Finning Enjoys Sizzling First Quarter
Finning International last week reported record quarterly revenue of CAD $1,426.4 million (about U.S. $1,283.4 million) for the first quarter of 2007, a 21.2-percent increase compared with the first quarter of 2006. Earnings from continuing operations before interest and income taxes were CAD $111.9 million (about U.S. $100.7 million) a 22-percent hike compared with the same period last year. ...
Ahern Rentals Announces 1Q07 Earnings Call
Ahern Rentals last week announced it will hold a conference call at 10 a.m. Pacific time on Wednesday, May 16, to discuss matters covered in the company's quarterly report on Form 10-Q for the fiscal quarter ended March 31, which the company expects to file with the Securities and Exchange Commission on Monday, May 14. ...
Volvo Group Reports 1Q07 Sales Decrease 3%
Stockholm, Sweden-based Volvo Group last week reported that first-quarter net sales decreased 3 percent to SEK 61.0 billion (about U.S. $8.9 billion), from SEK 62.7 billion (U.S. $9.2 billion) a year ago....
Kubota Corp. Reports 5.8% Full-year Revenue Increase
Osaka, Japan-based Kubota Corp. last week announced that revenues for the year ended March 31, increased 5.8 percent to 61.7 billion yen (about U.S. $513.4 million), to 1,127.5 billion yen (U.S. $9.38 billion) from the prior year. ...
Cummins Declares Quarterly Common Stock Dividend
The board of directors of Cummins Inc. last week declared a quarterly common stock cash dividend of 18 cents per share, payable June 1, to shareholders of record on May 18. The dividend has been adjusted to reflect the company’s 2-for-1 stock split that took effect April 9....
Cummins Reports Sales of $2.8 Billion in 1Q07
Columbus, Ind.-based Cummins Inc. last week announced strong first-quarter earnings, led by significant sales growth in almost every market. The first-quarter performance demonstrated the benefits of the company’s ongoing effort to lower its cost structure and to diversify its business beyond the North American heavy-duty truck engine market, the company said....
Oshkosh Truck Reports Higher 2Q07 EPS of $0.68
Oshkosh Truck Corp., a leading manufacturer of specialty vehicles and vehicle bodies, last week reported that, for its second quarter of fiscal 2007, earnings per share were $0.68, on sales of $1.7 billion and net income of $50.9 million. These results compare with EPS of $0.67 on sales of $844.8 million and net income of $49.8 million for last year's second quarter. Oshkosh's EPS exceeded the company's most recent earnings estimate range for the quarter of $0.50 to $0.57 per share. Oshkosh also reaffirmed its estimated range of fiscal 2007 earnings per share of $3.15 to $3.25. ...
Atlas Copco Increases Credit Facility to $1 Billion
Stockholm, Sweden-based Atlas Copco AB last week announced it has signed an increased and amended $1 billion multi-currency revolving credit facility to be used as a back-up facility to Atlas Copco’s commercial paper programs and for general corporate purposes. ...
Ritchie Bros. 1Q07 EPS Increases 33%
Vancouver, British Columbia-based Ritchie Bros. Auctioneers last week announced net earnings of $17.6 million, or $0.50 per diluted weighted average share, for the quarter ended March 31, a 33-percent increase over the comparable period in 2006. All dollar amounts are presented in U.S. dollars....
Trimble Reports 1Q07 Revenue Growth of 27 Percent
Sunnyvale, Calif.-based Trimble last week announced results for its first quarter 2007, ended March 30. Revenue for the first quarter of 2007 was $285.7 million, up approximately 27 percent from revenue of $225.9 million in the first quarter of 2006. ...
Hertz Reports Record 1Q Earnings of $1.92 Billion
Hertz Global Holdings last week reported record first-quarter 2007 revenues of $1.92 billion, an increase of 7.6 percent from $1.78 billion in the same period in 2006. Revenues from worldwide equipment rental were $389.9 million, up 7.4 percent from $363.1 million in the prior-year period. ...
Terex Announces First-quarter Income of $113.8 Million
Westport, Conn.-based Terex Corp. last week announced income from continuing operations for the first quarter of 2007 of $113.8 million, or $1.09 per share, compared to income from continuing operations of $76.9 million, or $0.75 per share, for the first quarter of 2006. ...
