Terex reports strong First Quarter 2024 results; raises full-year outlook
Sales of $1.3 billion increased 5% year-over-year Income from operations of $158 million, up 7% year-over-year Operating profit margin of 12.2% improved 20 bps year-over-year Earnings per share of $1.60 Return on invested capital of 27.6%, up 370 bps from the prior year Raising full-year 2024 EPS outlook to a range of $6.95 to $7.35 Increasing full-year 2024 sales outlook to a range of $5.2 to $5.4 billion Terex Corporation, a global...
KION Group starts solid with increases in revenue and earnings
Revenue up by 2.8 percent to € 2.859 billion (Q1 2023: € 2.781 billion) Adj. EBIT improves to € 226.7 million (Q1 2023: € 156.0 million) Adj. EBIT margin of 7.9 percent (Q1 2023: 5.6 percent) Positive free cash flow of € 65.7 million (Q1 2023: € 104.9 million) Full-year 2024 outlook confirmed The KION Group started the financial year 2024 with revenue growth and improved profitability. The adjusted EBIT margin of 7.9 percent came in...
National Safety Stand-Down to prevent falls is May 6-10
The American Society of Safety Professionals (ASSP) encourages safety professionals and employers to raise awareness and participate in the 11th annual National Safety Stand-Down to Prevent Falls in Construction on May 6-10. The observance is part of a year-round campaign led by the Occupational Safety and Health Administration (OSHA). Falls from height are the leading cause of death for construction workers, with more than 350...
Staffing employment holds steady in April
New Starts Down and Four-Week Average Down From Prior Week Staffing employment held steady during the week of April 8-14, with the ASA Staffing Index edging up just slightly to hold at a rounded value of 90. Staffing jobs were down 7.6% from the same period last year; and staffing firms cited school breaks and temporary-to-permanent conversions as factors that hindered further growth. New starts in the 15th week of the year decreased...
U.S. Rail Traffic report for the Week Ending April 20, 2024
The Association of American Railroads (AAR) has reported U.S. rail traffic for the week ending April 20, 2024. For this week, total U.S. weekly rail traffic was 474,544 carloads and intermodal units, up 0.8 percent compared with the same week last year. Total carloads for the week ending April 20 were 216,945 carloads, down 6.7 percent compared with the same week in 2023, while U.S. weekly intermodal volume was 257,599 containers and...
Cabka demonstrates continued leadership in circular economy with 2023 Annual Report
Cabka, the market leader in reusable transport packaging made of recycled plastic publishes its Annual Report 2023. It includes both the financial report for the accounts of Cabka N.V. and the company’s Environmental, Social, and Governance (ESG) report. Throughout 2023, Cabka remained steadfast in its commitment to sustainability, achieving significant milestones, which underscore its leadership in the circularity movement...
DIEFFENBACHER mourns the death of Alfred H. Schenkmann
Schenkmann & Piel co-founder passed away at the age of 87 Alfred H. Schenkmann, founding partner and co-eponym of Schenkmann & Piel Verfahrenstechnik GmbH & Co. KG, passed away on April 12, 2024, at the age of 87. From its foundation in 1977 until his retirement on November 1, 2001, Schenkmann was Managing Director of Schenkmann & Piel Verfahrenstechnik in Leverkusen for 24 years. Even after the takeover by...
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