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Tag: Strongco
Dealers
Strongco 3Q results: āsolid performance despite softer marketsā
Canadian dealer Strongco reported it saw revenues of $98 million Canadian during 3Q, down $1 million from its 2018 3Q results of $99 million. Gross profit, however, rose from $18 million in 2018 to $19 million for the quarter. The company said the revenue decrease was impacted by lower sales of construction equipment and cranes [ā¦]
November 6, 2019
Dealers
Articulated truck sales prompt 1Q revenue gains for Volvo dealer Strongco
Canadian dealer Strongco reported its 2019 1Q revenues were $92.1 million compared with $89 million for the same time period in 2018. Robert Beutel, executive chairman, said improved revenues were ādue mainly to stronger sales of articulated trucks in Alberta in spite of a softer market, which was estimated to be down more than 20 [ā¦]
May 13, 2019
Dealers
Disher is the new regional VP for Strongco Case in Canada
Strongco has promoted Kevin Disher to regional vice president for CASE in Canada. Learn more about his experience in the equipment industry on Equipment World.
January 14, 2019
Dealers
Business Roundup: Vermeer Strong After Tornado; Komatsu 1Q sales up 15%; Strongco names Nachevski VP, COO; ALT Sales joins Manitex network; Volvo sales jump 32% in 2Q
Check out the latest heavy equipment industry news on Volvo Construction Equipment, Strongco, Komatsu and others. Get updated today on Equipment World!
July 31, 2018
Dealers
Strongco names Nachevski VP, COO
Strongco announces it has officially named Oliver Nachevski vice president and chief operating officer. Get more details on the appointment on Equipment World.
July 30, 2018
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 dealerĀ Strongco Corporationās 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 [ā¦]
August 15, 2017
Dealers
Strongco Q2 revenues drop 6%, but earnings grow
Ontario-based equipment dealer Strongco Corporationās 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 loss of $2.4 million last year. āSlow [ā¦]
August 8, 2017
Dealers
Business Roundup: Strongco Q1 revenues down; Parrot thermal imaging drone; Kubota Engine opens tech training center; Rental revenue targets $49.4B for 2017; U.S. home starts fall
Strongco Q1 revenues drop 8.8%, earnings sink 18.9% Equipment dealer Strongco Corporationās first quarter 2017 revenues fell to $83.2 million according to its most recent financial report, representing an 8.8 percent decrease compared to the same period the year before. Earnings before interest, tax, depreciation and amortization (EBITDA) dropped to $4.3 million, a decrease of [ā¦]
May 23, 2017
Dealers
Strongco Q1 revenues drop 8.8%, earnings sink 18.9%
Equipment dealer Strongco Corporationās first quarter 2017 revenues fell to $83.2 million according to its most recent financial report, representing an 8.8 percent decrease compared to the same period the year before. Earnings before interest, tax, depreciation and amortization (EBITDA) dropped to $4.3 million, a decrease of 18.9 percent compared to 2016ās $5.3 million. Despite [ā¦]
May 12, 2017
Dealers
Strongcoās 2016 revenues drop 6%, earnings plummet 64%
Ontario-based equipment dealer Strongco Corporation has reported a 6.2-percent drop in revenues for 2016, along with a dramatic decrease in earnings before interest, tax, depreciation and amortization (EBITDA) of 64.2 percent, as it works to āstreamline and stabilizeā its business. Revenues for 2016 reached $361.3 million, compared to $385 million the previous year. EBITDA dropped [ā¦]
April 4, 2017
Dealers
Strongco completes sale of U.S.-based equipment dealer Chadwick-BaRoss
Strongco Corportation has completed the sale of 100 percent of the shares of U.S. subsidiary Chadwick-BaRoss Inc. for $12.4 million to Chadwick-BaRoss Canada Inc., a subsidiary of ISH Capital. Announced in early August, Mississauga, Ontario-based Strongco said the sale was due to āchallenging economic conditions.ā The company says the sale will be used to fund [ā¦]
October 5, 2016
Dealers
Canadian heavy equipment dealer Strongco to sell U.S.-based Chadwick-BaRoss
Strongco, the Mississauga, Ontario-based distributor of Case CE, Manitowoc, Grove, Volvo CE and many other equipment brands, has announced plans to sell 100 percent of itsĀ shares of U.S. subsidiary Chadwick-BaRoss to ISH Capital for $12.75 million on or about Sept. 9. Strongco, which has locations across Canada and operates several Chadwick-BaRoss locations in the northeast [ā¦]
August 10, 2016
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