Delayed CapEx and tariffs impact Genie’s Q2
Terex Corp. announced a decline in Genie’s second-quarter 2025 revenues and operating profit, citing delayed capital expenditure from North American rental companies and “significant tariff rate increases.” For the second quarter, Genie reported net sales of $607 million, a -17.1% or $125 million decrease year-over-year. Operating profit for the quarter was $46 million, down -60% […]
Capex drop hits Genie quarterly revenues
Lower than expected capital expenditure from customers has resulted in a 17% drop in net sales for Genie in the second quarter of the year. Sales at Terex Corp’s Aerials division stood at $607 million, representing a $125 million fall year-over-year as rental customers focused primarily on replaceing their fleets. Genie’s GTH-1044 The lower than […]
Herc issues first results since H&E acquisition
Herc Rentals has reported its first quarterly results since finalising the acquisition of H&E Equipment at the start of June, with revenues for the three months to 30 June up 18.2% to US$1 billion and EBITDA profits up 12.8% to $406 million. These figures include one month of contributions from H&E, but pro forma revenues […]
Hiab up overall in first half of 2025
Hydraulic loader crane and equipment manufacturer Hiab claims a “strong performance” in the first half of 2025. At the end of the first six months of the year, orders received were €755 million, up 3 per cent on the €734 million in the same period a year earlier. At €814 million, however, Hiab reported a […]
Alimak acquires Century Elevators in the US
Sweden-based Alimak Group has signed an agreement to acquire the permanent industrial elevator business Century Elevators. Century Elevators, which has an annual turnover of approximately US$9.7 million, is headquartered in Webster, US, and has been owned by BrandSafway since 2019. Founded in 2009, Century has established itself as one of the leading suppliers of industrial […]