Cat Financial reported Q2/18 revenues were up 7% compared to Q2/17. Pretax profit of $100 million was down from $164 million a year earlier due to an $86 million increase in provision charges. New business volume of $3.56 billion was up 32% compared to Q2/17. read more
JUL 31, 2018 - 6:55 am
Caterpillar reported Q2/18 sales and revenues of $14.0 billion, compared with $11.3 billion in Q2/17, marking a 24% increase. read more
JUL 31, 2018 - 6:35 am
TCF Financial reported Q2/18 earnings were down as result of a $32 million pre-tax charge with the BCFP. TCF also noted an equipment finance portfolio increase that resulted from a portfolio purchase in Q3/17. read more
JUL 30, 2018 - 6:37 am
Daimler said it sold more vehicles in the first six months of 2018 than ever before in a half year. The company also noted Daimler Truck sales in 2018 “will be significantly higher than in the previous year.” read more
JUL 27, 2018 - 7:24 am
Boeing reported Q2/18 earnings of $2,196 million were up 26% from $1,749 million in Q2/17. Boeing noted its backlog remained robust with 5,900 aircraft valued at $416 billion. read more
JUL 26, 2018 - 7:38 am
PACCAR announced Q2/18 net sales and financial services revenues were a record $5.81 billion, 23% higher than the $4.70 million achieved in Q2/17. read more
JUL 26, 2018 - 6:26 am
Rush Enterprises said U.S. Class 8 retail truck sales of 60,812 units, were up 24.7% in Q2/18 compared to Q2/17. Rush noted U.S. retail sales of Class 8 vehicles are expected to reach 252,700 units in 2018, up 27.6% from 2017 according to ACT Research. read more
JUL 25, 2018 - 7:11 am
CIT Group reported income from continuing operations for Q2/18 was $138 million, up from $41 million a year earlier. CIT noted "strong growth in funded volume in each of the equipment finance businesses." read more
JUL 24, 2018 - 7:37 am
GATX’s earnings for the first six months of 2018 were $115.1 million, up from $110.9 million a year earlier. A $15.3 million year-over-year increase on asset dispositions more than offset the impact of the $5.8 million expense to close a railcar maintenance facility in Germany. read more
JUL 24, 2018 - 6:46 am
Regions recorded an average balance of $36,874 million in commercial and industrial loans and leases in Q2/18, up 1.1% compared to Q1/18 and 3.6% compared to Q2/17. read more
JUL 23, 2018 - 7:27 am
According to Wintrust Financial’s Q2/18 earnings report, total assets increased by $1.0 billion from the prior quarter and now total roughly $29.5 billion. read more
JUL 20, 2018 - 6:15 am
BB&T Financial Services and Commercial Finance, which includes BB&T’s equipment finance product, reported net income of $145 million for Q2/18, an increase of $11 million compared to the earlier quarter. read more
JUL 20, 2018 - 6:10 am
Snap-on reported financial services revenue in Q2/18 of $82.0 million, which marked a 5.5% increase compared to Q2/17. read more
JUL 20, 2018 - 6:00 am
United Rentals reported a 19.3% year over year increase in rental revenue during Q2/18. read more
JUL 19, 2018 - 1:46 pm
Wells Fargo reported lease financing average balances for the six months of 2018 were $19.3 billion compared to $19.1 billion a year earlier. The average yield for the period of 4.89% compared to 4.88% for the same six months in 2017. read more
JUL 16, 2018 - 7:25 am