JLG Announces 4Q Conference Call and Webcast
McConnellsburg, Pa.-based JLG Industries last week said it will announce its 2006 fourth-quarter and full-year financial results on Sept. 25, 2006, at 2 p.m. Eastern time. JLG chairman and CEO Bill Lasky and chief financial officer Jim Woodward will host a conference call and supporting webcast to discuss the company's fourth quarter and fiscal year 2006 results, as well as matters related to the company's outlook for fiscal year 2007....
The Home Depot Announces Share Repurchase Program
Home Depot last week announced that its board of directors authorized an additional $3.5 billion to repurchase outstanding shares, bringing the total authorized share repurchase program to $17.5 billion. As of the end of the second quarter of fiscal 2006, the company had repurchased $12.5 billion under this authorization. The board also approved a second quarter dividend of 15 cents....
Canadian Equipment Rental Fund Announces Record 2Q Results
Canadian Equipment Rental Fund Limited Partnership, doing business as 4-Way Equipment Rentals last week announced results for the three and six months ended June 30, 2006....
Stephenson’s Posts 23 Percent Second Quarter Revenue Jump
Stephenson’s Rental Services increased second-quarter revenues 23 percent year over year to CD $12.5 million, the company said last week. Stephenson’s said its acquisition of A1 Equipment Rentals, completed in May, plus higher rental revenue generated by a larger rental fleet and price increases implemented in 2005 and 2006 contributed to the improvement. Revenue from equipment rental represented about 79 percent of total revenue for the quarter, compared with 81 percent for the same period in 2005, while revenue from consumables and new equipment sales grew 14.5 percent compared to the year-ago period....
Canada’s Wajax Posts Strong 2nd Quarter
Mississauga, Ont.-based Wajax announced a CD $38.7 million increase in the second quarter, a 14-percent year-over-year jump from the same period in 2005. The percentage increase was 18 percent after adjusting for the decline in the value of the U.S. dollar. Mobile equipment revenues increased 14 percent, industrial components 12 percent and power systems 16 percent, primarily as a result of continuing strength in the Alberta energy sector. ...
Toromont Announces Quarterly Dividend
Toronto, Ontario-based Toromont Industries last week announced the regular quarterly dividend of 10 cents per share on outstanding common shares, payable Oct. 2, to shareholders of record on Sept. 15....
The Home Depot Announces $1.86 Billion in 2Q06 Net Earnings
Atlanta-based The Home Depot, last week reported second quarter net earnings of $1.86 billion, or 90 cents per diluted share, up 9.8 percent compared to the same period in fiscal 2005. The company reported, on an adjusted basis, 93 cents per diluted share, up 13.4 percent, compared to 82 cents per diluted share for the same period in fiscal 2005....
NationsRent Announces Pricing for Debt Tender Offers
Fort Lauderdale, Fla.-based NationsRent Companies last week set the pricing for its previously announced cash tender offers and consent solicitations in respect of its outstanding 9 1/2-percent senior secured notes due 2010 and its 9 ½-percent senior notes due 2015....
Canada’s Wajax Posts Strong 2nd Quarter
Mississauga, Ont.-based Wajax announced a CD $38.7 million increase in the second quarter, a 14-percent year-over-year jump from the same period in 2005. The percentage increase was 18 percent after adjusting for the decline in the value of the U.S. dollar....
Stephenson’s Posts 23 Percent Second Quarter Revenue Jump
Stephenson’s Rental Services increased second-quarter revenues 23 percent year over year to CD $12.5 million, the company said last week. Stephenson’s said its acquisition of A1 Equipment Rentals, completed in May, plus higher rental revenue generated by a larger rental fleet and price increases implemented in 2005 and 2006 contributed to the improvement. Revenue from equipment rental represented about 79 percent of total revenue for the quarter, compared with 81 percent for the same period in 2005, while revenue from consumables and new equipment sales grew 14.5 percent compared to the year-ago period....
