JLG Posts Record 1Q Revenues and Earnings
McConnellsburg, Pa.-based JLG Industries last week announced that its 2007 fiscal first-quarter consolidated revenues were $539 million compared to $478 million during the same period last year, a 12.7-percent increase. Net income for the quarter totaled $40 million, or 37 cents per share, versus $28 million, or 27 cents per share, for the fiscal first-quarter of 2006, a 42.9-percent hike. ...
NES Studio Rentals Inks Deal With Albuquerque Studios
NES Rentals Studio Division last week finalized a multi-year deal with Albuquerque Studios, a $74 million film and television back-lot facility currently under construction, to be its exclusive provider of heavy equipment. ...
24/7 Studio Equipment Golf Tournament Attracts Film Industry Pros
Burbank, Calif.-based 24/7 Studio Equipment, along with JLG Industries, held a golf tournament for customers Nov. 19, in the first of what CEO Lance Sorenson plans to be an annual event. ...
H&E Equipment Services Appoints Board Member
Baton Rouge, La.-based H&E Equipment Services last week announced that Paul Arnold became a member of the company’s board of directors, effective immediately. ...
JLG Celebrates Opening of Ohio Parts Distribution Center
The new Orrville, Ohio, parts distribution center for JLG Industries, which began operations in July, celebrated its official opening in mid-October with an open house for employees, their families and the community. The service parts distribution center was relocated to Orrville as part of a major manufacturing realignment. ...
Finnish Rental Giant Reports Strong Nine Months
Helsinki, Finland-based multi-national rental company Rakentajain Konevuokraamo Oyj last week reported strong nine-month operating profits. RK reported € 285.8 million (U.S. $370 million) in consolidated sales for the first nine months of 2006, an 18-percent increase from pro forma sales in the first nine months of 2005. ...
Harsco Acquires Chilean Company
Harsco Corp., Harsco, one of the world’s largest suppliers of rental scaffolding, concrete formwork, shoring and other access-related equipment, last week closed its acquisition of Chilean construction services company Moldajes y Andamios TH S.A....
Caterpillar Predicts China Sales Will Quadruple by 2010
Caterpillar last week said it expects sales in China to quadruple as a percentage of its global sales by 2010 as the company builds ports, energy projects and roads. The company emphasized the point as it announced it would move its Asia Pacific headquarters from Tokyo to Beijing....
Cummins Plans to Double Sales in China
Cummins Inc., a global manufacturer of engines and related technologies, last week said it plans to more than double its sales in China by 2010 as it expands operations in the world's second-largest auto market. ...
Chicago Material Handling Companies Take On Equipment Depot Name
Two Chicago-based material handling specialists that merged in July have taken a new name — Equipment Depot....
Finning Posts Strong Q3 Profit Numbers
Finning International, the world’s largest Caterpillar dealer, last week reported third-quarter revenue from continuing operations of CD $1.22 billion (U.S. $1.06 billion), a 4.8 percent increase from the third quarter of 2005. ...
Hertz IPO Falls Short of Expectations
Car rental and equipment rental company Hertz Global Holdings raised $1.32 billion last week with one of the largest initial public offerings of the year, although the price was below expectations. The offering of 88 million shares sold for $15 per share, short of the forecast price range of $16 to $18 per share....
United Rentals Introduces Trench Safety Training for Customers
United Rentals last week announced that Excavation Safety for Competent Person Training will be offered at more than 60 United Rentals Trench Safety branches beginning Dec. 1. ...
Baldor To Acquire Power Systems Business of Rockwell Automation
Baldor Electric Co. recently announced that it signed a definitive agreement to acquire the Reliance Electric Co. and certain of its affiliated companies, including the Power Systems business, of Rockwell Automation....
Stallion Acquires G&N, Erlandson
Stallion Oilfield Services recently acquired G&N Rentals, based in Bowman, N.D. G&N is a leading provider of surface rental equipment to the North Dakota and Montana oilfields....
Trimble Acquires XYZ Solutions
Sunnyvale, Calif.-based Trimble announced earlier this month that it acquired privately held XYZ Solutions Inc. of Alpharetta, Ga., in an all-cash transaction. XYZ Solutions provides real-time, interactive 3D intelligence software to manage the spatial aspects of a construction project. ...
JLG Opens New ServicePLUS Location
McConnellsburg, Pa.-based JLG Industries last week opened its third ServicePLUS service and repair center in Kennesaw, Ga., near Atlanta. It joins two other facilities located in Houston and McConnellsburg, Pa. Additional ServicePLUS centers are planned....
Plane Crash Kills Four Two Rivers Marketing Employees
Four employees of Des Moines-based Two Rivers Marketing were killed last week when the plane they had chartered for a day business trip to South Bend, Ind., crashed about a half-hour into the return flight home. ...
FleetTrade.com Hold Auction to Benefit St. Jude Children’s Research Hospital
FleetTrade.com recently opened an online auction hosting five items whose proceeds will benefit St. Jude Children’s Research Hospital, Memphis, Tenn. The auction will be posted online from Nov. 9-21. ...
British Lavendon Group Acquires German High-Reach Specialist
High-reach equipment rental firm Lavendon Group PLC is acquiring Germany’s third-largest supplier of powered access rental equipment The Gardemann Group for about 46 million euros (about U.S. $59 million). ...
Australia’s Coates Hire Acquires Allplant, Bennett Hire
Coates Hire, Australia’s largest rental company, last week acquired Allplant Ltd., the earthmoving equipment rental division of Macmahon Holdings, for AU $73 million (about U.S. $56 million). ...
Kennards Hire Opens Perth Branches
Kennards Hire recently opened three new branches in the metropolitan Perth, Australia, region. Kennards a family-owned company, now has nine branches in the Perth area, six years after moving into the area. Kennards now has 92 locations across Australia, nine of which were added in the second half of 2006....
H&E Equipment Services Hikes Revenues 37% in Q3
H&E Equipment Services hiked revenues 37.4 percent in the third quarter, from $148.5 million in the same period last year to $204.1 million this year. Equipment rental revenues were $67.3 for the third quarter, a 33.5-percent increase from $50.4 million in Q306. ...
Ahern Rentals Revenues Jump 31 Percent in 3rd Quarter
Third quarter total revenue jumped 31 percent for Ahern Rentals, from $55.1 million in the third quarter of 2005 to 72.1 percent this year, with rental revenue climbing from $49.5 million to $64.8 million, a 30.9 percent hike. ...
Hertz to Go Public This Week
Hertz Global Holdings is set to go public this week on the New York Stock Exchange for proceeds of about $1.43 billion. The company is offering about 88.2 million shares from $16 to $18, with the $1.43 billion total assuming a $17 midpoint price....
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