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IRS Extends 2019 Income Tax Payment Deadline—States Soon to Follow

Best Practices Construction Law

In response to the COVID-19 Coronavirus pandemic, Treasury Secretary Steven Mnuchin announced Tuesday that Americans will have until July 15th to pay their 2019 federal income taxes—and without penalties or interest. No special filing with the IRS is required for this payment extension.

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Navistar Reports $102 M Net Income in Q4

Construction Equipment

Navistar announced fourth quarter 2019 net income of $102 million compared to fourth quarter 2018 net income of $188 million. Navistar reported net income of $221 million for fiscal year 2019, versus net income of $340 million for fiscal year 2018. Adjusted net income for the fourth quarter was $…

Income 64
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Liebherr 2020 Sales Down 12%

Construction Equipment

billion it recorded in 2019. Net income for the year was about $501 million, down from about $726 million in 2019. Family-owned Liebherr Group posted sales of approximately $12.5 billion in 2020, down 12 percent from the approximately $14.2 Net profit was about $8.4 million, down from about $517…

Income 118
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Skanska's construction division records 245% increase in earnings in 2019

Construction Dive

and operating income of $3.8 The Swedish multinational recorded an operating margin of 2.4% billion Swedish krona (U.S. 394 million).

Income 110
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Navistar Income Reaches $156 Million in Q3

Construction Equipment

Navistar International announced third quarter 2019 net income of $156 million compared to Q3 2018 net income of $170 million. Adjusted net income in the quarter grew 55 percent to $147… Third quarter adjusted EBITDA was $266 million, compared to $218 million in the same period one year ago.

Income 56
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Higher-income renters continue to drive what’s getting built and leased in the multifamily sector

BD+C

Starts of buildings with five or more housing units rose from December 2018 through December 2019 by 74.6% to a seasonally adjusted annual rate of 536,000, according to preliminary Census Bureau estimates. At the end of that period, the number of multifamily housing units under construction was up 7.3% to 177,000.

Income 102
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Deere 2020 Sales Down 15%

Construction Equipment

were 9 percent below 2019 figures, registering $35.5 Net income was down 15 percent for the year: $2.8 Fiscal 2020 sales and revenue for Deere & Co. billion compared to $39.3 billion last year. billion versus $3.3 John Deere delivered another quarter of strong performance and a solid…

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