Manitowoc Achieves Record 4Q Sales, Earnings and Cash Generation
The Manitowoc Co. last week reported results for the quarter ended Dec. 31. As a result, the company's fiscal 2006 results set records for sales, earnings per share and cash generation. For the most-recent quarter, net sales increased 32 percent to $775.2 million from $589.3 million during the fourth quarter of 2005. Reported earnings per diluted share were 69 cents for the fourth quarter of 2006 compared to 30 cents for the fourth quarter of 2005....
Caterpillar Announces Record 4Q06
Marking the fourth straight year of double-digit profit growth and the third consecutive year of record sales and profit, Caterpillar last week reported 2006 sales and revenues of $41.5 billion and profit of $3.5 billion, or $5.17 per share, up 28 percent from a year ago. The company also reported a record fourth quarter with sales and revenues of $11.0 billion and profit of $882 million, or $1.32 per share, up 10 percent from last year....
Gorman-Rupp Declares Cash Dividend
The board of directors of The Gorman-Rupp Co., Mansfield, Ohio, declared a quarterly cash dividend of 12 cents per share on the common stock of the company, payable March 9, 2007, to shareholders of record February 15, 2007. This marks the 228th consecutive dividend paid by the company. ...
Terex Completes Redemption of $200 Million Senior Notes
Westport, Conn.-based Terex Corp. last week announced that it completed the previously announced redemption of the $200 million principal amount of its 9 1/4% senior subordinated notes due 2011, effective Jan. 16. The total cash paid was $218.5 million, and included a call premium of 4.625 percent as set forth in the indenture for these notes plus accrued interest of $46.25 per $1,000 principal amount at the redemption date. At Sept. 30, 2006, the notes being called represented $200 million of the company's $791.7 million of debt. The 9 ¼-percent notes were originally issued Dec. 17, 2001....
Caterpillar Announces 4Q and Year-end ’06 Earnings Call
Peoria, Ill.-based Caterpillar Inc. last week announced it will release 2006 fourth-quarter and year-end financial results at 6:30 a.m. Central Time on Friday, Jan. 26. ...
Ingersoll Rand Schedules 4Q, Year-end Conference Call
Ingersoll-Rand Co. Limited, Hamilton, Bermuda, last week announced that it expects to release its 2006 fourth-quarter and full-year financial results on Wednesday, Jan. 31, 2007, at 7 a.m. Eastern Time. ...
Sunbelt Rentals Posts Strong Earnings for the First Half of the Fiscal Year
CHARLOTTE, N.C.- Sunbelt Rentals recently reported strong results in the six-month period ended Oct. 31, with revenues increasing by 46.8 percent to $597...
Ritchie Bros. Announces Record-breaking 2006 Gross Auction Sales
Vancouver, British Columbia-based Ritchie Bros. Auctioneers last week announced the conclusion of its 2006 auction calendar with a preliminary estimate of $2.7 billion in gross auction sales for the year, a 30-percent increase compared to last year's result. ...
Terex Announces Share Repurchase Program
Terex Corporation last week announced that its board of directors has authorized a stock buyback plan in which the company may purchase up to $200 million of Terex’ outstanding common shares through June 30, 2008....
Cummins to Withdraw Pacific Exchange Listing; Retain NYSE Listing
Columbus, Ind.-based Cummins Inc. last week announced that it plans to voluntarily withdraw the listing of its common stock from NYSE Arca Inc., formerly the Pacific Exchange....
JLG Accepts for Purchase Its 2008 and 2012 Senior Notes
McConnellsburg, Pa.-based JLG Industries last week announced that it accepted for purchase pursuant to its offers to purchase and consent solicitations, all of its 8 1/4 -percent senior notes due 2008, and its 8 3/8-percent senior subordinated notes due 2012 that were tendered to JLG pursuant to such offers. ...
United Rentals Receives Neutral Rating from Analyst
A Banc of America Securities analyst initiated coverage of United Rentals Inc. with a “Neutral” rating, saying there are few catalysts driving upside in the non-residential construction cycle, according to an AP report....
Toro Reports Record Fiscal 2006 Net Sales and Net Earnings
The Toro Co. last week reported record net sales and net earnings for the fiscal year ended October 31....
Ingersoll Rand’s Board Approves $2 Billion Share Repurchase Program
The board of directors of Hamilton, Bermuda-based Ingersoll Rand Co. last week authorized the repurchase of up to $2 billion of the company’s Class A shares. ...
CERF Posts Strong Third Quarter
Canadian Equipment Rental Fund, a Calgary, Alberta-based rental company, announced CA $2.5 million (about U.S. $2.17 million) in revenues for the third quarter, a 67-percent jump from the same period in 2005....
JLG Seeks De-Listing of Stock After Acquisition
JLG Industries last week announced it submitted a request to the New York Stock Exchange for withdrawal of the listing of its common stock effective Dec. 8....
Deere Announces Dividend Rate Increase
The Deere & Company board of directors last week authorized an increase in the quarterly dividend rate to 44 cents a share, from the previous level of 39 cents. Since early 2004, the company has increased the quarterly dividend rate on four occasions, by a combined total of 100 percent. ...
Manitowoc Expects 20-percent Crane Revenue Increase In ’07
Manitowoc, Wis.-based Manitowoc Co. last week for the full-year 2006 affirmed its prior earnings per share guidance of $2.70 to $2.75 excluding special items. The company also said it expects capital expenditures will total $68.1 million; research and development costs will reach $33.6 million; international shipments will climb to $1.39 billion; and SG&A as a percent of sales will decline to 11.8 percent....
United Rentals Uncorks Strong Third Quarter
United Rentals last month announced record third-quarter earnings per share of 85 cents, up about 20 percent compared with 71 cents per...
Hertz IPO Falls Short of Expectations
PARK RIDGE, N.J.- Car rental and equipment rental company Hertz Global Holdings raised $1.32 billion last month with one of the largest initial public...
H&E Equipment Grows Revenues 37 Percent in Q3
BATON ROUGE, La.- H&E Equipment Services increased revenues 37.4 percent in the third quarter, from $148.5 million in the same period last year to $204.1...
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. ...
Deere Reports Strong 4Q Results; Sets Full-year Earnings Record
Moline, Ill.-based Deere & Co. last week announced worldwide net income of $277.3 million, or $1.20 per share, for the fourth quarter ended Oct. 31, compared with $232.8 million, or 96 cents per share, for the same period last year, a 19.1-percent increase. ...
JLG Announces Pricing for Debt Tender Offers
JLG Industries last week set the pricing for its previously announced cash tender offers and consent solicitations in respect of its outstanding 8 ¼-percent senior notes due 2008 and its 8 3/8-percent senior subordinated notes due 2012. ...
H&E Equipment Services Completes Senior Notes Exchange Offer
H&E Equipment Services last week announced that it completed its exchange offer of $250 million aggregate principal amount of its 8 3/8-percent senior notes due 2016 registered under the Securities Act of 1933 for $250 million aggregate principal amount of its outstanding 8 3/8-percent senior notes due 2016 issued in a private offering in August 2006. ...
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