All Financial results Articles

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.

Ashtead Group said it is benefiting from "a structural shift to rental" in North America and is seeing improvements in utilisation rates and pricing.

Vp plc, the UK equipment rental specialist, grew its revenues by 5% to £141.0 million for the year to 31 March 2011, with profits before tax, exceptional items and amortisation falling by 14% to £13.8 million.

Despite making a pre-tax loss of £27.0 million for the year to 31 March Speedy Hire said its performance had improved in the second half and that it reached “broadly break-even” point at the end of the year.

Good weather conditions in Europe and the US helped Wacker Neuson post its best quarterly results for two years. First quarter revenues were up year-on-year by 40.9% to €211.8 million and net profits rose to €9.0 million compared to a €5.7 million loss in the first quarter of 2010.

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.

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.

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.

Aggreko is to invest a record high of £320 million in its fleet in 2011 following another year of revenue and profit growth. Sales for 2010 grew by 20.1% to £1.23 billion and trading profit by 23.3% to £314.5 million.

Rental prices show signs of increase at Ashtead Group's US and UK rental businesses, helping increase group revenues by 15% in Q3

Lavendon Group said it will focus its activities on markets where it can have market leading positions and will downscale its activities where the economic outlook is less attractive.

Australia’s largest rental company Coates Hire saw its profits for the six months to 31 December increase sixfold to A$24.7 million, with the business seeing a recovery in activity and margins.

A 25% rise in key accounts business helped HSS Hire grow its 2010 revenues by 15% to £171.0 million. The final quarter of the year was its best with EBITDA profits up by almost 50% on revenues that were 19% higher year on year at £37.4 million.