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Tag: finances
Business
Hiring an accounting firm can save your construction company money. Here’s how to find the right one
Since many construction companies start out as just one guy with a truck and a piece of equipment or two, sometimes obtaining professional help such as accountants doesn’t come into play until much later. Still, having the advice of a good CPA is crucial, says Denise Bendele, a partner with Texas-based Padgett Stratemann, a CPA […]
October 6, 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
Wacker Neuson achieves revenue, profit goals for 2013, expects to continue growth in 2014
Releasing 2013 financial results, German manufacturer Wacker Neuson says its group revenue rose 6 percent to just under $1.6 billion over the previous year, a result dampened somewhat by currency fluctuations. Cem Peksaglam, CEO, says the company was able to further expand its market position, particularly in the company’s Americas region, which experienced an increase […]
March 31, 2014
Business
Too much of a good thing? Three steps for managing your construction company’s growth
It’s the time of year when Equipment World editors start scouring Contractor of the Year nominations, looking for the best of the best. Some traits are easy to pick out as the signs of a contender: low turnover, good revenue growth, excellent equipment management, a sterling safety record. While others don’t quite jump out at you, […]
September 3, 2013
Business
CNH reports increased first-quarter profits and sales despite sharp decline in construction equipment
Equipment manufacturer CNH Global announced its first-quarter financial results this morning with the positive news of increases in both sales and operating profits. During the first three months of the year, CNH saw sales of $4.7 billion, an increase of 1 percent over the $4.64 billion the company reported last year at the same time. […]
April 30, 2013
Business
Terex sees increased operating profits despite first-quarter sales falling 5.3%
In the first quarter of the year Terex saw net sales drop 5.3 percent from the same period last year to $1.7 billion. Nonetheless, the company saw an increase in operating profits. After deducting operating costs, Terex profits were at $68.4 million the first quarter. That’s a 7 percent increase from the $63.8 million in […]
April 25, 2013
Business
Poll: Could you tell if you were being embezzled from?
Embezzlement is one of those worst case scenarios for any type of business owner. And given the heap of troubles the economy has given the construction industry lately, it’s likely one of the last things contractors are thinking about. But that doesn’t mean it should be. In May we’ll be publishing an article that explains […]
March 28, 2013
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