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Cummins sees slight bump in 3Q profits, but cuts outlook due to lower earnings

Cummins sees slight bump in 3Q profits, but cuts...

Posted by Wayne Grayson on Oct 30, 2013

Despite lower earnings compared to the same quarter last year, Cummins reported a slight increase in third quarter profits thanks ...

Komatsu sees slight decline in sales in first half of year, cuts profit forecast by 26%

Komatsu sees slight decline in sales in first half of...

Posted by Wayne Grayson on Oct 29, 2013

Citing a decrease in demand for mining equipment, Komatsu announced decreases in both sales and operating income for the first ...

Despite increase in 3Q operating income, Terex edges down outlook after slight decrease in sales

Despite increase in 3Q operating income, Terex edges...

Posted by Wayne Grayson on Oct 24, 2013

Following a rough second quarter, Terex announced today that despite a decrease in net sales over the same period last ...

Caterpillar 3Q profits down 44%, cuts outlook for 2013 once more

Caterpillar 3Q profits down 44%, cuts outlook for 2013...

Posted by Wayne Grayson on Oct 23, 2013

Caterpillar is reporting another down quarter due to decreased mining demand with third quarter sales and revenues down 22.5 percent ...

Yanmar strengthens alliance with Manitou in purchase of capital and voting rights

Yanmar strengthens alliance with Manitou in purchase of...

Posted by Wayne Grayson on Oct 22, 2013

Yanmar announced today it has acquired 6.26 percent of the capital and voting rights of Manitou BF, strengthening a 25-year ...

After sale of roadbuilding equipment, Terex to upgrade, repurpose Oklahoma City plant

After sale of roadbuilding equipment, Terex to upgrade,...

Posted by Marcia Gruver Doyle on Oct 16, 2013

Following the sale of its roadbuilding equipment to Fayat Group earlier this year, Terex says it will upgrade and repurpose ...

Tim Frank announces resignation from CEO post at Sany America

Tim Frank announces resignation from CEO post at Sany...

Posted by Wayne Grayson on Oct 14, 2013

After two years with the company, Tim Frank announced Monday morning that he has resigned as chairman and CEO of ...

CNH, Fiat Industrial appoint Massimiliano Chiara CFO

CNH, Fiat Industrial appoint Massimiliano Chiara CFO

Posted by Wayne Grayson on Aug 30, 2013

Fiat Industrial and CNH Global have announced Massimiliano "Max" Chiara as the new Chief Financial Officer of both companies. The appointment of ...

Terex sells large wheel loader line to German manufacturer Atlas Maschinen

Terex sells large wheel loader line to German...

Posted by Wayne Grayson on Aug 20, 2013

Terex has sold all intellectual properties of its large wheel loader line to German manufacturer Atlas Maschinen, according to a ...

John Deere sees record Q3 income of $997 million despite 11% decrease in construction sales

John Deere sees record Q3 income of $997 million...

Posted by Wayne Grayson on Aug 14, 2013

Thanks to higher shipment volumes and an increase in sales within its agriculture and turf division, John Deere reported a ...

CNH 2Q net sales up 9%, operating profit up 26%

CNH 2Q net sales up 9%, operating profit up 26%

Posted by Wayne Grayson on Jul 31, 2013

Thanks to big increases in agricultural equipment sales, CNH Global saw jumps in both net sales and operating profit in ...

Komatsu sees small decline in 1Q net sales, remains confident in stronger outcome for 2013

Komatsu sees small decline in 1Q net sales, remains...

Posted by Wayne Grayson on Jul 30, 2013

Decreases in demand for construction and mining equipment in Indonesia and mining equipment in Latin America led to year-over-year declines ...

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