All Financial results Articles

Terex AWP’s second quarter sales more than doubled to US$484.1 million, with North America and Brazil showing strong growth and western Europe strengthening. The division made operating profits of $28.2 million compared to a $2.3 million loss in the same quarter in 2010.

United Rentals more than doubled its second quarter net profits to US$27 million on revenues up 13% to $629 million, with a record time utilisation of 69% for a second quarter. The company said the figures defied a flat construction sector.

Manitou reported continuing growth in sales in all its markets in the second quarter although the rate of increase in order intake has decreased because of renewed uncertainties about the world economy.

Tanfield Group, owner of Snorkel, said revenues for the first half of 2011 were up 24% to €24.4 million, and that the company was moving “towards break-even”.

The Ashtead Group which comprises A-Plant operating in the UK and Sunbelt in North America has announced a 11% growth (to £948.5 million) in turnover and a 41% growth in profit for its financial year ending 30 April 2011.

The equipment rental division of Brazilian rental and scaffolding company Mills Estruturas e Serviços de Engenharia (Mills) reported a 96.5% increase in first quarter revenues to R$33.7 million (€ million) compared to the same quarter in 2010.

Ramirent reported a 20.5% increase in sales to €134.4 million for the first quarter of 2011. Profits before interest and tax were €2.7 million, compared to a loss of €5.6 million in the same quarter in 2011.

HSS Hire’s revenues in the first quarter of 2011 grew by 12% to £46.9 million with EBITDA profits up 21% to £11.2 million. HSS said its results were “strongly ahead of market performance”.

Cramo's sales grew by 42.2% to €144.2 million in the first quarter of the year, including a €10.6 million contribution from the newly acquired Theisen business in Germany, which was added to the results from 1 February. Strip out Theisen and the growth was 32%.

JLG Industries sales grew by 72.7% to US$471.2 million for the three months to 31 March – JLG’s second quarter – and the business returned to profitability. The company’s backlog at the end of the quarter almost tripled to $596 million compared to a year ago. Operating profits were $17.7 million for the quarter.

Terex AWP's (Aerial Work Platforms) net sales for the first quarter of 2011 increased $161.1 million, (74.7%), to $376.8 million compared to the first quarter of 2010 and backlog has risen a massive 123%.

Refinancing charges of US$49 million in the first quarter of 2011 saw RSC Equipment Rental post a net loss of $50 million for the period, compared to a loss of $38 million in the same quarter in 2010.

Powered access rental company, Lavendon Group plc reported that its preliminary results indicate rental income up 11% for the first quarter of 2011 compared to the same period of 2010. This figure excludes used equipment sales.

Lavendon’s revenues have grown by 11% in the period from 1 January this year to 20 April, with France and Belgium both seeing more than 20% growth, followed by Germany with a 17% increase.

Ireland based scaffolding system manufacturer Instant UpRight has reported that first quarter sales in 2011 are 47% higher than the same period in 2010. Managing director John Nevin said, "We continue to see strong demand into Q2 and have positive news in dealer development and growth in our boiler, aviation and Industrial markets."

Preliminary 2010 end of year results for the Tanfield Group, owner of Snorkel, show a very slight improvement over 2009, but nothing remarkable. Turnover increased from £43.1 million in 2009 to £43.5 million in 2010 (less than 1%) and operating loss before impairments decreased from £16 million in 2009 to £15.8 million in 2010. However, turnover in the powered access division fell marginally from £41.7 million in 2009 to £41 million in 2010.

The Fire Rescue division of Federal Signal, which includes Bronto Skylift reported a small increase in orders in the forth quarter of 2010 compared to 2009.

Haulotte has reported a sales increase of 23.8% in 2010 over 2009 but says that earnings were still impacted by low levels of market activity.

Ruthmann has reported record order receipt for the first two months of 2011, a phenomenon it attributes to a successful Bauma 2010 and the new TB 270 and TBR 200 models.

Loxam has confirmed that its revenues in 2010 were €702.5 million, up less than 1% from 2009, with net profits bouncing back to €27.3 million from an almost break-even point in 2009.