Caterpillar Inc. (CAT), the world’s largest maker of construction equipment, reported a gain in first-quarter revenue that was less than analysts estimated after sales fell in China and Brazil. Revenue climbed 23 percent to $16 ...
Ingram Micro reported an operating loss for its Australian division of around $10 million in the first quarter, although the result was an improvement on the previous year. In releasing its first quarter sales results, Ingram Micro said ...
Tags: Ingram Micro, losses, sales results, gross profit
VANCOUVER - Canfor Corp. (TSX: CFP) said Thursday it will spend $40 million on capital improvement projects at its sawmills in B. C. 's Kootenay region. The company plans to spend $38.5 million on a new planer, a biomass energy system and ...
Tags: market view, lumber
Kellogg said today (25 April) that its net profit dropped 2.2% in the first-quarter, as income was hit by weakness in Europe and higher raw material costs. For the three months ended 31 March, Kellogg's net income fell to US$358m from ...
Tags: Kellogg, net profit, dropped, weakness in Europe
Stanley Black & Decker announced first quarter 2012 financial results. -- 1Q'12 Revenues Increased 12% To $2.7 Billion; Organic Revenues Up 3% -- 1Q'12 Diluted GAAP EPS, Including M&A Charges, Was $0.72 -- Excluding M&A Charges, 1Q'12 ...
Tags: Market View, hand tool
From a sprawling manufacturing base deep in China’s southwestern Hunan province, some 100 kilometers from where Mao Zedong was born, construction-machinery maker Sany Group (SANYIZ) plans to take on the world. While workers in blue ...
Tags: market view, Cranes
W.W. Grainger Inc. is expanding further into Latin America by buying Brazilian supply company AnFreixo SA. Grainger, which sells hand tools, cleaning products and other equipment to businesses, bought the company from Brazilian industrial ...
Tags: Market View
Building-related groups rank high in IBD's rankings of 197 industry groups amid a recovery in the housing and construction markets. The Building-Hand Tools group is quickly rising and is home to dividend stalwart Stanley Black & Decker ...
Tags: Market View, hand tool
CVC Capital Partners Ltd., the buyout firm that owns Formula One, agreed to buy Ahlsell AB for 1.8 billion euros ($2.4 billion) to expand in the wholesale supply of tools, machinery and building products. CVC is buying the Stockholm-based ...
Precision Castparts to acquire RathGibson Precision Castparts Corp. — a holding company for an increasingly diverse portfolio of manufacturers, from investment casting to forging — has acquired RathGibson LLC for an undisclosed ...
Tags: Market View, Forge
Full year 2011: Sales EUR 73.5 billion (plus 15%) EBIT before special items EUR 8.4 billion (plus 4%) Earnings per share EUR 6.74 (plus 36%) 4th quarter 2011: Sales EUR 18.1 billion (plus 10%) EBIT before special items EUR 1.5 billion ...
Tags: market view
A separate flotation of the European division of the Steinhoff concern could generate emission income of roughly 1.5bn.This was reported by Steinhoff CEO Markus Johannes Jooste on 20 February 2012 in an interview with the Bloomberg press ...
Tags: Steinhoff Europe Ipo, Steinhoff, CEO Markus Johannes Jooste
Warren Buffett’s pursuit of bigger acquisitions makes companies from Stanley Black & Decker Inc. (SWK) to Parker Hannifin Corp. the most attractive takeover targets, according to data compiled by Bloomberg. Berkshire Hathaway ...
Tags: Market View
The forest industry plays a critical role in a country's economy right from supporting the production of a diverse variety of forest based products towards generating employment and providing recreational and tourism opportunities. Given, ...
Tags: industry trends, Forest Products
Caterpillar Inc. Delivered record-breaking 2011 sales and revenues of $60.138 billion, an increase of 41 percent from $42.588 billion in 2010, citing “outstanding execution and stronger global demand, ” as the impetus. Profit in ...