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Tag: earnings reports
Construction Equipment
Donaldson Co. fiscal 2017 sales up 6.8%
Donaldson Company, which makes engine filters and parts, reports a sales increase of 6.8 percent for the 2016-2017 fiscal year, which ended July 31. Fourth-quarter sales for the fiscal year rose 11.2 percent to $660.1 million from $593.8 million last year. The company points to its engine and industrial products segments as driving the increase. […]
September 14, 2017
Dealers
Komatsu Q1 sales jump 44%, profit doubles in wake of Joy Global acquisition
The immediate impact of Komatsu’s acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global has been overwhelmingly positive as the Japanese equipment manufacturer has seen big sales and profit gains in the first quarter of the current fiscal year. According to the company’s FY 2018 Q1 earnings report, sales are up 44.2 percent to […]
August 11, 2017
Dealers
Volvo CE Q2 sales spike 36%, operating income up three-fold
Volvo Construction Equipment says its second quarter 2017 net sales grew by 36 percent compared to the same quarter last year, to 18.51 billion Swedish Krona (SEK) ($2.23 billion). For the first half of 2017, the company’s net sales total of 34.67 billion SEK ($417.3 million), an increase of 32.9 percent compared to the first […]
July 20, 2017
Construction Equipment
John Deere optimistic for remainder of 2017 despite 24% 1Q profit decline
Though profit and equipment sales for John Deere were down in the first quarter, chairman and chief executive officer Samuel Allen says there is reason for optimism in 2017. “…All of our businesses remained solidly profitable,” Allen said in a statement included in the company’s quarterly earnings report for the period ending January 29. “Deere’s […]
February 27, 2017
Business
John Deere sales continue to fall as profit is cut by 40% in 1Q
John Deere saw sales decline and a sharp cut in profit for the first quarter, and in response the company has adjusted downward its outlook for the full fiscal year. Deere reported 1Q sales of $5.5 billion, down 13 percent from the same period last year. Profit fell 40 percent to $254.4 million. The global farming […]
February 25, 2016
Business
Terex profit falls 24% in 3Q as sales slip across divisions
Citing a marketplace that “remains challenging,” Terex announced another down quarter for the year, with its Aerial Work Platforms division continuing to provide the majority of positive news for the company. Sales for the company fell 9.3 percent from third quarter 2014 to $1.6 billion while profit fell 24 percent to $44.8 million. “As mentioned last quarter, we are […]
October 27, 2015
Business
John Deere sees slight uptick in construction sales but profits fall 30% as ag slowdown continues
Construction and forestry equipment sales are the only bright spot for John Deere, albeit a dim one, as the heavy equipment manufacturer continues to see profit and sales declines due to the global slowdown in agricultural equipment demand. The manufacturer reported an 18-percent decline in sales during the second quarter to $8.171 billion. Profit fell […]
May 26, 2015
Business
Turnaround in construction equipment sales lone 3Q highlight as CNH Industrial profit plummets 113%
Following a second quarter where profit increased despite sales declines, CNH Industrial did not fare nearly as well in the third, as sales and revenues fell again and profit has plummeted year-over-year. CNH Industrial, makers of the Case Construction and New Holland equipment brands, saw profit fall 113 percent during the third quarter from the […]
October 31, 2014
Business
John Deere cuts outlook as low demand for farm equipment drops profit 14% in 3Q
Despite improving performance from its construction and forestry equipment division, John Deere reported a second-straight quarter of declines in profit and sales as the company continues to deal with a lower demand for farm equipment. Construction and forestry equipment sales shot up 19 percent to $1.75 billion with operating profit soaring 81 percent to $194 […]
August 13, 2014
Business
Cummins sales, profit and expectations rise in 2Q due to stronger demand in North America
Cummins has announced gains in both sales and profit during the second quarter. The company has raised its full-year forecast as a result. During the quarter, sales rose to $4.8 billion, up 7 percent over the same quarter in 2013. Cummins says the increase was due to stronger demand in North American on-highway markets and […]
August 5, 2014
Business
H&E Equipment Services rental revenues up 18%, equipment sales up 20% in 2Q
Integrated construction equipment distribution and rental firm H&E Equipment Services says its rental revenues increased 18 percent in its second quarter compared with the same time last year due to “strong physical utilization while continuing to expand the fleet” because of high demand. The average time utilization, based on original equipment cost, was up almost […]
August 1, 2014
Business
John Deere profit drops 10% in 2Q, sales and revenues fall 9%
Snapping a streak of 15 consecutive quarters with record earnings, John Deere announced Wednesday declines in both profit and revenues during the second quarter. As a result, the company revised its sales forecast for the rest of the fiscal year downward. The company announced profit of $980.7 million, or $2.65 per share, for the second […]
May 14, 2014
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