Equipment Firms Get Spring Boost

June 2004
ENR: Engineering News-Record;6/7/2004, Vol. 252 Issue 23, p11
Trade Publication
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.


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