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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. ...
Volvo Group Sales Grow 18 Percent in Fourth Quarter
Volvo Group last week reported that fourth-quarter net sales increased by 18 percent to SEK 86.5 billion (about U.S. $12.84 billion) from SEK 73.4 billion in the year-ago period. For the full-year 2011, net sales increased by 17 percent to SEK 310.4 billion (U.S. $46.07 billion) from SEK 264.7 billion for full-year 2010....
Generac Announces Q411 and Full-Year Earnings Call
Generac Holdings, a leading designer and manufacturer of generators and other engine-powered products, last week announced plans to release its fourth-quarter and full-year 2011 financial results before the market opens on Tuesday, Feb. 14. Generac management will hold a conference call at 9 a.m. Eastern time on that day to discuss highlights....
Atlas Copco Q411 Revenues Rise 16 Percent, Full-Year Up 22 Percent
Atlas Copco this week reported fourth-quarter results with continued growth in orders and revenues. In 4Q11, revenues increased 16 percent organically to SEK 22.3 billion (about U.S. $3.30 billion) from SEK 19.4 billion (U.S. $2.87 billion) in the same period a year ago. Operating profit in the fourth quarter was SEK 4.6 billion (U.S. $680.4 million) an improvement from SEK 4.0 billion (U.S. $591.7 million) in the year-ago period, corresponding to a margin of 20.6 percent. The full-year organic revenue increase was 22 percent to SEK 81.2 billion (U.S. $12.01 billion), with a margin of 21.6 percent....
Manitowoc Grows 4Q Sales 24 Percent on Strong Crane Segment
The Manitowoc Co. this week reported sales of $1.0 billion for the fourth quarter of 2011, an increase of 24.5 percent compared to sales of $830.9 million in the fourth quarter of 2010. The sales increase was driven by a 39.9-percent increase in Crane segment sales, coupled with a 2.2 percent increase in Foodservice segment sales....
Manitou Posts 35-Percent Year-Over-Year Increase
French material handling manufacturer Manitou posted €310 million (about U.S. $408 million) in fourth-quarter revenue, a 27-percent year-over-year increase compared with the fourth quarter of 2010. Full-year 2011 revenue was €1.13 million (about U.S. $1.49 million), a 35-percent year-over-year increase....
Cat Financial Grows Revenues 4 Percent in 2011
Cat Financial reported revenues of $2.65 billion, an increase of $93 million, or 4 percent, compared with 2010. Profit after tax was $378 million, a $100 million, or 36-percent increase from 2010....
Gorman-Rupp Declares 248th Consecutive Cash Dividend
The board of directors of The Gorman-Rupp Co. last week declared a quarterly cash dividend of $0.09 per share on the common stock of the company, payable March 9, to shareholders of record Feb. 15. This marks the 248th consecutive dividend paid by The Gorman-Rupp Co. During 2011 the company achieved its 39th consecutive year of increased dividends paid to its shareholders....
Manitowoc Schedules 4Q11 Earnings Call
The Manitowoc Co. last week announced it will release its fourth-quarter 2011 financial results on Tuesday, Jan. 31, after the market closes. The fourth-quarter results will also be discussed by Manitowoc’s management team during a live conference call for security analysts and institutional investors, which will be held at 10 a.m., Eastern Time, on Feb. 1....
Caterpillar Announces Full-Year, 4Q11 Earnings Call
Caterpillar Inc. will release 2011 full-year and fourth-quarter financial results at 6:30 a.m. Central time on Thursday, Jan. 26. A real-time, listen-only teleconference of the results call that Caterpillar conducts with security analysts and institutional investors will begin at 10 a.m....
CERF Announces Fourth-Quarter Dividend
The board of directors of CERF Inc., successor to Canadian Equipment Rental Fund Limited Partnership, this week approved a cash dividend to shareholders of $0.06 per share for the fourth quarter of 2011. This dividend plus the distributions of the processor partnership represents $0.24 per share on an annualized basis. Payment will be made on or about Jan. 13, 2012, to shareholders of record as of the close of business on Dec. 31....
Caterpillar Maintains Dividend Rate, Reaffirms Outlook
The board of directors of Caterpillar Inc. voted this week to maintain the quarterly cash dividend of $0.46 per share of common stock, payable Feb. 18, 2012, to stockholders of record at the close of business Jan. 20....
Strike, Crane Component Delivery Issues Mar 4Q Manitowoc Outlook
The Manitowoc Co. last week announced that as a result of recently identified supplier delivery issues with certain hydraulic components, the shipment of some crane products will be delayed into the first quarter of 2012. In addition, the company announced to the financial community that the International Association of Machinists Local 516 workers at its Manitowoc Cranes facility in Manitowoc, Wis., have been on strike since Nov. 14. The previous contract expired Oct. 31. Negotiations held in front of a federal mediator recently did not result in meaningful progress, leaving management uncertain on how long the strike will continue....
