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Earnings


Labor Department Issues Final Overtime Rule; Set to Go Into Effect Jan. 1, 2020

The U.S. Department of Labor announced a final rule Sept. 24 to make 1.3 million American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA). "For the first time in over 15 years, America's workers will have an update to overtime regulations that will put overtime pay into the pockets of more than a million working Americans," Acting U.S....


Volvo CE Sales Up 34 Percent in Q3

Market share gains in key segments coupled with good cost control and growing demand in most markets helped Volvo Construction Equipment (Volvo CE) post an especially strong third quarter of 2017. This saw sales up 34 percent, order intake up 45 percent and delivers up 48 percent in the period, as well as a strong improvement in profitability. Adjusted for currency movements, net sales in the third quarter increased by 34 percent to SEK 15,091 M (11,539)....


Cat Financial Announces Third-Quarter 2017 Results

Cat Financial reported third-quarter 2017 revenues of $673 million, an increase of $22 million, or 3 percent, compared with the third quarter of 2016. Third-quarter 2017 profit was $86 million, an $11 million, or 11 percent, decrease from the third quarter of 2016....


Terex Announces Q2 2017 Financial Results, Profits Up

Terex Corporation announced Aug. 1 second quarter 2017 income from continuing operations of $95.4 million, or $0.98 per share, on net sales of $1.2 billion. In the second quarter of 2016, the reported income from continuing operations was $109.6 million, or $1.00 per share, on net sales of $1.3 billion....






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