TITLE

Equipment Firms Get Spring Boost

PUB. DATE
June 2004
SOURCE
ENR: Engineering News-Record;6/7/2004, Vol. 252 Issue 23, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Construction equipment producers have overcome previously weak sales, production and pricing despite more expensive raw materials and labor. Industry analysts think sales will cool off by the end of the second quarter, but still see dealer incentives disappearing as firms gain 20% to 25% in overall revenue this year. The Iraq reconstruction effort also has been a significant factor for U.S.-based equipment firms like Oshkosh Truck Corp., JLG Industries, Terex Corp. and Case. The Oshkosh, Wisconsin-based Oshkosh, increased its annual estimates after posting a 59.2% net profit increase for its second fiscal quarter ending March 31, 2004.
ACCESSION #
13426287

 

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