Industry Report Card: Capital Goods Mar 03

  • ID: 1751580
  • March 2003
  • Standard & Poors
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  • Actuant Corp.
  • Corning Inc.
  • FMC Technologies Inc.
  • Intermec Inc.
  • Maxim Crane Works L.P.
  • Park-Ohio Industries Inc.
  • MORE

Most capital goods end-markets faced a sharp downturn starting in mid-2000, although the downturn in the farm equipment industry commenced in mid-1998. While the U.S. economy is recovering this year from a brief, relatively mild recession, activity in the capital goods sector is still very weak, and the timing and magnitude of the long anticipated recovery remains uncertain. Although consumer spending has continued to be fairly robust, excess production capacity caused by overinvestment during the 1990s (manufacturing capacity utilization remains depressed at just under 74%), continued profit pressures, and the war in Iraq have made companies reluctant to make big capital spending commitments. While GDP growth in the fourth quarter of 2002 was revised upward to a 1.4% annualized rate,...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

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

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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