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Tag: equipment makers
Business
Komatsu sees profit jump 26% in FY 2013, but expects less demand in coming year
Komatsu says an increase in demand for construction equipment in Japan, China and other regions offset a low demand for mining equipment during fiscal year 2013 adding up to increases in sales and profit for the company. Nonetheless, the has lower expectations for 2014. For the fiscal year ending March 31, the company reported net […]
May 7, 2014
Business
CNH Industrial full-year revenue flat, but 9% profit gain in 4Q adds to overall positive 2013
Following a down third quarter, CNH Industrial saw an increase in profit for the fourth quarter add to an overall positive 2013 for the company. CNH Industrial reported this morning that full-year net revenues were flat at $35 billion (€25.8 billion). Meanwhile, net profit rose 2 percent from 2012 to $1.2 billion (€917 million). For the fourth […]
January 30, 2014
Business
JCB is building a $49 million championship golf course, complete with 18th century mansion-turned-clubhouse
JCB plans to build a championship golf course right in its own back yard. The $49 million course will be built mainly for the use of the company’s network of 770 dealers. It is planned as an 18-hole, Par 72 championship course and will be built on 240 acres to the south of the Rocester […]
January 13, 2014
Business
Martin Weissburg named next president of Volvo Construction Equipment
Martin Weissburg, currently the president of Volvo Financial Services (VFS), will be the next president of Volvo Construction Equipment. Near the end of October it was announced that current Volvo CE president Pat Olney is leaving the company at the end of the year. Olney has been named as the next chief operating officer of […]
November 18, 2013
Business
Cummins sees slight bump in 3Q profits, but cuts outlook due to lower earnings
Despite lower earnings compared to the same quarter last year, Cummins reported a slight increase in third quarter profits thanks to improved revenues and cost reduction measures. “Material cost savings, productivity gains and lower warranty expenses all contributed to the improvement,” Tom Linebarger, Cummins chairman and CEO, said in a prepared statement. The company reported […]
October 30, 2013
Business
Komatsu sees slight decline in sales in first half of year, cuts profit forecast by 26%
Citing a decrease in demand for mining equipment, Komatsu announced decreases in both sales and operating income for the first six months of its fiscal year. In the last six months, the company reports that net sales were down 0.6 percent to 925.1 billion yen ($9.46 billion) compared to the same period last year. Operating […]
October 29, 2013
Business
Volvo CE maintains outlook as 3Q operating income falls 17%
Citing weak demand and “no clear sign of a global recovery in the sector in sight,” Volvo Construction Equipment saw decreases in third quarter sales and operating income. Net sales for the company dropped 7 percent to 12.278 billion SEK ($1.9 billion). Volvo CE says sales were mainly affected by “lower activities in the global […]
October 25, 2013
Business
Despite increase in 3Q operating income, Terex edges down outlook after slight decrease in sales
Following a rough second quarter, Terex announced today that despite a decrease in net sales over the same period last year, it saw improvement in operating income in the third quarter. Terex reported net sales of $1.810.6 billion in the third quarter, down 0.6 percent from $1.822.0 billion in the third quarter of 2012. Operating income […]
October 24, 2013
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Yanmar strengthens alliance with Manitou in purchase of capital and voting rights
Yanmar announced today it has acquired 6.26 percent of the capital and voting rights of Manitou BF, strengthening a 25-year engine alliance and a North American agreement announced this past January. “It is becoming more necessary for each player to have a wide range of product line-up in today’s construction market,” said Takehito Yamaoka, Yanmar […]
October 22, 2013
Construction Equipment
Tim Frank announces resignation from CEO post at Sany America
After two years with the company, Tim Frank announced Monday morning that he has resigned as chairman and CEO of Sany America. The resignation was effective Friday, October 11. The announcement came to news outlets in an email sent out by Frank directing any media inquiries directly to him. “I enjoyed my time getting to […]
October 14, 2013
Business
Despite growth in AWP and cranes, Terex cuts outlook after 2Q operating income falls 51%
Citing a “softened” marketplace compared to what the company originally expected for 2013, Terex Corporation announced year-over-year declines in both net sales and operating income for the second quarter and has cut its outlook for the rest of the year. Net sales for the equipment maker were $1.9 billion in the second quarter, down 5.1 […]
July 29, 2013
Business
CNH reports increased first-quarter profits and sales despite sharp decline in construction equipment
Equipment manufacturer CNH Global announced its first-quarter financial results this morning with the positive news of increases in both sales and operating profits. During the first three months of the year, CNH saw sales of $4.7 billion, an increase of 1 percent over the $4.64 billion the company reported last year at the same time. […]
April 30, 2013
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