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Dealers: Page 93
Dealers
Strongco Q2 revenues drop 6%, but earnings grow
Ontario-based equipment dealer Strongco Corporation‘s second quarter 2017 revenues decreased roughly 6 percent compared to the same period last year, reaching $95.9 million. However, earnings before interest, tax, depreciation and amortization (EBITDA) increased dramatically compared to the second quarter of 2016, growing to $3.4 million compared to a loss of $2.4 million last year. “Slow […]
August 8, 2017
Dealers
Business Roundup: Shawmut Equipment turns 60; Prinoth adds Company Wrench to dealer network; Construction spending down; Smith Concrete, Shelly host fundraiser; Empire Crane taps NJ manager
Nonresidential sends construction spending down 1.3% in June Decreases in spending on apartment homes and nonresidential projects were the difference in June’s construction spending report, as total U.S. spending fell 1.3 percent to a seasonally adjusted annual rate of $1.205 trillion. Despite the monthly drop, the annual rate remains 1.6 percent above the June 2016 […]
August 8, 2017
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Dealers
Stephenson Equipment to acquire Walsh Equipment
Stephenson Equipment Incorporated (SEI) is acquiring Walsh Equipment, with the latter operating as a division of SEI and continuing to operate out of its two Pennsylvania locations. SEI was founded in 1957 and is based in Harrisburg, Pennsylvania. It now has four branches in its home state along with two in New York. Walsh is […]
August 7, 2017
Dealers
Bomag Americas names Sweet as VP of sales and marketing
Bomag Americas has named Shawn Sweet as vice president of sales and marketing, with responsibilities over dealer and rental sales teams, marketing, product management and new business development. Sweet has 27 years of experience in the construction industry, having worked the first 17 of those years at Ingersoll Rand. He then spent seven years as […]
August 4, 2017
Dealers
Hyundai CE adds Newman Tractor to NA dealer network
Hyundai Construction Equipment Americas has added Newman Tractor, based in Bartow, Florida, to its North American dealer network. This addition adds coverage for sales, rentals, service and parts to central Florida. “The addition to our authorized dealer network of another established, successful dealership continues strengthening our ability to meet the needs of construction equipment customers […]
August 3, 2017
Dealers
Franklin Equipment opens Louisville, Ky. branch
Franklin Equipment has opened a new branch in Louisville, Kentucky, which expands the company’s regional coverage into the state beyond the locations in Ohio, Indiana, Wisconsin and Tennessee, the company reports. Franklin Equipment Louisville follows another opening in June of a branch in Nashville, Tennessee. “We are excited to enter the Kentucky area markets and […]
August 2, 2017
Dealers
H&E Equipment Q2 revenues up 3%, net income jumps 32%
Baton Rouge-based H&E Equipment Services saw second quarter revenues increase 3 percent over the same quarter in 2016 at $249.4 million, with a 32 percent increase in net income to $9.9 million. Revenues were led by an 8.9 percent increase in rental revenue for the quarter, reaching $118.4 million compared to $108.7 in 2016. H&E’s […]
August 1, 2017
Dealers
Equipment Roundup: Volvo PL3005E pipelayer; Eterra PDX-750; VIDEO: What’s a Dumphoe?; New Michelin XTRA Load tires; Deere gives teacher CTL
Volvo’s new PL3005E pipelayer lifts more, converts to excavator with no power loss Volvo CE calls its new PL3005E the “most productive pipelayer” the heavy equipment maker has ever offered in its size class, citing lifting, power, torque and fuel efficiency increases in the new model. Powered by a Tier 4 Final Volvo D8J engine, […]
August 1, 2017
Dealers
Business Roundup: Cat sales jump; BlueLine completes acquisition; Loader sales trends; Volvo CE sales up; CNH profits up
