All Financial results Articles

Oshkosh, the parent company of JLG reported a 91% rise in orders in the company's fourth quarter (ending 30 September 2011). Sales increased 60.7% to $619.6 million in the final quarter compared to 2010 and profit increased 376.7% to $34.8 million (5.2% of sales)

In its third quarter financial report Manitou shows it is still enjoying significant growth and orders remain high although the company still thinks 2012 could be unpredictable despite anticipating a 10 to 15% revenue growth.

Cramo said it will grow its business “significantly” this year and double its EBITA profits in a upgrading of its guidance for the year. It had previously said sales would grow and that profitability would improve.

APR Energy (APR) has entered into a partnership with Pratt & Whitney Power Systems (PWPS) that will give APR exclusive access to Pratt & Whitney’s 25 MW mobile gas turbines for rental applications.

Terex’s aerial work platform division posted a 58.9% increase in sales to US$448.7 million for the third quarter of 2011, driven by replacement sales to large North American rental companies and “steady” increases in sales to customers in Europe and the Middle East. Operating profits almost doubled to $27 million.

RSC Equipment Rental said it was building "very strong" business momentum with customers reacting to the lack of finance and moderate economic growth by outsourcing more of their equipment needs to rental companies.

Haulotte third quarter financial results show continued growth but the company is wary about the market conditions in 2012.

United Rentals reported a 178.8% rise in revenues to US$713 million for the third quarter of 2011, with net profits almost tripling to $65 million.

Speedy is undertaking a strategic review of its new advisory services division following disappointing results for the six months to 30 September, said Speedy in its interim statement for the period.

Andrews Sykes continues to expand its mainland European operations. The climate control rental specialist opened its first location in Italy over the summer and has also recently opened its fourth location in the Netherlands.

Positive first half results boosted by rebound in compact equipment division

Ashtead's first quarter results (three months ending July 31) show pretax profits up 211% (£34 million) over the same period in 2010. Higher than the whole year's profit to April 30 2011 (£31 million). Turnover has increased 12% to £268.6 million with Sunbelt's revenue up 20% and A-Plant's up 12%.

Aggreko said both its international power projects and local business divisions delivered good growth in the first half of the year, with revenues up 21% after excluding the impact of one-off major events in the same period in 2010.

Levendon Group has started a 12-18 month restructuring plan for its German business to improve returns, and will boost its Belgian and French fleets by transferring platforms from its Spanish operation, which is being closed.

Growth in Sweden and central and eastern Europe help boost Ramirent’s second quarter revenues by 16.1% to €149.5 million. EBITDA profits increased by 32.1% to €40.6 million but Ramirent said prices remained unsatisfactory. Net profits more than doubled to just over €9 million.

Wacker Neuson reported that its rental business in Germany and eastern Europe saw a 11.6% increase in revenues to €28.9 million for the first half of 2011.

HSS Hire Service Group a UK supplier of tool and equipment and outsourcing services, has increased its second quarter revenue by 6.5% (to £42.6 million) compared to 2010. This contributes to a half year's revenue increase of 9.2% - £89.5million. Profitability (EBITDA) is up 10.4% to £19.5m for the first half year although in Q2 this was flat over 2010.

Cramo has announced second quarter sales up 41.4% with profitability up in all business segments except Norway. Sales increased from €114 million in Q2 20010 to €161.1 million in 2011 and half year results were up 41.8% to €305.4 million - 27% of which was organic growth.

Spanish manufacturer AUSA said sales in the first half of the year increased by 35.2% compared to the same period in 2010 with exports increasing by 58%. Exports represented 72.8% of its business in the period.

RSC Equipment Rental said its industrial and non-construction markets continued to improve in the second quarter of 2011, while non-residential construction fell slightly.