H&E Equipment Services report Fourth Quarter and Full Year 2023 results
H&E Equipment Services, Inc. has announced results for the fourth quarter and full year ended December 31, 2023, with record strategic expansion, impressive revenue growth, and steady margin appreciation contributing to another year of record financial performance. On October 1, 2021, the Company sold its crane business, (the “Crane Sale”). All results and comparisons for the periods reported are presented on a continuing...
Nucor reports results for the Fourth Quarter and Full Year 2023
Fourth quarter and full year 2023 diluted EPS of $3.16 and $18.00, respectively. Fourth quarter and full year 2023 net earnings before noncontrolling interests of $872.8 million and $4.91 billion, respectively; EBITDA of $1.36 billion and $7.41 billion, respectively. 2024 is expected to be another strong year as Nucor executes its strategy to grow the core and expand its portfolio of solutions. Capital deployment is expected to...
November 2023 Manufacturing Technology Orders fall despite economy’s soft landing
The soft landing the U.S. economy generally experienced through 2023 did not affect all sectors of the economy evenly. Even in the face of improving economic health, orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology, consistently fell short of orders placed in 2022. November 2023 was no different, with orders falling to $399.8...
June 2023 Orders of Manufacturing Technology reach $411.3 Million; Slide from peak continues
New orders of manufacturing technology totaled $353.9 million in July 2023, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology. July orders declined 12.4% from June 2023 but were only 10.5% lower than July 2022. Year-to-date orders reached $2.83 billion, 12.7% lower than this point last year. “July is typically one of the slower months for manufacturing...
August 2023 Logistics Manager’s Index Report®
Growth is INCREASING AT AN INCREASING RATE for: Inventory Costs, Warehousing Utilization, and Warehousing Prices Growth is INCREASING AT AN DECREASING RATE for: Warehousing Capacity and Transportation Capacity Transportation Utilization is NEITHER INCREASING NOR DECREASING Inventory Levels and Transportation Prices ARE DECREASING In August the Logistics Manager’s Index read in at 51.2. This is a marked change for the index as before...
Iron Ore and Steel continue to lead the way for US Great Lakes Shipping in July
US Great Lakes shipping activity continues to be on par with the previous year, as approximately 15.7 million tonnes of total cargo traffic traveled the seaway system for the year to date. Two key steel making commodities continue to show strong traffic volumes, with more than 3 million metric tonnes of iron ore moving through the system thus far (a year over year increase of 351,000 tonnes), and more than 1 million tonnes of coal...
June 2023 Orders of Manufacturing Technology reach $411.3 million; and slide from peak continues but orders remain above historical average
New orders of manufacturing technology totaled $411.3 million in June 2023, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology. June 2023 orders increased 12.6% over May 2023 but fell 1.7% below orders in June 2022. This brings total orders through the first half of 2023 to nearly $2.5 billion, about 13% below the total for the first half of 2022. “Orders...
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