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Tag: Terex
Construction Equipment
Terex sales fall 25% in Q3
Terex reported third quarter 2020 net sales of $765.6 million, compared with $1.02 billion during the same period last year, a decrease of 25% . Through Sept. 30, 2020 net sales were $2.289 billion, compared with $3.468 billion during the same period in 2019, a 34% decrease. Net sales in the company’s Aerial Work Platforms […]
October 28, 2020
Dealers
Terex Q2 sales drop 47%
Terex net Q2 sales dropped to $690.5 million, compared to $1.3 billion for the same quarter in 2019—a decrease of 47 percent. “While the COVID-19 pandemic continues, global economic activity has gradually recovered but remains below pre-COVID-19 levels,” says John L. Garrison, Jr., Terex chairman and CEO. “In response to lower customer demand, we are […]
August 5, 2020
Construction Equipment
Fearon departs Terex, Garrison assumes AWP segment role
John L. Garrison, Jr., chairman and CEO, Terex will assume leadership of Terex Aerial Work Platforms following the Aug. 1 departure of Matt Fearon, the current AWP president. A 25-year veteran of Terex and its Genie brand, Fearon served in several roles, including vice president of operations and general manager of the company’s Americas division. […]
June 10, 2020
Dealers
Which construction equipment makers are offering deals and coronavirus loan relief?
Can shell-shocked contractors be prompted to buy in these uncertain times? The financing challenge is actually two-fold, says David Sutton, president, Kubota Credit. “We want to help the dealers attract and incent customers to buy and we want to make sure the customers we have are comfortable with their current loans.” “We’ve taken very proactive […]
April 20, 2020
Business
Terex: “We are shipping equipment,” as some plants suspend operations due to coronavirus
While some Terex plants remain open in the wake of the COVID-19 coronavirus outbreak, others are closed until dates in April, according to the company. “We are shipping equipment,” Terex says. “Parts operations, parts fabrication, service centers, logistics and shipping operations are running. “We remain well-positioned to serve customers through a number of channels,” the […]
March 27, 2020
Construction Equipment
Terex sales fall 15.6 % in 4Q; down 3.6 % for 2019
Terex says its 4Q 2019 net sales of $885.0 million were down 15.6 percent versus the 4Q 2018. For the full year, net sales were $4,353.1 million, compared to $4,517.2 million in 2018, a decrease of 3.6 percent. “Our fourth quarter operating results were generally in-line with our expectations on lower revenue and reflect continued […]
February 19, 2020
ConExpo-Con/Agg
Genie Lift Connect telematics to be on display at ConExpo 2020 booth
Genie Lift Connect telematics is available as a standard feature with a three-year subscription on all new Genie scissor, boom and telehandler purchases. The system will be on display at the Terex/Genie ConExpo 2020 booth in the Festival Grounds, F-7376. (You can see more of what OEMs have in store for ConExpo 2020 in our […]
January 14, 2020
Construction Equipment
Genie updates entire GS scissor lift line ahead of new ANSI standards
In preparation for new standards for aerial lifts that take effect in December, Genie has unveiled two new scissor lift models for the U.S. market, along with upgrades to its full line of GS slab scissors. During a press event September 17 at its headquarters in Redmond, Washington, the company announced that it will add […]
September 26, 2019
Home
ConExpo-Con/Agg 2020 announces Tech Experience, transportation logistics
Last time, it featured a 3D-printed compact excavator. This time, the ConExpo-Con/Agg Tech Experience emphasis will be on smart cities. The goal for the 2020 show is give contractors a vision of how technology “will impact their current work, how the expectations and demands of customers will change and how the current state of infrastructure […]
August 28, 2019
Dealers
Bidadoo reports 50% growth in its online equipment auctions
Bidadoo, an online construction equipment auction firm, reports a 50 percent increase in sales growth for the first half of 2019 when compared to the same period last year. Part of the growth has come from an increase in construction equipment manufacturers and rental companies using the online auction service to sell equipment coming off […]
August 5, 2019
Construction Equipment
Yanmar buys ASV for $70.7 million, will bolster product lineup with “virtually no overlap in distribution networks”
Yanmar says its acquisition of ASV Holdings will strengthen its product lineup as well as its company growth and expansion. More details on Equipment World.
June 27, 2019
Dealers
Equipment Roundup: Cat launches Global Operator Challenge; Prinoth unveils Panther T7R crawler carrier; Hitachi intros new mining excavators; Potain MDT 809 Manitowoc’s largest topless crane; Terex sells boom trucks, truck cranes to Load King
Terex sells equipment to Load King, new Potain MDT 809 topless crane, and Hitachi intros new EX2600-7 and EX5600-7 mining excavators. More here.
April 29, 2019
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