Tag: heavy equipment distribution: Page 12

Construction Equipment

Terex posts 70% jump in 3Q profit

Terex Corporation reports that income from continuing operations soared 70 percent in the third quarter of 2017 to $56.6 million – up from $33.3 million for the same period a year ago. Terex posted earnings of 63 cents per share in the quarter, compared to 31 cents reported a year ago.   “Our third quarter […]

November 3, 2017

Dealers

Strong rentals, sales and record utilization boost H&E 3Q revenues 5.9%

At a glance: Third-quarter revenue results: New equipment sales increased 9.3 percent to $48.9 million, up from $44.8 million a year ago. Used equipment sales increased 7.9 percent to $22.3 million, compared to $20.6 million a year ago. Parts sales rose about 1.6 percent to $27.8 million from $27.3 million in third-quarter 2016. Service revenue remained the same – $16.1 million. Driven by strength in […]

October 27, 2017

Dealers

H&E opens Durham branch, relocates Tampa operation

H&E Equipment Services has opened a new branch in Durham, North Carolina, marking the company’s fifth location in the state and bringing the total number of branches across the country to 79. The new site features a 16,000-square-foot building located on two acres and includes a fenced yard area, offices, parts warehouse and an eight-bay […]

August 23, 2017

Dealers

General Equipment names Dahl VP of sales

Equipment manufacturer General Equipment has named Randy Dahl as its new vice president of sales with responsibility over the development and coordination of sales and marketing for national and independent accounts as wells as sales strategy development for dealers in North America. “We are thrilled to have Randy join our team,” says Dennis Von Ruden, […]

August 21, 2017

Dealers

Prinoth adds CG Equipment to NA dealer network

Tracked vehicle manufacturer Prinoth has added Ontario-based CG Equipment to its North American dealer network. CG Equipment, which has served southern Ontario since 1962, will carry the Panther line of vehicles through its locations in Zurich and Guelph, Ontario. Prinoth says adding CG Equipment is part of its strategy to expand its dealer network, which […]

August 18, 2017

Dealers

Talbert Manufacturing recognizes top 10 dealers of 2016

Talbert Manufacturing recently recognized its top 10 dealers for high performance in selling trailers, service and parts for 2016, with Hale Trailer Brake & Wheel of Voorhees, New Jersey, being named its top dealer for the ninth consecutive year. “Hale continues to lead our North American dealer network year after year. They’ve earned the reputation […]

August 17, 2017

Dealers

United Rentals to buy Neff Corporation for $1.32 billion

United Rentals has agreed to purchase Neff Corporation for $25 per share in cash, or $1.317 billion, and expects to close on the acquisition in the fourth quarter this year. The announcement follows the end of an agreement between Neff and H&E Equipment Services, which the former dissolved as a result of the more lucrative […]

August 17, 2017

Dealers

Neff, H&E walk away from acquisition following higher offer

Update: On Thursday, United Rentals announced that it would buy Neff in a $1.32 billion deal. H&E Equipment Service’s purchase of Neff Corporation announced in mid-July has ended, following the announcement of a more lucrative offer from another bidder. The new bidder has offered to purchase Neff for $25.00 per share, a substantial increase over the […]

August 16, 2017

Dealers

Wacker Neuson Q2 earnings soar 31% with growth in the Americas

Wacker Neuson reports second quarter 2017 revenue of 452.2 million euros ($501.5 million), an increase of 11 percent compared to the same period last year. Profit for the quarter reached 29.8 million euros ($35.15 million), growth of 31 percent compared to second quarter 2016. Earnings before interest and tax increased 41 percent to 36.7 million […]

August 15, 2017

Dealers

Largest Cat dealer Finning Q2 revenue jumps 21%

Second quarter revenue for the largest Caterpillar distributor Finning International jumped 21 percent to $1.58 billion, compared to the same period last year, driven by a 46-percent increase in new equipment sales on a consolidated basis. The company also cites product support revenue growth of 13 percent, indicating all operations reported higher parts demand. “Our […]

August 15, 2017

Dealers

Equipment Roundup: Komatsu WA200-8 loader; Navistar cuts medium duty engines; Nox Tiltrotator; Link-Belt 110RT crane; Manitou donates Gehl skid steers

Komatsu intros WA200-8 loader with quick coupler, lower fuel use Calling the new loader “versatile” and “useful in virtually any application,” Komatsu has introduced the WA200-8 with improvements to fuel efficiency and operator comfort. Powered by a 4.46 liter, 126-horsepower Komatsu SAA4D107E-3 Tier 4 Final engine, the WA200-8 can drop fuel consumption by up to […]

August 15, 2017

Dealers

Business Roundup: Strongco Q2 earnings; Stephenson to buy Walsh; Hyundai CE adds Newman Tractor; Franklin Equipment opens Louisville branch; Construction jobs report

Strongco Q2 revenues drop 6%, but earnings grow Ontario-based equipment dealer Strongco Corporation‘s second quarter 2017 revenues decreased roughly 6 percent compared to the same period last year, reaching $95.9 million. However, earnings before interest, tax, depreciation and amortization (EBITDA) increased dramatically compared to the second quarter of 2016, growing to $3.4 million compared to a […]

August 15, 2017