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APRIL 2013 issue of
Rental Management

By the numbers


First quarter 2013 net sales for The Toro Co., Bloomington, Minn., up 4.9 percent. First quarter net earnings were $31.4 million. “Our record-setting first quarter, driven by particularly strong channel demand for large turf equipment and the continued growth of micro irrigation sales, propelled us to a solid start for the year,” said Michael Hoffman, Toro’s chairman and CEO. “Our financial performance benefitted from both accelerated sales related to pre-Tier 4 product shipments and early professional end-user demand, along with positive effects of our productivity initiatives. The optimistic outlook of customers across our businesses is encouraging, as we prepare for our primary selling season.”


Number of years Atlas Copco, Stockholm, Sweden, has now been in business. The company marked the milestone in late February when Ronnie Leten, Atlas Copco CEO, rang the opening bell at the NASDAQ stock exchange in New York on Feb. 21. The shares of Atlas Copco have been listed on NASDAQ OMX in Sweden for more than 90 years.


Number of backhoes that have been produced at the John Deere Dubuque Works factory in Dubuque, Iowa. The milestone model 310SK backhoe loader was completed on March 1, 2013, and purchased by Phoenix-based NPL Construction Co., which took delivery of the machine at a special ceremony at the Dubuque Works facility. The John Deere 310SK backhoe loader, part of the K-Series, is the latest of more than 50 different backhoe models that have been produced at the Dubuque Works factory since 1971.


Net sales for the full year 2012 for Terex Corp., Westport, Conn., compared to net sales of $6.505 billion in 2011. “We made significant progress in 2012. Our primary goals were margin improvement, cash generation and the integration of Demag Cranes AG. We made excellent advancement in these areas and more during the year,” said Ron DeFeo, Terex chairman and CEO. “We were impacted in the second half of the year by challenging end markets in Europe and Asia, but we still meaningfully improved our profitability, generated approximately $554 million of free cash flow, restructured and reduced our debt, and began to realize integration savings as planned. We are optimistic about our business as we begin 2013. We are seeing improvements in many of our end-markets and believe the macro-economic uncertainty that affected our fourth quarter performance will abate by the middle of 2013.”


Fourth quarter 2012 worldwide equipment rental revenues for Hertz Equipment Rental Corp. (HERC), Park Ridge, N.J., up 21.2 percent year-over-year. Adjusted pre-tax income for HERC for the fourth quarter of 2012 was $82.4 million.



Nine-month revenue for the first three quarters of fiscal 2013 for Sunbelt Rentals, Fort Mill, S.C., up from $1.130 billion during the same nine months last year. Sunbelt’s rental revenue in the third quarter also was up 27 percent and the company’s fleet size, as of Jan. 31, 2013, was valued at $2.7 billion.


Number of meters wide the clearspan structure built by Karl’s Event Services, Oak Creek, Wis., measured for the Budweiser 1876 Activation interactive lounge set up for Speedweeks during the Daytona 500 at the Daytona International Speedway in Daytona, Fla.




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