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Heavy Machinery & Vehicles

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Anshan Senyuan Road & Bridge sees Q1 FY 2017 net profit down 0 to 10 pct

Friday, 31 Mar 2017 12:08am EDT

Anshan Senyuan Road & Bridge Co Ltd <300210.SZ> : Sees Q1 FY 2017 net profit to decrease by 0 to 10 percent, or to be 20.5 million yuan to 22.8 million yuan . Says Q1 FY 2016 net profit was 22.8 million yuan .The reasons for the forecast are increased business income taxes and increased loan interest expense.

Meritor's Swedish unit entered into a receivables purchase agreement dated

Friday, 24 Mar 2017 08:34am EDT

Meritor Inc : On march 22, Co's Swedish unit entered into a receivables purchase agreement dated as of March 22 . Meritor-Under new receivables purchase agreement, seller is able to sell to nordea up to 155 million euro of eligible receivables outstanding at any time . Agreement with an affiliate of Nordea Bank AB as purchaser .New receivables purchase agreement is for three-year term, & expires on March 22, 2020.

Hyster-Yale Materials Handling Q4 earnings per share $0.74

Tuesday, 28 Feb 2017 05:17pm EST

Hyster-yale Materials Handling Inc : Hyster-Yale Materials Handling, Inc. Announces fourth quarter and full year 2016 results . Q4 earnings per share $0.74 . Q4 revenue $690.6 million versus I/B/E/S view $698.8 million . Hyster-Yale Materials Handling Inc - Q4 2016 lift truck shipments increased 3% . Hyster-Yale Materials Handling Inc says Q4 2016 bookings were approximately 21,900 units compared with approximately 22,000 units for Q4 of 2015 . Hyster-Yale Materials Handling-units and parts revenues are expected to increase in 2017, with greater revenue growth anticipated in first half of year . Hyster-Yale Materials Handling - worldwide backlog for lift truck business was about 29,600 units at Dec 31, 2016 versus about 26,900 units . Hyster-Yale Materials Handling Inc - "commodity costs declined throughout 2016, but are expected to increase in 2017 from low 2016 levels" . Hyster-Yale Materials Handling Inc - "commodities, including steel in particular, remain volatile and sensitive to changes in global economy" .Hyster-Yale Materials Handling - consolidated cash flow before financing activities is expected to be positive & increase significantly in 2017 versus 2016.

Xiamen XGMA Machinery reaches settlement in contract dispute

Tuesday, 28 Feb 2017 03:00am EST

Xiamen XGMA Machinery Company Limited <600815.SS>: Says the co reached settlement with the defendants in the lawsuit, which was disclosed on Sep. 27, 2016, regarding business contract dispute .Says the co will get the 119.03 million yuan worth arrears.

Cargotec Q4 EBIT EUR 21.3 mln, below expectations

Wednesday, 8 Feb 2017 01:30am EST

Cargotec Oyj : Q4 sales 933 million euros ($996.26 million) (Reuters poll 910 million euros) . Q4 adjusted EBIT 61.0 million euros (Reuters poll: 68.6 million euros) . Q4 EBIT 21.3 million euros (Reuters poll 51.1 million euros) . Q4 order intake 822 million euros (Reuters poll 781 million euros) . Operating profit excluding restructuring costs for 2017 is expected to improve from 2016 . Proposes a dividend of 0.94 euro per share for 2016 (Reuters poll: 0.97 euro per share) . "Profitability improved in Kalmar" .Challenging market situation continued in MacGregor.

