Tag: business: Page 56

Business

When selling your construction company is the best option

[Editor’s Note: This is Part Three in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] If you’re in the market to sell your business, you may be in luck, especially if […]

February 4, 2014

Business

How 2 construction companies (one large, one small) decided to close their doors

[Editor’s Note: This is Part One in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] Keith Andrews, president, RaCON Incorporated, looks at his nearly empty equipment yard from the driver’s seat […]

February 3, 2014

Business

SPECIAL REPORT: The Future of Your Construction Company. How and when to walk away.

In the wake of the Great Recession, many baby boomer contractors are planning their business’s futures. Specifically, is this the end? And if so, should I sell? Liquidate? Pass it on? Even if the end isn’t in your near future, our four-part Special Report will get you well in the way to forming a sensible […]

February 3, 2014

Business

Komatsu profit up 26% in first 9 months due to increased demand for construction equipment

Despite impact from a low demand for mining equipment, Komatsu saw increases in both sales and profits for the first nine months of its fiscal year. The company reported net sales of $13.6 billion (1.38 trillion yen), up 3 percent over the same period in 2012. Operating income rose 10 percent to $1.6 billion (165.6 […]

February 2, 2014

Home

Komatsu and GE expand relationship into a new mining equipment and solutions company

Today, Komatsu and General Electric announced the creation of a new company with a focus of creating next generation mining equipment and solutions. Dubbed Komatsu GE Mining Systems, the new company will be owned jointly by Komatsu and GE with each company owning 50 percent. The company will be located at the GE Transportation facility […]

January 30, 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

LiuGong North America says 2013 was a record breaking year

Although it released no numbers, LiuGong North America says the fourth quarter of 2013 was record breaking, “making 2013 the most profitable year with four consecutive profitable quarters since North American operations began in 2008.” The company also says it has a record number of orders going into the first quarter of this year. LiuGong […]

January 30, 2014

Business

3 things contractors can do to keep valuable workers on staff during the skilled worker shortage

The skilled worker shortage has been looming over the construction industry, and the Associated General Contractors’ 2014 outlook shows that contractors are already having a problem finding skilled professionals and craft workers. With that in mind, it’s more important than ever to hang on to the valuable workers you already have. Do you have a […]

January 29, 2014

Business

Profits drop 33% in 2013, but Caterpillar’s better-than-expected 4Q provides momentum for ’14

Caterpillar released its fourth quarter and full-year financial results for 2013 this morning, with numbers that were better than expected by Wall Street analysts. The heavy equipment manufacturer’s profits were $1 billion in the fourth quarter, an increase of 44 percent from 4Q 2012. That increase is mostly due to the $580 million impairment charge […]

January 27, 2014

Construction Equipment

IronPlanet and Mascus partner for “seamless integration” between two auction websites

Iron Planet and Mascus have announced a partnership that will result in the “seamless integration” between the two equipment auction websites. In the 13 years since its launch, Iron Planet has registered more than 1 million users and sold more than $3 billion worth of used heavy equipment. The Netherlands-based Mascus sells construction equipment, trucks […]

January 22, 2014

Business

AGC 2014 construction forecast predicts improved hiring and pay with increased demand and equipment purchases

The Associated General Contractors of America released their 2014 construction industry forecast Tuesday, reporting the results of an in-depth survey that included 800 AGC members across the United States. The group’s analysis, Optimism Returns: The 2014 Construction Hiring and Business Outlook, found contractors are more optimistic about 2014 than they were about previous years. Noting […]

January 21, 2014

Business

PCA chief economist Sullivan continues optimistic forecast; 8% cement consumption growth in 2014

Echoing his forecast at last year’s event—where he passed out sunglasses —during the first morning of World of Concrete 2014 Ed Sullivan, PCA chief economist, said that the conditions going into 2014 shore up his prediction for a “probably conservative” 8 percent growth in cement consumption. Underlying factors supporting this forecast include steady and increasing job […]

January 20, 2014