Deere 3Q Earnings Rise 68 Percent
Deere & Co., Moline, Ill., last week reported worldwide net income of $247.5 million, or $1.02 per share, for the third quarter ended July 31, a 68 percent increase over last year’s $147.6 million, or 61 cents per share....
GE Antares Provides $250 Million Senior Credit Facility for H&E Equipment
GE Antares last week announced it is the administrative agent for an amended and restated $250 million senior secured revolving credit facility to support the refinancing of H&E Equipment Services. GE Capital Markets served as sole lead arranger for the credit facilities....
NationsRent Receives Requisite Consents Relating to its Outstanding Notes
Fort Lauderdale, Fla.-based NationsRent Companies last week announced that the requisite number of holders of each of its 9.5 percent senior secured notes due 2010 and its 9.5 percent senior notes due 2015 had, by 5 p.m...
Ritchie Bros. Announces Record Second Quarter Results and Dividend Increase
Vancouver, British Columbia-based Ritchie Bros. Auctioneers recently announced net earnings for the six months ended June 30, 2006 reached $37.7 million, or $1.08 per diluted weighted average share...
Gorman-Rupp Reports Record Second Quarter and Six Month Results
Mansfield, Ohio-based Gorman-Rupp Co. last week reported record earnings and sales for the second quarter and six months ended June 30, 2006. Net income increased 64.8 percent to $5.5 million for the quarter compared to $3.3 million during the second quarter 2005. Net sales of $67.9 million during the quarter were up 21 percent compared to $56.1 million during the same period in 2005. Earnings per share for the quarter were 52 cents compared to 32 cents for the second quarter 2005....
H&E Equipment Services Announces 2Q06 Earnings and Conference Call
H&E Equipment Services last week announced that it will release its 2006 second quarter financial results after the market closes on Thursday, Aug. 10. The company will also hold a conference call to discuss second-quarter results on Friday, Aug. 11, at 10 a.m. Eastern time....
Gehl Reports All-Time Record Quarterly Sales of $139.5 Million
Gehl Co. last week reported all-time record quarterly net sales from continuing operations of $139.5 million for the quarter ended June 30, 2006, an increase of 9 percent from 2005 second-quarter net sales from continuing operations of $128.3 million....
Third Quarter RSC Sale Likely, Atlas CEO Says
STOCKHOLM, Sweden The sale of Rental Service Corp. is expected to be finalized during the third quarter, Gunnar Brock, president and CEO of parent company...
Emeco's IPO Falls Short of Expectations
PERTH, Australia Emeco Holdings Ltd. last month debuted on the Australian Stock Exchange blow its initial marketing range. The Perth, Australia-based...
Hertz Files For IPO
PARK RIDGE, N.J. Hertz Global Holdings last month filed a registration statement with the Securities and Exchange Commission for an initial public offering...
ASV Announces Record 27 Percent 2Q06 Sales Increase
ASV Inc. last week reported results for its second quarter ended June 30, 2006. Net sales for the second quarter of 2006 increased 27 percent...
Cummins Boosts Q2 Profits 56 Percent
Cummins Industries’ second-quarter profit grew 56 percent to $220 million, or $4.38 per share, up from $141 million, or $2.83 per share in the same period last year...
Briggs & Stratton Announces Fiscal Q4 Sales Decrease
Briggs & Stratton Corp. recently announced softer fiscal 2006 fourth quarter net sales than it expected. Fourth-quarter net sales for the engine segment...
Scaffolding Specialist Harsco Posts Strong Second Quarter
Scaffolding rental specialist Harsco last week reported a 29 percent increase in quarterly profit, boosted by earnings from its industrial services unit and two acquisitions late last year....
United Rentals Announces Second-Quarter 2006 Conference Call and Webcast
Greenwich, Conn.-based United Rentals last week said it will hold its quarterly conference call with Wayland Hicks, CEO; Martin Welch...
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