All Financial results Articles

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.

HSS Hire in the UK posted an 11% increase in like-for-like revenues to £41.9 million for the first quarter of 2010. The company, which reported 26% increase in EBITDA profits to £9.3 million, said the results were “strongly ahead of market performance”.

One of the largest US rental companies, Neff Rental, has entered Chapter 11 bankruptcy protection in the US. Neff, which continues to trade as normal, said the filing was prearranged and would allow it to restructure its debts.

H&E equipment saw total sales fall by 38.4% to US$114.7 million in the first quarter of 2010. Rental revenues were down 34.3% to $36.5 million compared to $55.5 million in the first quarter of 2009.

JLG Industries’ sales to external customers rose by 1.5% to US$252.9 million for the second quarter of the Oshkosh Corp fiscal year. These figures exclude $737.2 million worth of inter-company sales related to JLG’s production of military vehicles for its parent company.

First quarter sales at Terex AWP (aerial work platforms) fell 4.7%, to $215.7 million compared to the first quarter of 2009. Excluding the translation effect of foreign currency exchange rate changes, net sales decreased approximately 9%.

Haulotte Group's consolidated sales figures for the first quarter of 2010 show a 4% fall compared to the same period in 2009 (from €49.8 million to €47.8 million). Some areas of the business are showing improvement while others continue to struggle.

German truck-mount specialist Ruthmann has announced a €50 million turnover in 2009 - very similar to the company's 2008 results.

Lavendon Group said it did not expect further significant deterioration in its markets in 2010 although neither is it forecasting any material improvement. The company reported a £47.8 million pre-tax loss for the full year 2009 – including exception items of £58.2 million – on revenues that were 13% down at £226.9 million.

Terex Corp made a net loss of US$114.8 million in the fourth quarter of the year with its AWP and Construction divisions being the worst performers, making operating losses of $32.6 million and $89.6 million, respectively.

Haulotte Group reported revenues of €53.6 million in the fourth quarter of 2009, down 27.5% on the same quarter in 2008.

JLG Industries' sales of aerial platforms and telehandlers fell by 45.6% to US$200.4 million for the final quarter of 2009, although JLG benefited from an additional $527.6 million in revenues by producing M-ATV military vehicles for its parent company, Oshkosh Corp. Sales of new aerial platforms and telehandlers fell by 60%.

IronPlanet reports gross equipment sales of US$ 458 million in 2009, an increase of +34% over 2008.

Oshkosh Corp’s access division JLG Industries saw sales fall by 58.2% to US$310.5 million for the division’s fourth quarter to 30 September. The fall in access sales in the quarter is actually 70% when JLG’s military-related work for Oshkosh is stripped out.

RSC Equipment Rental said the seasonal upturn in rentals did not materialise in its third quarter to 30 September but that rental pricing and utilisation rates were stable from the second quarter.

Terex AWP sales fell by 66.5% to US$397.7 million for the third quarter of the year and the division made a net loss of $50.1 million. The company said its rental customers in North American and Europe continued to age and reduce their fleets and defer investment.

In its half year results report Tanfield Group revealed that the board is considering the de-merging of its two trading divisions to create separate companies focused on powered access and on zero emission vehicles.

Haulotte's total sales were 61% lower in the first half of 2009 than in the same period in 2008: equipment sales were down 69%, while rental and servicing each dropped by a more modest 11%.

Lavendon Group’s revenues fell by 16% on a constant currency basis to £114.0 million for the first six months of the year (7% down in Sterling). Operating profits before one-off costs were down 32% to £14.1 million, but exceptional charges of £43.2 million produced an operating loss of £31.2 million.

Sales in the Industrial Segment of Linamar, which includes Skyjack, decreased 64.4% in the second quarter of 2009. Sales were $97 million lower than in the same quarter in 2008.