All Financial results Articles

United Rentals finished 2011 with another strong quarter, reporting total revenues up 25% to US$746 million and net profits of $29 million, reversing the $17 million loss in the same quarter of 2010.

Total revenues rise +41% year-on-year on acquisitions and increased equipment demand from international markets

APR Energy (APR) has announced a 165% growth in top line revenues for the last quarter of 2011.

Lavendon Group said a combination of volume and price increases in the UK and continental Europe had driven its 8% revenue growth for the year to 31 December, with France and Belgium in particular benefitting from extra fleet redeployed from its closed Spanish operation.

One of North America's largest independent rental companies, Las Vegas-based Ahern Rentals, has filed for Chapter 11 bankruptcy in order to restructure around $500 million in debt.

Ashtead Group’s operating profits jumped by 83% to £63.4 million for the three months to 31 October driven by an almost doubling of profits at Sunbelt Rentals in the US.

Robust full-year growth from construction and forestry division leads to strong 2012 forecast

International rental company, the Lavendon Group plc, announced year-on-year growth of 8% for the nine month period to the 30 September compared to 2010 - growth in the third quarter was 7% compared to last year.

In an interim report for the six month ending 30 September 2011 Speedy Hire reported a return to profit of £4.8 million compared to a loss £9.9 million for the same period in 2010.

HSS Hire maintained its growth in the third quarter of the year although profits were impacted by the company’s investment in its new logistics and operational platform.

Brazilian powered access, formwork and scaffolding company Mills Estruturas e Serviços de Engenharia (Mills) said the demand for equipment had increased in the third quarter as construction activity recovered in the country.

Third quarter sales grew by over 20% in all of its territories with the exception of Central Europe

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.