Caterpillar Q2 sales up 9.5%, profit jumps 45% Caterpillar’s second quarter 2017 sales and revenues increased by 9.5 percent compared to 2016, reaching $11.3 billion. In response the company released an improved outlook for the remainder of the year. “Our team delivered an impressive quarter. As demand increased, we continued to control costs and generated […]
August 1, 2017
Dealers
Manitowoc Crane dealer Shawmut Equipment marks 60 years
Shawmut Equipment, which carries Manitowoc Crane Group’s construction cranes and multiple lines of utility equipment, celebrates 60 years in business this year. George O’Connell founded the company in 1957 and members of his family continue to run the business today, with his son David taking over as president in 1978 and David’s sons Brian and […]
July 31, 2017
Dealers
Empire Crane names Pitre manager of New Jersey branch
Empire Crane Company has named Karl Pitre the new branch manager of the company’s Bridgewater, New Jersey, location with oversight of the serve center, parts sales and sales team support. Pitre began his career with Empire Crane in 2012, and was named service manager for the Bridgewater branch when it first opened. “I will be […]
July 28, 2017
Dealers
CNH Industrial Q2 revenues up 3%, profit up 23%
CNH Industrial, parent company of Case Construction Equipment, reported a revenue increase of 2.9 percent to $6.9 billion for second quarter 2017, compared to 2016, and says adjusted net income rose 23 percent to $266 million. The company says operating profit from Industrial Activities reached $481 million for the quarter, $28 million more than the […]
July 27, 2017
Dealers
Prinoth adds Company Wrench to North American dealer network
Tracked vehicle manufacturer Prinoth has added Carroll, Ohio-based Company Wrench to its North American dealer network to represent the company’s Panther vehicles in the state. “With the confidence in the construction industry on the rise, we believe that this market will generate a high interest level for our vehicles,” says Alessandro Ferrari, Vice President of Sales at PRINOTH. […]
July 26, 2017
Dealers
Caterpillar Q2 sales up 9.5%, profit jumps 45%
Caterpillar’s second quarter 2017 sales and revenues increased by 9.5 percent compared to 2016, reaching $11.3 billion. In response the company released an improved outlook for the remainder of the year. “Our team delivered an impressive quarter. As demand increased, we continued to control costs and generated higher profit margins,” says CEO Jim Umpleby regarding […]
July 25, 2017
Dealers
Equipment Roundup: Cat, Ditch Witch visit White House; Hood scoop key on 2017 Chevy HD trucks; Volvo LX1 50% less fuel burn ; Ram unveils new trucks; House ELD delay
Hood scoop key piece in Chevy’s creation of its most powerful HD pickups yet Chevy’s 2017 Silverado 2500 and 3500 pickups aren’t just special to the automaker because they’re new. Thanks to the 6.6-liter Duramax diesel at the heart of these heavy duty pickups, Chevy says these are the most powerful vehicles it has ever […]
July 25, 2017
Dealers
Business Roundup: Case Diamond, Gold Dealers; Terramac, Doosan add dealers; Ky. contractor leverages tech; Idaho Transportation Dept. offers training
Case CE recognizes 2017 Diamond Dealers and Gold Dealers Case Construction Equipment has recognized 20 dealers as part of its 2017 Diamond Dealer and Gold Dealer awards program through its North American Construction Equipment Partnership Program. The company says the awards review dealers in the U.S. and Canada through sales performance, marketing and communications, product support, […]
July 25, 2017
Dealers
BlueLine Rental completes acquisition of Capital Rentals
BlueLine Rental, headquartered in The Woodlands, Texas, has completed its purchase of Capital Rentals, a move that expands BlueLine’s reach in the market surrounding Washington, D.C. Details of the acquisition have not been disclosed. Capital, founded in 1969, has four locations in Virginia and one in Maryland. BlueLine reports the D.C. market is a top […]
July 24, 2017
Dealers
INFOGRAPHIC: Wheel loader sales and buyer trends
A snapshot of new and used sales trends from Randall-Reilly’s Equipment Data Associates and TopBid auction price service.
July 21, 2017
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