Bauer AG Reports Weak First Half, Lowers 2013 Outlook
Bauer AG early this month reported revenue for the first half of 2013 up 3.3 percent over the same period last year, to $968 million (USD). The results were softer than expected, which the company attributed to delayed starts of large projects in its construction segment, among other challenges.
At the same time, company officials expressed optimism that orders in hand climbed 11.6 percent over the same period a year before, to $1.16 billion (USD). It’s a all-time high for the company.