The Driller
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
  • CLASSIFIEDS
  • EQUIPMENT
  • SAFETY
  • VIDEOS
  • EDUCATION
  • SOURCEBOOK
  • EVENTS
  • SUBMIT
  • ABOUT
  • SIGN UP
cart
facebook twitter linkedin youtube
  • NEWS
  • Water
  • Geothermal
  • Construction
  • Environmental
  • Mining
  • All Industry News
  • EQUIPMENT
  • Rigs & Heavy Equipment
  • Consumables
  • Pumps
  • Featured Products
  • VIDEOS
  • Newscast
  • Drill Talks
  • Ask Brock
  • Emerging Drillers
  • EDUCATION
  • Drilling Business Insights
  • Reference Desk
  • Sponsored Insights
  • EVENTS
  • Conferences & Demo Days
  • Newscast LIVE
  • SUBMIT
  • Drillers @Work
  • ABOUT
  • Contact
  • Advertise
The Driller
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
The Driller
  • NEWS
    • Water
    • Geothermal
    • Construction
    • Environmental
    • Mining
    • All Industry News
  • CLASSIFIEDS
  • EQUIPMENT
    • Rigs & Heavy Equipment
    • Consumables
    • Pumps
    • Featured Products
  • SAFETY
  • VIDEOS
    • Newscast
    • Drill Talks
    • Ask Brock
    • Emerging Drillers
  • EDUCATION
    • Drilling Business Insights
    • Reference Desk
    • Sponsored Insights
  • SOURCEBOOK
  • EVENTS
    • Conferences & Demo Days
    • Newscast LIVE
  • SUBMIT
    • Drillers @Work
  • ABOUT
    • Contact
    • Advertise
  • SIGN UP
Drilling Industry News

Atlas Copco Announces Q4 Results

Atlas Copco reports healthy operating profit, revenue and orders for Q4 despite weak demand for mining equipment.
March 1, 2014
Leten atlas copco

Leten

Atlas Copco reported healthy operating profit, revenue and orders received for the fourth quarter despite continued weak demand for mining equipment.

Fourth-quarter revenues decreased 4 percent organically year-on-year to $3.3 billion USD, the operating profit was $644 million USD and the operating margin was 19.5 percent (20.7).

“A mixed quarter ended the year,” said Ronnie Leten, president and CEO of the Atlas Copco Group. “Demand for our industrial equipment was stable, and the service business continued on a positive path. The mining business continued to be challenging.”

Important events during the quarter included the acquisition of Tentec, which provides bolt-tightening solutions, and Archer Underbalanced Services, a provider of down-the-hole hammers and compressed air packages to land-based oil and gas drilling companies.

Earlier this month, Atlas Copco completed the acquisition of Edwards Group, a provider of vacuum solutions. “We are pleased to welcome this world-leading company into our group. Together we will offer comprehensive industrial solutions to manufacturing customers,” said Leten.

Atlas Copco also launched several new innovative products including small energy-efficient screw compressors, lightweight high-torque electric nutrunners that offer customers a compact power tool solution, an underground loaders for large operations and a compact material feeder for non-stop paving.

“We always look for ways to increase customer productivity,” Leten said. “While we are keeping a close eye on costs, we continue to invest in state-of-the-art products and service as this will safeguard our future growth.”

In the near term, the overall demand for the group’s products and services is expected to remain at the current level. 

Atlas Copco, based in Stockholm, Sweden, serves segments ranging from compressors and air treatment systems to construction, mining and drilling equipment. The company, founded in 1873, has more than 39,800 employees worldwide, and operates in more than 170 countries. Atlas Copco in North America operates in more than 109 locations and employs more than 4,500 people in the United States. For more information, visit www.atlascopco.us. 

KEYWORDS: Atlas Copco

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
to unlock your recommendations.

Already have an account? Sign In

  • geotechnical drilling rig

    6 Onsite Phrases Environmental Drillers Hate

    Here are six phrases that highlight common frustrations...
    Opinions
    By: Jeff Garby
  • Wayne Nash

    Pipe Stuck? Common Causes and Solutions for Drillers

    If you have drilled for any length of time, sooner or...
    Markets
    By: Wayne Nash
  • deep water well

    Selecting and Sizing Submersible Pump Cable

    This article helps pump installers and servicers decide...
    Pumps
    By: Bob Pelikan
You must login or register in order to post a comment.

