13
NEWS
DECEMBER 2014
ACT
■
Talbert Manufacturing,
based in Rensselaer, IN, has
acquired Ferree Trailers,
located in Liberty, NC.
The Ferree line includes
detachable, fixed and folding
gooseneck trailers and tag-
a-longs as well as specialty
trailers such as logging, pole
and crane boom trailers.
■
Kobelco’s sales of
construction equipment for
the first half of the fiscal year
were up 9.1 percent to $2
billion. Ordinary income from
its sales of excavators and
craneswas up 63 percent to
$186million, for amargin of
9.5 percent, compared to 6.3
percent a year ago. Kobelco
Cranes reported reveunes up
59 percent to $348million.
■
For the first half of the 2014
financial year, Tadano reported
an increase in sales of 13.1
percent to $841million. Sales
were up across all Tadano
product lines and groups, the
Japanesemanufacturer said.
By revenuemobile crane sales
were up 14.1 percent, truck
loader cranes 16.6 percent,
aerial work platforms 14
percent and other equipment
6.2 percent. Tadano claimed
a global market share of the
wheeledmobile cranemarket
of 26.9 percent in 2013. Its
2014, first half year share has
increased from$493million in
2013 to $562million.
H
I
G
H
LI
G
H
TS
C
P
C
r
ane b
u
y
s
fi r
s
t
C
r
o
s
s
o
v
er
8
0
0
0
CanadianProfessionalCrane
(CPCrane) ofWaterdown,
Ontario, Canada, recently
purchased anew80-tonTerex
Crossover 8000boom truck,
the first one sold inCanada.
According toCPCrane’sAram
Malek, the companyneeded a
crane that couldhandleup to
80 tons butwould alsokeep
a small footprint andonly
requireoneoperator.
CPCrane’sCrossover 8000
superstructure ismounted
on a2014Freightliner 114SD
chassis, configuredwith
a126-foot fullypowered,
four-sectionboomwith a
quick-reeveboomhead and
a33-57-foot offset jib. The
X-patternoutrigger design
eliminates theneed for the
front stabilizer jack. This
decreases overall crane length
andweight. TheCrossover
8000 is also equippedwith
aquick-reevinghookblock
featuring five sheaves tooffer
itsmaximum capacity, giving
it the flexibility tohandle
some complex lifts.
■
AramMalek of CP Crane (left) and Dan Sweeney of Cropac (right).
C
o
ns
t
r
ai
ned dem
and hi
t
s
M
ani
t
o
w
o
c
Manitowoc said that revenue in its preliminary third-quarter results was hit by falling demand. For the
third-quarter 2014, net sales were expected to be just under $1billion, versus $1.01 billion in Q3 of
2013. Earnings before interest, restructuring and tax were expected to be approximately $90million
in the third quarter of 2014 versus $112.4million in the third quarter of 2013.
Glen Tellock, Manitowoc chairman and CEO, said, “Our third-quarter results remain challenged by
a constrained demand environment globally. In the crane segment, sales were further impacted by
the North American rough terrain and boom truck markets, as well as weakness in the Latin America
region. In addition, foodservice experienced weakness in select geographic regions, such as Russia
and Asia Pacific, as well as certain product categories. Given these results, we are updating our full-
year outlook for both cranes and foodservice.”
He said the company has ongoing confidence in the strength and long-term outlook of its business,
including recently announced cost-savings expectations. For the full year, the company anticipates
crane segment revenue to decline by “mid-to-high single-digit” percentage compared to 2013
revenues, while it expects crane operatingmargins for full-year 2014 to be in the 7 percent range.
Q
3
:
p
r
o
fi t
u
p
,
r
ev
enu
e no
t
Terex’s revenues for the third
quarter of the yearwereup
3percent to$1.81billion,
compared to the sameperiod
last year.However, its net
profit from continuing
operationswas down31
percent to$58.7million.
Terex chairman&CEO
RonDeFeo said, “Our results
for the thirdquarterwere
in linewith the revised
guidance communicated
inmid-September.Our
Cranes segmentmet our
lowered expectations for
the quarter as endmarkets
remain challenged.However,
despite continuedmarket
environment challenges, we
are anticipating sequential
improvement fromCranes in
the fourthquarter.
In terms of revenue growth,
TerexAWP, whichmakes
products under theGenie
brand, was the company’s
best performingdivision
in the thirdquarter. Sales
wereup12percent to$599
million, althoughoperating
revenues fell 15percent to
$68.4million.However, with
anoperatingmarginof 11.4
percent, it remainsTerex’s
most profitable business.
The onlydivision to see a
fall in saleswasTerexCranes,
where revenuesweredown
7percent to$420million.
Operating income came in at
$21.8million, a 25percent fall
compared to a year ago.
“Predictingmarket
improvements has been
challenging and in thenear
termwewill be assuming
flatmarkets andonly
performance improvements
thatwe can control,”DeFeo
added.
■