Toro Co. Sales Increase 11.5 Percent for Fiscal 2011
The Toro Co. last week reported net earnings of $117.7 million, or $3.70 per share, on net sales of $1,884 million for its fiscal year ended Oct. 31. In fiscal 2010, the company delivered net earnings of $93.2 million, or $2.79 per share, on net sales of $1,690.4 million....
Toro Increases Regular Quarterly Dividend
The Toro Company last week announced that its board of directors declared a regular quarterly cash dividend of $0.22 per share, an increase from its previous quarterly dividend rate of $0.20 per share. This dividend is payable on Jan. 9, 2012 to shareholders of record on Dec.16, 2011....
Toro to Announce Fiscal 2011 Full-Year Results Dec. 6
The Toro Co. will release its fiscal 2011 full-year results on Tuesday, Dec. 6, at 7:30 a.m. Central time. The company will also hold its investor earnings call on that day....
Deutz Unit Sales Leap 51 Percent in Third Quarter
Deutz AG, the Cologne, Germany based engine manufacturer built on its strong second quarter with a strong third quarter, the company reported this week. Deutz took new orders totaling €372.7 million (about U.S. $508 million) between July and September of this year, a 14-percent increase compared with the third quarter of 2010. Unit sales again rose substantially in the third quarter, jumping 51 percent year-over-year to total 61,310 engines....
Manitex Revenues Spike 49 Percent in Third Quarter
Manitex International, a provider of engineered lifting solutions including boom truck and rough-terrain cranes, rough-terrain forklifts, this week announced third-quarter 2011 revenues of $37.0 million, a 49-percent leap from $24.9 million in the third quarter of 2010. Net income for the third quarter of 2011 increased 54 percent to $1.0 million or $0.09 per share compared to $0.7 million or $0.06 per share for the third quarter of 2010....
Ritchie Bros. Net Earnings Down for First Nine Months of 2011
Ritchie Bros. Auctioneers posted net earnings for the nine months ended Sept. 30 of $49.9 million, or $0.47 per diluted share and adjusted net earnings of $46.9 million or $0.44 per diluted share, a 9-percent decrease compared with the same period in 2010....
Generac Posts 49-Percent Third-Quarter Sales Increase
Generac Holdings posted a 49-percent net sales increase in the third quarter, jumping from $160.7 million in last year’s third quarter to $239.3 million this year. The generator manufacturers increased residential products sales by 60.5 percent year over year, while commercial and industrial product sales jumped 27.4 percent compared to the previous year....
CNH Global Posts 30-Percent Net Sales Jump
CNH Global posted a net sales increase of 30 percent to $4.6 billion as agricultural equipment markets continue to perform well and construction equipment markets continued their recovery. Operating profit of $460 million was a result of increased equipment demand, increases in industrial utilization and improved net pricing....
Gorman-Rupp Reports Record Third-Quarter Revenue and Earnings
The Gorman-Rupp Co. last week reported record net sales and earnings for the third quarter and nine months ended Sept. 30, of $90.2 million compared to $73.9 million during the same period in 2010, a 22-percent increase. Net income increased 24.4 percent to a third-quarter record $7.7 million compared to $6.2 million in the Sept. 30, 2010 quarter. Earnings per share were $0.37 and $0.29 for the respective periods, an increase of 27.6 percent. Results for 2011 include the operations of Glendale, Ariz.-based National Pump Co. acquired Oct. 1, 2010....
Cummins Sales Grow 36 Percent in 3Q11
Cummins Inc. last week reported strong sales and earnings for the third quarter. Year-over-year growth was driven by global mining and oil and gas markets, on-highway markets in North America and Brazil, and construction demand in Asia. Third-quarter sales were $4.6 billion, up 36 percent from the same period last year. All segments delivered double-digit growth over the prior year....
Manitowoc Sales Jump 16 Percent in Third Quarter on Strong Crane Segment Growth
The Manitowoc Co. this week reported sales of $935.4 million for the third quarter of 2011, an increase of 15.9 percent compared to sales of $807.1 million in the third quarter of 2010. The sales increase was driven by a 20.7-percent increase in Crane segment sales, coupled with a 10.2-percent increase in Foodservice segment sales....
Hertz to Hold Q3 Conference Call Nov. 2
Hertz Global Holdings, parent company of the Hertz Corp., the world’s largest general use airport car rental company and leading equipment rental company, will hold a conference call to discuss its third-quarter 2011 results Nov. 2 at 10 a.m. ET and remain available for audio replay one hour following the conclusion of the call until Nov. 16....
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