Tag: construction equipment sales: Page 13

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

Dealers

Quick Data: Articulated truck sales for February 2016

February 15, 2016

Business

Volvo CE doubles operating income in 2015 despite sales decline

Despite a decrease in sales during 2015, Volvo Construction Equipment managed a huge improvement in operating income for the year thanks to market share gains and strong performance in North America and Europe. The company reported fourth quarter sales of SEK 11 billion ($1.3 billion), down 11 percent from the same period last year. Operating […]

February 9, 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

Dealers

Heavy equipment dealers: trade skills gap costs industry $2.4 billion a year

Construction equipment dealers are reporting significant shortages in getting skilled help, a lack that is directly impacting their bottom line, according to a survey released Wednesday by the Associated Equipment Distributors Foundation. More than 50 percent of survey respondents said the inability to find qualified workers is both hindering growth and increasing costs. AED says […]

January 21, 2016

Dealers

Quick Data: Double-drum compactor sales for January 2016

January 18, 2016

Business

Bonus depreciation, Section 179 tax breaks extended, sent to President Obama for signature

Not only did the bonus depreciation and Section 179 tax breaks come through as expected, current legislation Congress just sent to President Obama extended both measures. Here’s a recap: Under current legislation, the bonus depreciation is extended through 2019. This allows contractors to apply a 50 percent bonus depreciation to any equipment bought during a […]

December 18, 2015

Construction Equipment

Bonus depreciation, Section 179 poised for year-end boost?

If it’s mid-December, it must be time for Congress to extend the bonus depreciation just in time for late holiday equipment shopping. As in 2014, Congress appears poised to extend the bonus depreciation, giving contractors the chance to buy new equipment before Dec. 31st to take advantage of a 50 percent bonus depreciation. The caveat: […]

December 10, 2015

Dealers

Quick Data: Dozer sales for November 2015

November 17, 2015

Dealers

Finning, world’s largest Cat dealer, to cut 1,100 jobs due to weak equipment sales

In the face of slumping demand, Canadian Caterpillar dealer Finning International Inc. has announced it will make significant workforce reductions to cut costs. Finning will cut approximately 1,100 employees—8 percent of its workforce. The company says by the end of 2015 it will have reduced its workforce by 13 percent or 1,900 employees. Since mid-2013 […]

November 16, 2015