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Equipment companies: 2nd quarter sales up

Posted By Marcia Gruver Doyle On July 22, 2011 @ 2:59 pm In Construction News | No Comments

Construction equipment manufacturers are reporting 2nd quarter sales and revenues increases:

Caterpillar: [1] Sales and revenues are up 37 percent from a year ago. Excluding the impact of the firm’s recent $8.8 billion buy of Bucyrus International, the company has raised expectations for 2011 to $54 to $56 billion of worldwide sales and revenues.

Terex [2]: Sales during the quarter increased about 30 percent from the same period in 2010. Terex also made a recent big buy, purchasing Demag Cranes AG.

Volvo [3]: Net sales rose 32 percent. Volvo full-year forecast for the North American market remains unchanged at a projected increase of 25 to 35 percent.

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URLs in this post:

[1] Caterpillar:: http://www.caterpillar.com/earnings

[2] Terex: http://ir.terex.com/phoenix.zhtml?c=78780&p=irol-newsArticle_print&ID=1587332&highlight=

[3] Volvo: http://www.volvo.com/constructionequipment/corporate/en-gb/press_room/press_releases/NewsItem.htm?ItemId=106362&sl=en-gb

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