Industry Report Card: U.S. Capital Goods Sep 04
Standard & Poors, September 2004
Abstract
Following a three-year recession in the industrial economy that caused a sharp downturn in the capital goods sector, macro economic and industrial indicators started trending upward during the last half of 2003 and have turned sharply positive in 2004, indicating that the long-anticipated sector recovery is in full swing and should be sustained, at least for the next year or perhaps two. The magnitude and duration of the sector recovery will depend upon the sustainability of solid GDP growth rates, continued increases in industrial production and capacity utilization, and to some extent on recovery of non-residential construction, which has shown some modest improvement this year. For several reasons, companies have been reluctant until now to make big capital spending commitments...
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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.
- Trinity Industries Inc.
- Amsted Industries Inc.
- Park-Ohio Industries Inc.
- Jordan Industries Inc.
- Watts Water Technologies Inc.
- Victor Technologies Group Inc.
- Corning Inc.
- HCC Industries Inc.
- Rexnord LLC
- Thomas & Betts Corp.
- IDEX Corp.
- AGCO Corp.
- TriMas Corp.
- AMETEK Inc.
- J.B. Poindexter & Co. Inc.
- SPX Corp.
- Hubbell Inc.
- Terex Corp.
- Day International Group Inc.
- Aearo Corp.
- Euramax International Inc.
- Unifrax Corp.
- Kinetek Holdings Corp.
- Hawk Corp.
- Carlisle Cos. Inc.
- Neenah Foundry Co.
- Bucyrus International Inc.
- NES Rentals Holdings Inc.
- Mettler-Toledo International Inc.
- Tyco International Ltd.
- 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.
- Norcross Safety Products LLC
- NationsRent Cos. Inc.
- 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.
- EnerSys
- JLG Industries Inc.
- Greif Inc.
- Manitowoc Co. Inc.
- Joy Global Inc.
- Acuity Brands Inc.
- NMHG Holding Co.
- H&E Equipment Services Inc.
- Cooper Industries Ltd.
- National Waterworks Inc.
- Colfax Corp.
- Kaydon Corp.
- Itron Inc.
- Roper Industries Inc.
- Sensus U.S.A. Inc.
- Ionics Inc.
- ERICO International Corp.
- Douglas Dynamics LLC
- Ceradyne Inc.
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