Industry Report Card: U.S. Capital Goods Jun 03

  • ID: 1751579
  • June 2003
  • Region: United States
  • Standard & Poors
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  • Actuant Corp.
  • Cooper Industries Ltd.
  • FastenTech Inc.
  • Illinois Tool Works Inc.
  • Kinetek Holdings Corp.
  • Park-Ohio Industries Inc.
  • MORE

Most capital goods end-markets continue to deal with the sharp downturn that started in mid-2000, although the downturn in the farm equipment industry has been going on since mid-1998. While the U.S. economy is recovering from a 2001, relatively mild recession, economic activity in the capital goods sector is still very weak, and the timing and magnitude of the long-anticipated recovery remains uncertain. The health of the U.S. industrial economy is a major driver of credit quality for rated capital goods issuers. Excess production capacity caused by over-investment during the 1990s (manufacturing capacity utilization remains depressed, at less than 73%), continued profit pressures, and the lack of visibility regarding the magnitude and stability of near-term economic growth have made companies...

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Note: Product cover images may vary from those shown
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- Caterpillar Inc.
- Crane Co.
- Cummins Inc.
- Deere & Co.
- Dover Corp.
- Eaton Corp.
- Emerson Electric Co.
- General Electric Co.
- Grainger (W.W.) Inc.
- Harsco Corp.
- Ingersoll-Rand Co.
- Kennametal Inc.
- Parker-Hannifin Corp.
- Rockwell Automation Inc.
- Westinghouse Air Brake Technologies Corp.
- Illinois Tool Works Inc.
- ITT Corp.
- Elgin National Industries Inc.
- Milacron Inc.
- Danaher Corp.
- Timken Co.
- McDermott International Inc.
- High Voltage Engineering Corp.
- Trinity Industries Inc.
- Park-Ohio Industries Inc.
- Jordan Industries Inc.
- Watts Water Technologies Inc.
- Corning Inc.
- HCC Industries Inc.
- Rexnord LLC
- Thomas & Betts Corp.
- IDEX Corp.
- AGCO Corp.
- TriMas Corp.
- Titan International Inc.
- J.B. Poindexter & Co. Inc.
- SPX Corp.
- Hubbell Inc.
- Terex Corp.
- Day International Group Inc.
- Aearo Corp.
- Transportation Technologies Industries Inc.
- Euramax International Inc.
- Unifrax Corp.
- Kinetek Holdings Corp.
- Hawk Corp.
- Carlisle Cos. Inc.
- DT Industries Inc.
- Bucyrus International Inc.
- The GSI Group LLC
- NES Rentals Holdings Inc.
- Intermec Inc.
- Blount Inc.
- Eagle Picher Inc.
- Oshkosh Corp.
- Numatics Inc.
- Columbus McKinnon Corp.
- Neff Corp.
- Key Components LLC
- WESCO Distribution Inc.
- Penhall International Corp.
- Maxim Crane Works L.P.
- Citation Corp.
- Norcross Safety Products LLC
- Actuant Corp.
- United Rentals Inc.
- Juno Lighting Inc.
- Motor Coach Industries International Inc.
- Mueller Group LLC
- Pentair Inc.
- Instron Corp.
- Polypore Inc.
- CNH Global N.V.
- Flowserve Corp.
- FastenTech Inc.
- JLG Industries Inc.
- Greif Inc.
- FMC Technologies Inc.
- Manitowoc Company Inc. (The)
- Joy Global Inc.
- Acuity Brands Inc.
- NMHG Holding Co.
- H&E Equipment Services Inc.
- Cooper Industries Ltd.
- National Waterworks Inc.

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown





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