Report Abusive Comment

Manage My Account
  • eNewsletters
  • Online Registration
  • Subscription Customer Service
  • Manage My Preferences

The Driller Newscast: Hard Hats, Hot Topics, and Dad Jokes

The Driller Newscast: Hard Hats, Hot Topics, and Dad Jokes

Environmental Works - 3135GT Testimonial

Environmental Works - 3135GT Testimonial

The Driller Newscast - The Exit Interview: The Battle of Bron vs. Brock

The Driller Newscast - The Exit Interview: The Battle of Bron vs. Brock

ClimateMaster’s “Geo Joe” Discusses Industry Growth Through State Organizations

ClimateMaster’s “Geo Joe” Discusses Industry Growth Through State Organizations

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the The Driller audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of The Driller or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • demo of a DM450 drilling rig during a customer factory visit
    Sponsored byGeoprobe

    Built for You: Smarter Drill Rigs, Stronger Support, Bigger Opportunities

Popular Stories

An image of the Plume Stop tech

New Filter System to Mitigate PFAS Said to Last 40 Years

An image of a pair of boots

The Job Site Fit Check: Boots

An image of a Vesa Drill rig

Breaking: Charger Acquires Versa-Drill

The Driller Classifieds

COMPRESSORS

EAST WEST MACHINERY & DRILLING IS BUYING AND SELLING AIR COMPRESSORS, AIR BOOSTERS, AIR ENDS & PARTS
Company: East West Machinery

DRILL RIGS

LOOKING FOR LATE MODEL TOPHEADS & DRILLTECH D25'S
Company: Spikes’s Rig Sales

DRILL RIG PARTS

MEETING DRILLERS NEEDS AROUND THE WORLD
Company: East West Machinery

ELEVATORS

SEMCO INC. PIPE ELEVATORS
Company: Semco Inc.

GROUTERS

GROUTING EQUIPMENT - GROUT PUMPS & GROUT HOSE REELS
Company: Geo-Loop Inc.

PUMP HOISTS

SEMCO INC. - BASIC PUMP HOISTS
Company: Semco Inc.

WELL PACKERS

LANSAS PRODUCTS - INFLATABLE WELL PACKERS
Company: Vanderlans Lansas Products

WELL SCREENS

WELL SCREENS & SLOTTED PIPE
Company: Alloy Screen Works

Products

Water Quality Engineering: Physical / Chemical Treatment Processes

Water Quality Engineering: Physical / Chemical Treatment Processes

By carefully explaining both the underlying theory and the underlying mathematics, this text enables readers to fully grasp the fundamentals of physical and chemical treatment processes for water and wastewater.

See More Products

The Driller E.G.O. Award - Enter now!

Related Articles

  • Mining and Mineral National Driller Default image

    Atlas Copco Touts Quarterly Results

    See More
  • Atlas Copco T2W-III

    Atlas Copco Named to Forbes Top 100 Innovative Companies List

    See More
  • The Atlas Copco cluster drill rig, which Anderson Drilling crews named “Thor,”

    Atlas Copco Makes Sustainable Companies List

    See More
×

Dig deeper into the drilling and water supply industry!

Build your knowledge with The Driller, covering the people, equipment and technologies across drilling markets.

SIGN UP NOW
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
    • Classifieds
  • SIGN UP TODAY
    • Create Account
    • eNewsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing

The Driller
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
The Driller
  • NEWS
    • Water
    • Geothermal
    • Construction
    • Environmental
    • Mining
    • All Industry News
  • CLASSIFIEDS
  • EQUIPMENT
    • Rigs & Heavy Equipment
    • Consumables
    • Pumps
    • Featured Products
  • SAFETY
  • VIDEOS
    • Newscast
    • Drill Talks
    • Ask Brock
    • Emerging Drillers
  • EDUCATION
    • Drilling Business Insights
    • Reference Desk
    • Sponsored Insights
  • SOURCEBOOK
  • EVENTS
    • Conferences & Demo Days
    • Newscast LIVE
  • SUBMIT
    • Drillers @Work
  • ABOUT
    • Contact
    • Advertise
  • SIGN UP