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Tag: equipment dealer: Page 93
Dealers
John Deere Q2 profit spikes 62%, sales and revenue up 5%
Deere & Companyās net income grew 62 percent in the second quarter of its fiscal year 2017, which ended April 30. Net income rose to $820.4 million compared to the $495.4 million in the same period last year. Net income for the first six months of the year reached $996.2 million, compared to $749.8 million [ā¦]
May 25, 2017
Dealers
Cleared for IronPlanet purchase, Ritchie Bros. CEO talks people, Cat alliance, impact
The U.S. Department of Justiceās Antitrust Division has cleared Ritchie Bros.āĀ proposed purchase of IronPlanet announced last August. The estimated $758.5 million purchase sets the stage for potential combined online sales of $3 billion annually. The acquisition could close āin the next few weeksā with a new organization structure announced following. Ritchie Bros. CEO Ravi Saligram [ā¦]
May 23, 2017
Dealers
Equipment Roundup: Volvo EX2 electric compact excavator; Ford intros 2018 F-650/750; Pro-Handler extendable wheelbase skid steer; New 12kW Cat portable generator
Volvo unveils the EX2: First fully electric compact excavator prototype is faster, quieter Volvo Construction Equipment has unveiled what the company believes to be the first fully electric compact excavator prototype. Eight months afterĀ unveilingĀ theĀ LX1 hybrid electric loaderĀ and the HX1 load carrier prototypes as part of the companyās vision for the autonomous and electrified quarries of [ā¦]
May 23, 2017
Dealers
Business Roundup: Strongco Q1 revenues down; Parrot thermal imaging drone; Kubota Engine opens tech training center; Rental revenue targets $49.4B for 2017; U.S. home starts fall
Strongco Q1 revenues drop 8.8%, earnings sink 18.9% Equipment dealer Strongco Corporationās first quarter 2017 revenues fell to $83.2 million according to its most recent financial report, representing an 8.8 percent decrease compared to the same period the year before. Earnings before interest, tax, depreciation and amortization (EBITDA) dropped to $4.3 million, a decrease of [ā¦]
May 23, 2017
Dealers
Takeuchi adds Kirby-Smith Machinery to dealer network for Oklahoma, Texas
Takeuchi-US has added Kirby-Smith Machinery, headquartered in Oklahoma City, to its dealer network to provide coverage in Oklahoma and Texas. The companyās products will be available at six of the dealerās 10 locations, including Oklahoma City and Tulsa in Oklahoma, and Lubbock, Odessa, Amarillo and Abilene in Texas. āTakeuchi has a great product line and [ā¦]
May 19, 2017
Dealers
Kobelco adds Rudder to dealer network sales team
Kobelco Construction Machinery USA has named Cole Rudder as its southeast district business manager with responsibility for providing support to dealers in the southeastern U.S. The company reports Rudder will train dealer staff on Kobelco products and provide marketing support for its excavators. In addition, he will help develop and execute annual business plans, inventory [ā¦]
May 18, 2017
Dealers
Finning International Q1 2017 revenue down, but earnings up dramatically
Finning International, the Vancouver-based parent company of Finning Cat, the worldās largest Caterpillar dealer, reports a 6 percent decrease in revenue for the first quarter of 2017, but a 37 percent increase in earnings before interest, tax, depreciation and amortization (EBITDA) compared to the same period in 2016. Net income fared even better, with a [ā¦]
May 17, 2017
Dealers
Dealers should try disruptive marketing to shake up the status quo
Everyone knows the old saying: You have to spend money to make money. The truth of that is obvious, but when times are lean, itās hard to maintain a heavy marketing budget. Furthermore, marketing has changed dramatically as social media and other digital platforms have revolutionized so many aspects of commerce, especially on a [ā¦]
May 16, 2017
Dealers
Equipment Roundup: John Deere 950K gets PAT blade; Vacuworx revamps AMC 4, AMC 6; Case limited red CTLs and skid steers; Western Star XD-25
John Deere gives 950K a finer touch with āexclusiveā PAT blade on the production dozer In what it calls an industry exclusive, John Deere has put a six-way Power Angle Tilt blade on its production class 950K dozer. ConExpo attendees got a preview of the 950K/PAT combo, which is expected to be available this fall. [ā¦]
May 16, 2017
Dealers
Business Roundup: RDO partners with iVolve; Caterpillar buys Yard Club; Holt Cat donates to workforce development; Cashman Equipment gets Cat 5-Star
RDO Equipment partners with iVolve on mining equipment fleet management RDO EquipmentĀ has joined theĀ iVolveĀ partner program as a national distributor for the U.S mining market providing the latterās fleet management systems for mining equipment customers. āiVolve is excited to work with RDO Equipment Co., extending their current product offerings to include full fleet management,ā says iVolve [ā¦]
May 16, 2017
Dealers
Strongco Q1 revenues drop 8.8%, earnings sink 18.9%
Equipment dealer Strongco Corporationās first quarter 2017 revenues fell to $83.2 million according to its most recent financial report, representing an 8.8 percent decrease compared to the same period the year before. Earnings before interest, tax, depreciation and amortization (EBITDA) dropped to $4.3 million, a decrease of 18.9 percent compared to 2016ās $5.3 million. Despite [ā¦]
May 12, 2017
Dealers
ARA forecasts equipment rental revenue at $49.4 billion for 2017
The American Rental Association (ARA) expects U.S. equipment rental revenue in 2017 to grow 4.5 percent, reaching $49.4 billion, according to its latest five-year forecast. This is $500 million more than its previous forecast issued in January. The forecasted figure combines revenue for construction and industrial, general tool and light construction, as well as party [ā¦]
May 10, 2017
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