Tag: equipment manufacturers: Page 8

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

Caterpillar sees second quarter profits fall 43 percent, cuts outlook

Caterpillar reported $14.621 billion in sales and revenues for the second quarter of this year with $960 million in profit. Both numbers are down significantly from last year due to a slump in mining demand, as they were in the first quarter, and the heavy equipment manufacturer has again cut its outlook for sales and […]

July 25, 2013

Bobcat completes $6.5 million renovation of Bismark facility

Bobcat Company has completed a $6.5 million renovation at its Bismark, North Dakota, production facility. The updated facility has 350,000 square feet of floor space and an additional 36,000 square feet of office space, improving Bobcat’s attachment production process flow. Other factory operations include engine assembly, kitting and sub-assembly, parts control, warehousing and some compact […]

June 28, 2013

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CNH board to hold final vote on Fiat Industrial merger July 23rd

CNH announced today that its Board of Directors will hold the final vote concerning the pending merger with Fiat Industrial on July 23. Fiat Industrial, which owns 87 percent of CNH’s outstanding shares has committed to vote in favor of the merger. The news comes about three and half months after CNH’s Board of Directors […]

June 4, 2013

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

Volvo Construction Equipment first-quarter profits tumble 76%, sales down 32%

While the company was happy to see its profitability improve from the fourth quarter, Volvo Construction Equipment’s first-quarter operating income plummeted 76 percent from the same period a year ago. The company reports that it was hurt by declines in each market and a sharp decline in mining sector demand. Volvo reported first-quarter operating profits […]

April 26, 2013

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Caterpillar global dealer sales down 13 percent

According to recent SEC filing, Caterpillar reported that its global dealer sales dropped 13 percent in the three month period ending in February when compared to the same period last year. The Asia/Pacific region dealt much of the blow with sales there down 26 percent during that time period. Here in North America, the company’s […]

March 22, 2013

Forbes: China will drive long term growth at Caterpillar

Despite current challenges the company is meeting in the country, Forbes.com’s Great Speculations blog says China will drive Caterpillar’s long term growth. The blog points out the high interest rates in the first half of 2012 that impacted Cat. Then there are the recently-announced steps the Chinese government is taking—such as a 20 percent capital […]

March 18, 2013

Astec Industries taps Benjamin G. Brock to succeed father as CEO

Astec Industries announced that it will tap Benjamin G. Brock as the company’s next CEO and President. Brock is the son of Dr. J. Don Brock, the current CEO. J. Don Brock will continue to serve as the Executive Chairman of Astec’s board of directors. Meanwhile, Richard J. Dorris will become the company’s Chief Operating […]

March 12, 2013

Tablets, cloud services assist construction equipment manufacturers in field and on factory floor

In today’s highly automated world of manufacturing there is a new force entering the scene for construction equipment manufacturers—mobility. From tracking and monitoring production assets to insuring uptime, mobility has made its entrance via the iPad and is making sweeping changes in managing today’s complex manufacturing assets. Today we have technology that allows maintenance techs […]

March 8, 2013

Caterpillar will cut 1,400 jobs at Belgian excavator plant

Caterpillar is planning to cut more than one-third of the 3,700 employees at one of its largest European facilities, Reuters reports. The company will cut 1,400 jobs at its facility in Gosselies, Belgium due to high costs and the weakened European economy. The plant manufactures hydraulic excavators, loading vehicles and engine parts. In the past five […]

February 28, 2013

Growth slows in U.S. exports of construction equipment

After enjoying surges of 43 percent in 2011 and 28 percent in 2010, growth in U.S. exports of construction equipment slowed in 2012 to 13 percent, according to the Association of Equipment Manufacturers. Construction equipment exports grew to $26.7 billion in 2012. Despite the slowing in growth, things are much better now than they were […]

February 27, 2013

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