Strong First Quarter For Ontario’s Toromont
Toromont Industries, the Toronto-based parent company of rental company Battlefield Equipment Rentals, reported record revenues and net earnings for the first quarter of 2008. Net earnings for the quarter were CD $16.5 million (about U.S. $16.3 million), up 16 percent compared with $14.3 million in the first quarter of 2007. Revenue for the quarter was CD $400.6 million, a 3-percent increase from 2007’s first-quarter total of $390.2 million....
Terex 1Q08 Results Show Double-Digit Growth
Terex Corp. last week announced net income for the first quarter of 2008 of $163.3 million, or $1.59 per share, compared to net income of $113.8 million, or $1.09 per share, for the first quarter of 2007, an increase in earnings per share of 46 percent. Net income for the first quarter of 2007 included a $12.5 million pretax charge related to the early extinguishment of the company’s 9-1/4-percent senior subordinated notes, which negatively impacted earnings per share by $0.08. Net sales reached $2.4 billion in the first quarter of 2008, an increase of 17.4 percent from $2.0 billion in the first quarter of 2007. The increase in net sales versus the prior year period was favorably impacted by acquisitions and by the effect of currency exchange rates (1.9 percent and 6.1 percent, respectively). All per-share amounts are on a fully diluted basis....
Atlas Copco Reports 28-Percent Q108 Revenue Increase
Stockholm, Sweden-based Atlas Copco last week reported first-quarter results with sustained high growth in all business areas and on all geographical markets....
CNH Reports Record First-Quarter Revenues of $4.4 Billion
Burr Ridge, Ill.-based CNH Global N.V. last week reported first-quarter 2008 net income of $112 million, up compared to net income of $95 million in the prior year. Results include restructuring charges, net of tax, of $13 million in the first quarter of 2008, compared with $10 million in 2007. Net income excluding restructuring charges, net of tax, was $125 million, up 19 percent compared to $105 million in the prior year. First-quarter diluted earnings per share were $0.47, compared with $0.40 per share in 2007. Before restructuring, net of tax, first quarter diluted earnings were $0.53 per share, compared with $0.44 per share in the prior year....
Haulotte 1Q08 Sales Decline; Company Maintains Full-year Guidance
Haulotte Group had consolidated first-quarter sales of €126.2 million (about U.S. $199.2 million) compared with €136.3 million (U.S. $215.2 million) in the equivalent prior-year period, a decline of 7 percent. Strong growth in emerging markets (+50 percent) and services (+16 percent) was not sufficient to offset the relative weakness in aerial work platform sales in Western Europe (-14 percent) reflecting greater-than-expected caution among many customers in Western Europe at the start of the year....
Gorman-Rupp Reports Strong First Quarter, Expansion Plans
The Gorman-Rupp Co. last week reported record net sales of $81.4 million during the first quarter ended March 31, compared to $74.5 million during the same period in 2007, an increase of 9.4 percent. Net income during the quarter was $7.2 million, an increase of 40.5 percent compared to $5.1 million in 2007, resulting in record earnings per share of $0.43 compared to $0.30 for the first quarter in 2007....
Caterpillar Posts Record First Quarter Revenues and Profits
Caterpillar last week reported record first-quarter profit per share of $1.45, an 18 percent increase compared with $1.23 per share in the first quarter of 2007. ...
RSC Holdings to Host First-quarter 2008 Earnings Call
Terex Corp. Announces 1Q08 Conference Call
Toromont to Announce First-quarter 2008 Results on April 23
Ritchie Bros. Announces 2008 Q1 Earnings Call
Ritchie Bros. Auctioneers, Vancouver, British Columbia, an international auctioneer of industrial equipment, last week announced it will hold its quarterly conference call to discuss its year-end results on Tuesday, April 29, at 11 a.m. Eastern time....
Terex Announces 1Q08 Earnings Call
Westport, Conn.-based Terex Corp. last week announced a conference call to review its first-quarter 2008 financial results. The live call will begin on Thursday, April 24, at 8:30 a.m. Eastern time. Ronald DeFeo, chairman and CEO, will host the call....
Hertz to Hold April 24 Q1 Conference Call
Hertz Global Holdings, parent company of Hertz Corp., including its car and equipment rental divisions, will hold a conference call April 24 at 10 a.m. ET to discuss its first-quarter operating results. The call will be available for replay for one week. ...
Wacker Posts Record Year in 2007
Wacker Construction Equipment experienced the best results in company history, with sales of €742.1 million (about U.S. $1.17 billion) compared with €619.3 million in fiscal 2006, a 19.8-percent increase. EBITDA jumped to €119.6 million (about U.S. $188.9), compared with €100.2 million a year ago, a 19.3-percent leap....
