Number of warehouses Lifting Gear Hire Corp., Bridgeview, Ill., has opened in the United States, following the recent completion of a new warehouse in Columbus, Ohio. The company says the new warehouse will provide faster equipment rental turnaround times for customers in and around the Ohio Valley area.
Percentage net sales increase reported by The Toro Co., Bloomington, Minn., for the first nine months to $1.62 billion. The company’s fiscal third quarter sales increased 0.6 percent to $504.1 million. Michael Hoffman, Toro’s chairman and CEO, said the company anticipated a slowdown in the second half of the fiscal year, but “what we didn’t predict was the worst drought in over 50 years. We were still able to deliver favorable third quarter results in comparison to last year, but the combined impact of economic and weather conditions resulted in additional slowing of retail momentum and an increase in field inventory.”
Number of people needed to properly change a light bulb on portable light towers from Doosan Portable Power, Statesville, N.C. The person also should wear a pair of gloves, as grease, oil and salt — often present on hands and fingers — can adversely affect bulb life and performance. More about “How to Change a Bulb in a Doosan Portable Power Light Tower” is available online as a product video at doosanportablepower.com.
First-quarter revenue for Sunbelt Rentals, Fort Mill, S.C., up 17 percent. The company said 13 percent of the growth came from utilization of a larger fleet and 4 percent from improved rental rates.
Investment made by Caterpillar in its new state-of-the-art hydraulic excavator facility in Victoria, Texas. When operating at full capacity, the 1.1 million-sq.-ft. operation is designed to triple Caterpillar’s hydraulic excavator capacity and production in the United States.
Value of an asset-based credit facility for Acme Lift Co., Mesa, Ariz., from GE Capital, Norwalk, Conn. The loan will be used by Acme Lift to refinance existing debt and support future growth.
Percentage increase in second quarter revenues to $410.1 million for Titan Machinery, West Fargo, N.D. All four of the company’s revenue sources — equipment, parts, service and rental — contributed to the period-over-period revenue growth.