Tag: heavy equipment sales: Page 12

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

Caterpillar profit drops 41% in Q2 as oil, gas, mining continue to hurt sales

Reporting a second quarter that saw sales fall 16 percent, Caterpillar has again cut its outlook for 2016. Facing continued downturns in the oil, gas and mining industries coupled with sluggish economic conditions in developing countries, sales and revenues fell to $12.3 billion while operating profit dropped 41 percent to $785 million. Cat chairman and CEO […]

July 27, 2016

Dealers

Recession weary heavy equipment buyers flock to rental, RPOs to lower risk

“Our views haven’t changed drastically when it comes to buying new equipment,” says Al Gorick, president Gorick Construction, Binghamton, New York. “We have always tried to make purchasing decisions based on projected utilization, and when a good value presents itself.” Still others, such as G. W. Tatro Construction of Jeffersonville, Vermont, didn’t have much of […]

July 26, 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

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