United States

Heavy Machinery & Vehicles

Page 1

Neftekamskiy Avtozavod announces change in shareholding structure

9:04am EDT

Neftekamskiy Avtozavod : Says Bank Julius Baer & Co Ltd divests its 8.3005 percent of stake in company .Says Sanrio Corporate Limited increases its stake in company to 11.9185 percent from 3.6180 percent.

FAS allows Kamaz to acquire shares in Tutayev Motor Plant

8:52am EDT

Federal Antimonopoly Service (FAS): Says allows Kamaz to acquire 32.48 pct shares in Tutayev Motor Plant .Following the deal Kamaz will own 50.65 pct on Tutayev Motor Plant.

Bajaj Steel Industries says June-quarter net loss widens

6:55am EDT

Bajaj Steel Industries Ltd : June-quarter net loss 55.3 million rupees versus loss of 39.7 million rupees last year . June-quarter net sales 397.3 million rupees versus 532.6 million rupees last year .

Alimak Q2 EBIT up at SEK 92 million

2:00am EDT

Alimak Group publ AB : Q2 EBIT 92 million Swedish crowns ($10.6 million) versus 54 million crowns year ago . Q2 revenue 525 million crowns versus 552 million crowns year ago .Expects profitability to remain on the same level as in Q2 during H2 2016.

Palfinger H1 revenue up at 665.6 mln euros

1:28am EDT

Palfinger AG : H1 revenue grew by 9.8 per cent to 665.6 million euros ($731.83 million) . H1 EBIT of Palfinger group showed an extraordinarily strong increase of 21.4 per cent from 53.5 million euros to 64.9 million euros . Consolidated net result for first half of 2016 was 39.7 million euros, 15.2 per cent higher than previous year's figure of 34.5 million euros . Still sees potential to increase annual revenue generated by group, including joint venture companies in China and russia, to approx. 1.8 billion euros by 2017 .For 2016 management expects organic revenue growth, and an increase in earnings when adjusted for integration and reorganization expenses.

Bucher Industries H1 EBIT down at CHF 107.4 mln

12:48am EDT

Bucher Industries AG : H1 net sales 1.25 billion Swiss francs ($1.26 billion)versus 1.34 billion Swiss francs year ago . H1 EBIT 107.4 million Swiss francs versus 117.8 million Swiss francs year ago . H1 profit for the period 73.0 million Swiss francs versus 79.5 million Swiss francs year ago .For 2016 as a whole, the group is expecting to maintain sales almost at the previous year’s level and anticipates a slight decrease in operating profit and profit for the year.

Wabash National Q2 earnings per share $0.53

Tuesday, 26 Jul 2016 04:30pm EDT

Wabash National Corp : FY 2016 earnings per share view $1.72 -- Thomson Reuters I/B/E/S . Announces second quarter 2016 results; delivers best ever operating performance in company history and increases full-year outlook . Q2 earnings per share $0.53 . Q2 earnings per share view $0.47 -- Thomson Reuters I/B/E/S . Sees FY adjusted non-gaap earnings per share $1.80 to $1.90 . Sees FY earnings per share $1.78 to $1.88 . Q2 non-gaap earnings per share $0.55 .Q2 sales $471 million versus I/B/E/S view $490.2 million.

CNH Industrial sees farming machinery market flat next yr

Tuesday, 26 Jul 2016 10:23am EDT

CNH Industrial CEO Richard Tobin says: Sees farming machinery market flat next year . Does not see recent strong performance in agriculture machinery unit continuing in Q3 given scheduled shutdown . Q4 performance of farming machinery unit will depend on expectations for market in 2017; could ramp up output if needed . The UK commercial vehicles market is showing some sign of weakness, too early to comment about 2017 CNH industrial exec adds 2016 capex is unlikely to be above previous year's level Further company coverage: [CNHI.MI] [CNHI.MI] (Reporting by Milan newsroom).

Paccar Q2 adjusted non-gaap EPS $1.06

Tuesday, 26 Jul 2016 08:00am EDT

Paccar Inc : Paccar Inc qtrly earnings per share $1.37 . Q2 sales $4.41 billion versus I/B/E/S view $4.18 billion .Class 8 truck industry retail sales for u.s. And canada in 2016 are expected to be in a range of 220,000-240,000 vehicles.


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