All Financial results Articles

Cramo’s third quarter revenues grew by 13% to €130.3 million compared to the same quarter in 2009 and operating profits increased by 70% to €13.3 million. Sales grew year on year in all its territories except Denmark.

JLG Industries reported a 57.8% increase in sales to US$385.8 million for the three months to 30 September, year on year, with sales in both North America and Latin America more than doubling from the “depressed” levels of the previous year.

Manitou’s results continue to improve – with revenues up 43% to €208 million for the third quarter of 2010 – but the company said it was now facing a growing backlog for telehandlers partly because of production problems in meeting the new European EN15000 standard on load limiters.

RSC Equipment Rental reported a 5.7% increase in revenues to US$334 million for the third quarter of 2010, with rental revenues up 7.3% to $292 million. RSC made a net loss of $6 million in the period, the same as in the equivalent quarter of 2009.

Terex Corp’s AWP division reported a 41.2% increase in sales to US$280.9 million for the third quarter of 2010 and the division made an operating profit of $14.3 million, reversing the $49.5 million loss made in the same quarter a year ago.

United Rentals reported a 2% increase in revenues to US$605 million for the three months to 30 September, with rental revenues increasing by 6% to $507 million. The company made a net profit of $23 million compared to break-even in the same quarter in 2009.

Haulotte said a 73% jump in sales to Latin America helped its third quarter revenues increase by 30% to €63.2 million. Sales for the year to date were up 20% at €177.6 million, with new equipment sales up 25% to €131.3.

Manitou’s revenues grew by 8.3% in the first half of the year to €387.1 million, with a 42% “rebound” in sales of skid steer loaders at its Gehl business in the US leading the figures.

Haulotte said a “slight recovery” in the powered access market in the first half of 2010 helped it increase sales by 15% to €114.4 million. It warned, however, that “the world market is not expected to significantly recover over the entire year 2010”.

The Lavendon Group reported a reduction in turnover for the first half of 2010 of 7.5% compared to 2009, but the company said it sees an improving trend in trading in a number of its markets.

Despite initial signs of stability in the powered access end markets, Tanfield's powered access business reported half year results for 2010 down 12.7% on 2009 (from £21.2 m turnover in 2009 to £18.5 m in 2010). While Tanfield's other major business division, electric vehicles, has experienced a return to growth.

Spanish rental company GAM’s revenues for the first half of 2010 were 13.75% down year on year at €123.3 million, although the continued falls in its domestic sales were offset by a 60% increase in its international activities, which now represent 16% of total sales (excluding Portugal). Net losses for the period were €18.1 million.

Federal Signal, the parent company of Bronto Skylift has reported a 23% increase in orders across the company in the second quarter but the improvement does not extend to the Bronto business.

Oshkosh's fiscal 2010 third quarter net sales reach US$ 2.44 billion and net income of US$ 211.2 million. This compares with net sales of US$ 1.22 billion and a loss of US$ 26.6 million in the same period last year.

RSC Equipment Rental reported total revenues down 8% to US$301 million year on year for the three months to 30 June, with rental revenues falling by just 4% to $260 million. RSC made a net loss of $22 million in the quarter.

Sales at Terex’s AWP division, primarily Genie branded aerial platforms and telehandlers, increased by 11.7% to US$232.4 million compared to the second quarter of 2009.

United Rentals reported a net profit of US$12 million for the second quarter of 2010 on total revenues of $557 million, down 10%.

Manitou's second quarter revenues increased by 36% to €225 million compared to the same period last year, with compact equipment sales (including Gehl in the US) doubling to €32.9 million and rough terrain handler sales up 24% to €157.7 million.

Lavendon Group’s revenues declined by 10% in the five months to 31 May, excluding used equipment sales, said the company in an interim trading statement.

Ashtead said the quarter to 30 April showed early signs of market improvement, particularly in the US, although the outlook in the UK is less positive because of uncertainty over public sector spending cuts.