N.J.-based Jesco, one of New Jersey's leading construction equipment dealerships, recently decided to expand its equipment fleet through the addition of several product lines including water trucks, pavers and a variety of specialty attachments including extended reach booms, side booms and rotating crushers....
Ahern Rentals Prices Senior Notes Offering
Ahern Rentals last week announced that it has priced an offering of $90 million aggregate principal amount of its 9 ¼-percent second-priority senior secured notes due 2013 in a private offering under Rule 144A of the Securities Act of 1933. The notes were priced at 103.75 percent of par, representing a yield to maturity of 8.497 percent. ...
Volvo CE Closes Deal with Lingong Construction Machinery in China
Volvo Construction Equipment last week said it has received all necessary regulatory approvals for the earlier announced equity investment of 70 percent in Shandong Lingong Construction Machinery Co., Ltd., a major construction machinery manufacturer in China, and the deal is now closed....
Stephenson’s to Explore Strategic Alternatives
Stephenson’s Rental Services last week announced that its board of trustees has initiated a process to identify and evaluate strategic alternatives to maximize unitholder (shareholder) value. The strategic review process is being undertaken in response to the recent announcements by Canada’s Department of Finance to impose a tax on income trusts, and the new challenges facing the income trust sector as a result. Canadian income trusts avoid most corporate taxes by making regular cash distributions to unitholders....
Kropp Equipment Enters Milwaukee Aerial Rental Market
Kropp Equipment is on the verge of opening a branch in Milwaukee, owner Al Kropp told RER Reports. Kropp said he hopes to begin moving into the facility over the next 10 days....
Former RSC Executive Jim York Dies
Former RSC Equipment Rental executive Jim York died suddenly of a heart attack between Christmas and New Year’s, while on a hunting trip in Texas, Volvo Rents’ Pete Post told RER Reports....
Harsco Wins $4 Million Contract With British Army
Worldwide scaffolding supplier Harsco Corp. last week announced a $4 million contract to provide scaffolding and related access services for two years for the refurbishment and modernization of two major British Army garrisons in the south of England....
Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | 91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 | 101 | 102 | 103 | 104 | 105 | 106 | 107 | 108 | 109 | Next