LoJack Corp. Lowers 2008 EPS and Revenue Guidance, on Weak Auto Market
LoJack Corp., a leading provider of tracking and recovery systems for stolen mobile assets, last week released updated 2008 guidance of $0.75 to $0.85 per fully diluted share, primarily as a result of the difficult domestic economic situation more severely impacting the auto business than the company originally anticipated....
Deutz Revenues Jump 30 Percent in 2007
The Deutz Group last week reported it enjoyed a successful year in 2007 with significant improvements in all key performance indicators. On the back of strong demand, particularly in the compact engines segment, new orders saw a year-on-year increase of 22.2 percent to €1.58 billion (about U.S. $2.48 billion based on current currency conversion rates) from €1.30 billion (U.S. $2.04 billion) in 2006....
Ahern Rentals Sets Q4 and FY 2007 Conference Call
Ahern Rentals has announced its fourth quarter and full-year 2007 conference call for Friday March 28, at 10 a.m. PDT. The dial-in number is 800/786-7015. The replay number is 800/633-8284. The pass code is 21379155. The replay will be available at noon PDT March 28, through noon PDT on April 4....
Gehl Reports 2007 Net Sales Off 6 Percent
Gehl Co. last week reported 2007 income from continuing operations of $24.9 million, or $2.00 per diluted share, on net sales of $457.6 million, compared to $28.1 million and $2.26 per diluted share in 2006. Fourth-quarter income from continuing operations of $4.7 million, or $0.38 per diluted share, on net sales of $102.2 million....
Astec Industries Reports Record ’07 Revenues of $869 Million
Astec Industries last week reported results for the fourth quarter and for the year ended Dec. 31, 2007. Revenues for 2007 were $869 million compared with $711 million for 2006, for an increase of 22 percent. Domestic sales were $591 million for 2007, or 68 percent of 2007 revenues, compared to domestic sales of $518 million for 2006, or 73 percent of 2006 revenues. International sales were $278 million for 2007, a 45-percent increase over 2006, or 32 percent of 2007 revenues, compared to international sales of $192 million for 2006, or 27 percent of 2006 revenues. Gross margins for 2007 compared to 2006 increased 40 basis points. The company reported net income of $57 million, or $2.53 per diluted share, for 2007 compared with a net income of $40 million, or $1.81 per diluted share for 2006, resulting in a 40-percent increase in diluted earnings per share....
Terex Reports 4Q07 Best Quarter of the Year with Net Income of $174 Million
Westport, Conn.-based Terex Corp. last week announced net income for the fourth quarter of 2007 of $174.0 million, or $1.67 per share, compared to net income of $100.9 million, or $0.97 per share, for the fourth quarter of 2006, a 72-percent jump. All per-share amounts are on a fully diluted basis....
Ritchie Bros. Auctioneers Achieves Record $3.19 Billion 2007 Auction Proceeds
Ritchie Bros. Auctioneers last week announced that it achieved net earnings of $76 million, or $2.17 per diluted weighted average share, for the year ended Dec. 31, representing growth of 33 percent over 2006 net earnings of $57.2 million, or $1.64 per diluted weighted average share. All dollar amounts are presented in United States dollars....
Gorman-Rupp Reports Record 2007 Sales of $305 Million
The Gorman-Rupp Co. reported record net sales of $305.6 million for the year ending Dec. 31, 2007, compared to $270.9 million in 2006, an increase of 12.8 percent. Net income increased 19.9 percent in 2007 and was a record $22.9 million compared to $19.1 million in 2006. Record earnings per share were $1.37 for 2007 compared to $1.14 in 2006, after adjusting for a 5-for-4 split effective Dec. 10, 2007....
Lojack Corp. Reports $55.3 Million 4Q07 Revenue
Westwood, Mass.-based LoJack Corp. last week reported that revenue for the fourth quarter ended Dec. 31, increased 8 percent to $55.3 million, from $51.1 million in the same period a year ago. For the year ended Dec. 31, revenue increased 4 percent to $222.7 million, from $213.3 million in 2006....
Texada’s Losses Narrow in Third Quarter
Texada Software last week posted a third-quarter net loss of CAD$648,000, or 1 cent per share, compared with a 2006 third-quarter loss of CAD$819,000, or 3 cents per share. Revenues for the quarter increased from CAD$1 million in the third quarter of 2006 to CAD$1.11 million in this year’s third quarter....
Deere Announces Quarterly Dividend
The Deere & Co. board of directors last week declared a regular quarterly dividend of $0.25 per post-split share, payable Feb. 1, 2008, to stockholders of record on December 31. ...
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