Tag: equipment sales: Page 12

Dealers

Caterpillar dealer inventories down from 2015 with more “substantial” reductions coming

Aside from lower oil prices and sagging demand for mining equipment around the globe, sales of Caterpillar heavy equipment have also been negatively impacted by lower dealer inventories. In a statement on dealer inventories accompanying its third quarter earnings—which included reduced expectations for fiscal year 2016 sales—the company says dealer inventories in the third quarter of […]

October 27, 2016

Dealers

Sales down, profit up at Terex following 2Q sales of construction, MHPS segments

Along with a report of a 10-percent decrease in net sales for the second quarter, Terex released its 2016 outlook, updated based on its new, more streamlined corporate structure following the sale of two of the company’s equipment segments. Terex announced net sales of $1.3 billion for Q2 and a 44-percent increase in profit to $110 million. […]

August 4, 2016

Dealers

CNH Industrial profit up in 2Q despite sales dip

Despite a 3-percent decline in net sales for the second quarter, CNH Industrial saw profit increase 5 percent largely due to strong performance in the company’s agricultural, commercial vehicle and powertrain segments. CNH, makers of Case and New Holland heavy equipment, reported total revenues of $6.7 billion and a net profit of $129 million. “Our […]

August 2, 2016

Dealers

Volvo CE names Roy president of sales for Americas region

Volvo Construction Equipment has named former Mack Trucks president Stephen Roy its next president of sales for North America and Latin America. Roy, who has been with the Volvo Group since 2007, will take on the new position September 1. He will be based in Shippensburg, Pennsylvania, and report to senior sales vice president Tomas […]

July 29, 2016

Dealers

Despite market share gains, Volvo CE profit falls 40% in 2Q

Though weaker machine sales in China and Brazil were partially offset by higher sales in Europe, Volvo Construction Equipment saw overall sales fall during the second quarter. The company reported a 12-percent net sales decline to $1.6 billion (SEK 13.6 billion), while profit fell 40 percent to $93.8 million (SEK 810 million). The company notes that […]

July 28, 2016

Roadbuilding

Astec Industries attributes recent sales and earnings boost to FAST Act

Asphalt plant manufacturer and Roadtec parent company Astec Industries has reported net sales of $294.4 million for the second quarter this year, a 9.9 percent increase compared to the same time period last year. Earnings increased 35.2 percent from $11.8 million in 2Q 2015 to $18.2 million this year. Domestic sales increased 24.5 percent to $243.3 […]

July 28, 2016

Dealers

INFOGRAPHIC: Dozer sales and buyer trends

July 21, 2016

Dealers

INFOGRAPHIC: Excavator sales and buyer trends

July 4, 2016

Construction Equipment

Caterpillar profit falls 71% in 1Q as energy demand, competitive pressure in construction knock sales

Though things aren’t looking any brighter for Caterpillar on the financial front, chairman and CEO Doug Oberhelman says he is pleased with the effects of an ongoing cost reduction plan. The company today reported first quarter sales and revenues of $9.5 billion, down 26 percent from the first quarter of 2015. Operating profit plummeted 71 percent […]

April 22, 2016

Business

POLL: Do you take advantage of Bonus Depreciation for equipment purchases?

With bonus depreciation extended through 2019, we were wondering just how many readers have or planned to take advantage of this legislation for equipment purchases. The current bill allows the full 50 percent for property placed in service during 2015, 2016 and 2017, then phases down to 40 percent in 2018 and 30 percent in […]

March 10, 2016

Business

CNH Industrial sales drop 20% in 2015 as profit is cut in half

An expanding European truck market was the lone bright spot in CNH Industrial’s full-year earnings report for 2015 as sales across each of the company’s segments fell. The company, manufacturer of the Case and New Holland brands of have equipment, reported fourth quarter sales of $7.1 billion, down 15 percent from the previous year. However, profit […]

February 3, 2016

Business

Caterpillar profit fell 43% in 2015; 4Q loss comes as construction, mining sales weaker than expected

Despite slashing its sales outlook in tandem with an October announcement of a sweeping cost reduction plan, Caterpillar’s full-year sales still fell below that most recent forecast after sales fell $3 billion year over year in the fourth quarter. The company reported 4Q sales and revenues of $11 billion, down 23 percent from the same quarter in 2014. Cat […]

January 28, 2016