Atlas Copco Reports Record Earnings and Accelerated Growth
Stockholm, Sweden-based Atlas Copco last week announced record profitability and continued strong demand from the mining, construction, manufacturing and process industries, in all geographical areas. First-quarter 2007 revenues were SEK 13.39 billion (about U.S. $1.99 billion), a 12-percent increase from SEK 11.95 billion (U.S. $1.78 billion) in the same period in 2006. Operating profit was SEK 2.54 billion (U.S. $377.8 million), a 21-percent increase from SEK 2.10 billion (U.S. $311.7 million) in the year-ago period....
Gehl Co. Reports Record 1Q07 Net Income and EPS; Raises Full-year Outlook
Gehl Co. last week reported record first-quarter income from continuing operations of $6.5 million, or $0.52 per diluted share, for the quarter ended March 31, compared with income from continuing operations of $6.4 million, or $0.51 per diluted share, for the first quarter of 2006. ...
Ingersoll Rand Announces 2007 1Q Earnings of $0.70 Per Share
Hamilton, Bermuda-based Ingersoll-Rand Co., a leading diversified industrial firm, last week announced first-quarter 2007 net earnings of $217.5 million, or diluted earnings per share of $0.70, compared with $253.2 million, or EPS of $0.76 in the same period a year ago. First-quarter net earnings included $216.5 million, or EPS of $0.70 from continuing operations, as well as $1.0 million of income equal to EPS of $0.0, from discontinued operations related to the Road Development business. ...
Gorman-Rupp Reports Record 1Q Sales of $74.5 million
Mansfield, Ohio-based The Gorman-Rupp Co. last week reported record net sales of $74.5 million during the first quarter ended March 31, compared to $67.1 million during the same period in 2006, an 11-percent increase. Net income during the quarter was $5.1 million, an increase of 12.2 percent compared to $4.5 million in 2006, resulting in record first-quarter earnings per share of $0.38 compared to $0.34 in 2006. ...
Toro Announces Public Offering Of Senior Notes
The Toro Co. last week announced that it agreed to sell $125 million aggregate principal amount of 6.625 percent unsecured senior notes due May 1, 2037 in an underwritten public offering. Toro intends to use the proceeds of the offering to pay at maturity its $75 million outstanding principal amount of 7.125 percent notes due June 15, as well as for general corporate purposes. The offering was expected to close last week....
Caterpillar Posts 7% 1Q07 Sales and Revenue Increase
Peoria, Ill.-based Caterpillar Inc. last week reported record first-quarter profit per share of $1.23, a $0.03 per share improvement from the first quarter of 2006. These results came despite severe weakness in two important North American industries. Sales and revenues of $10.01 billion were also a first-quarter record and were up 7 percent, or $624 million, from $9.39 billion in last year's first quarter....
Alberta’s CERF More Than Doubles ’06 Revenue
The Canadian Equipment Rental Fund, doing business as 4-Way Rentals, more than doubled revenue in 2006, the company reported last week. Total revenue jumped from CD $4.7 million (more than U.S. $4.1 million) to $10.2 million (about U.S. $9.1 million). The company increased net income by 289 percent from CD $588,000 to CD $2.3 million. ...
Haulotte 1Q Earnings Up 37%
L’Horme, France-based Haulotte Group last week announced first-quarter 2007 turnover of €144.2 million (about U.S. $196.1 million) compared with €105.3 million (about U.S. $143.2 million) in Q1 2006. ...
Atlas Copco Announces April 26 Q107 Conference Call
Stockholm, Sweden-based Atlas Copco will publish its first-quarter 2007 results on Thursday, April 26, at approximately 12 p.m. Central European summer time (6 a.m. U.S. Eastern time). A conference call will be held at 3 p.m. CEST (9 a.m. EDT). ...
Briggs & Stratton Declares Dividend
Milwaukee-based Briggs & Stratton Corp. last week declared a quarterly dividend of $0.22 per share on the company’s common stock. The dividend is payable June 29, to shareholders of record at the close of business June 1....
United Rentals Plans May 3, 1Q07 Conference Call
Greenwich, Conn.-based United Rentals last week announced it will hold its first-quarter conference call with CEO Wayland Hicks, chief operating officer Michael Kneeland, and chief financial officer Martin Welch on Thursday, May 3, at 11 a.m. Eastern time....
Ingersoll Rand Schedules 1Q07 Conference Call and Webcast
Hamilton, Bermuda-based Ingersoll-Rand Co., a leading diversified industrial company, last week announced that it expects to release its 2007 first-quarter financial results on Friday, April 27, at 7 a.m. Eastern time....
Caterpillar Maintains Dividend Rate
Caterpillar Inc. last week declared a quarterly cash dividend of 30 cents per share on its common stock, payable May 19, to stockholders of record at the close of business April 23....
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