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Tag: Terex Corp.
Dealers
Terex ups 2018 outlook as all three machine units see sales increases in 1Q
Terex Corporation, makers of cranes and Genie brand aerial work platforms (AWP), has released its first quarter 2018 earnings and reports that it has seen the momentum it slowly amassed during 2017 carry over into the new year. The company reported 1Q income from continuing operations of $47.6 million, or $0.59 per share, on sales […]
May 2, 2018
Construction Equipment
Equipment makers: Trump should back away from tariffs; create manufacturing jobs – not risk them
The equipment manufacturing industry “is profoundly disappointed at President Trump’s actions” on Thursday to advance import tariffs on steel and aluminum, says Dennis Slater, president of the Association of Equipment Manufacturers. Trump initially exempted Canada and Mexico from the import tariffs, which are take effect in two weeks. He cited “national security” in two […]
March 9, 2018
Construction Equipment
Terex posts profit for 2017 despite flat sales
Despite a fourth quarter loss, things appear to be looking up for Terex as the company finished 2017 with a positive net income. In its Q4/FY2017 earnings, the company reports income from continuing operations of $60 million for the full year on sales of $4.4 billion. The 2017 results are quite the turnaround from 2016 […]
February 26, 2018
Dealers
Sales down, profit up at Terex following 2Q sales of construction, MHPS segments
Along with a report of a 10-percent decrease in net sales for the second quarter, Terex released its 2016 outlook, updated based on its new, more streamlined corporate structure following the sale of two of the company’s equipment segments. Terex announced net sales of $1.3 billion for Q2 and a 44-percent increase in profit to $110 million. […]
August 4, 2016
Roadbuilding
Cummins Power Generation buys Terex Generator Set assets
Cummins Power Generation announced the purchase of the generator set assets of Westport, Ct.-based Terex Corp. The agreement, effective Jan. 22 but publicly announced on March 31, increases Cummins Power Generation’s rental business capabilities through expanded production operations in its Fridley, Minn., facility. “Cummins Power Generation and Terex Corporation have had a long-standing relationship,” said […]
April 12, 2010
Roadbuilding
Terex Corp. divesting Atlas Heavy Construction Equipment
Terex Corp. announced that it has entered into an agreement to divest the Terex Atlas heavy construction equipment, which is located in Ganderkesee, Germany, and knuckle-boom crane and related components businesses, which have operations in Vechta and Delmenhorst, Germany. Also included as part of this transaction are the sales and service business located in Bradford, […]
March 11, 2010
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