Palfinger FY revenue up 10.3 pct to 1.36 billion euros

Tuesday, 7 Feb 2017 04:01am EST

Palfinger AG : Again achieved record revenue and earnings in 2016 . Dividend stable at 0.57 euro per share . FY revenue grew by 10.3 percent to 1,357.0 million euros ($1.45 billion) . FY EBIT at record level of 106.0 million euros despite restructuring . FY EBITDAn increased by 11.7 percent to 172.5 million euros and EBITn by 9.1 percent to 123.7 million euros . High level of incoming orders in Q4 of 2016 and in early 2017 . FY consolidated net result for 2016 financial year was 61.2 million euros, 5.0 percent lower than previous year's figure of 64.4 million euros .For 2017 management considers further revenue growth to be realistic in light of satisfactory level of incoming orders in Q4 of 2016 and in early 2017.

CNH Industrial NV Q4 adjusted diluted EPS $0.14

Tuesday, 31 Jan 2017 08:20am EST

CNH Industrial NV : In Q4 of 2016, consolidated revenues were $6,998 million, down 2.0% compared to Q4 of 2015 . Says Board of Directors is recommending a dividend of EUR 0.11 per common share, or approximately EUR 150 million . Says will take a restructuring charge of approximately $100 million in 2017 as part of its industrial Efficiency Program . Sees 2017 adjusted diluted EPS between $0.39 and $0.41 . Expects 2017 net sales of Industrial Activities between $23 billion and $24 billion . Qtrly adjusted diluted EPS $0.14 . FY2017 revenue view $25.20 billion -- Thomson Reuters I/B/E/S . Sees net industrial debt at end of 2017 between $1.4 billion and $1.6 billion . Q4 earnings per share view $0.12, revenue view $6.79 billion -- Thomson Reuters I/B/E/S . Expects the industrial Efficiency Program to generate incremental savings of about $60 million in 2017 and $80 million on an annualized basis . Qtrly earnings per share $0.07 .FY2017 earnings per share view $0.39 -- Thomson Reuters I/B/E/S.

Caterpillar reports Q4 loss per share $2.00

Thursday, 26 Jan 2017 07:30am EST

Caterpillar Inc : Caterpillar reports 2016 fourth-quarter and full-year financial results; provides outlook for 2017 . Q4 loss per share $2.00 . Q4 adjusted earnings per share $0.83 . Q4 sales $9.6 billion versus I/B/E/S view $9.84 billion . Q4 earnings per share view $0.66 -- Thomson Reuters I/B/E/S . Sees FY 2017 adjusted earnings per share about $2.90 excluding items . Sees FY 2017 earnings per share about $2.30 . Says current outlook for sales and revenues in 2017 is a range of $36 billion to $39 billion with a midpoint of $37.5 billion . Says expect 2017 profit per share of about $2.30 at midpoint of sales and revenues outlook range . Says excluding restructuring costs of about $500 million, we expect 2017 adjusted profit of about $2.90 per share at midpoint . FY2017 earnings per share view $3.04 -- Thomson Reuters I/B/E/S . Outlook range reflects an expectation that dealers will not reduce inventories in 2017 as much as they did in 2016. . Caterpillar inventory declined about $900 million during Q4 of 2016 . At end of 2016, past dues at CAT Financial were 2.38 percent, compared with 2.14 percent at end of 2015 . As of December 31, 2016, CAT Financial's allowance for credit losses totaled $343 million, compared with $338 million at year-end 2015 . Dealer machine and engine inventories decreased about $800 million in Q4 of 2016, compared with a decrease of about $1.0 billion in Q4 of 2015.

Iseki&Co Ltd says merger of two agricultural machinery and equipment units

Monday, 26 Dec 2016 01:20am EST

Iseki&Co Ltd <6310.T>:Says merger of two Matsuyama-based agricultural machinery and equipment wholly owned subsidiary into one, effective Jan. 1, 2018.

Daechang Forging to merge with Pusan Metal Mold

Monday, 17 Oct 2016 05:31am EDT

Daechang Forging Co Ltd <015230.KS> : Says it will merge with its wholly owned subsidiary Pusan Metal Mold Co.,ltd to improve synergy effect and company value . Says merger ratio is 1:0 between the company and the subsidiary .Merger effective date is Dec. 20 and expected registered date is Dec. 22.

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