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Tag: Terex Ron DeFeo
Business
Aerial Work Platform sales propel Terex to profit in 1Q
Despite flat sales, Terex announced increased first quarter earnings thanks to the continued success of its Aerial Work Platform segment. Net sales were at $1.6 billion for the quarter, unchanged from the first quarter of 2013. Profit increased 69 percent to $32.6 million, or 28 cents per share. “We remain encouraged by the performance of […]
May 9, 2014
Business
Despite increase in 3Q operating income, Terex edges down outlook after slight decrease in sales
Following a rough second quarter, Terex announced today that despite a decrease in net sales over the same period last year, it saw improvement in operating income in the third quarter. Terex reported net sales of $1.810.6 billion in the third quarter, down 0.6 percent from $1.822.0 billion in the third quarter of 2012. Operating income […]
October 24, 2013
Business
Despite growth in AWP and cranes, Terex cuts outlook after 2Q operating income falls 51%
Citing a “softened” marketplace compared to what the company originally expected for 2013, Terex Corporation announced year-over-year declines in both net sales and operating income for the second quarter and has cut its outlook for the rest of the year. Net sales for the equipment maker were $1.9 billion in the second quarter, down 5.1 […]
July 29, 2013
Business
Terex CEO discusses roadbuilding sale at Bauma, says company “not looking to be another Cat or Volvo”
Today at Bauma, Terex Chairman and CEO Ron DeFeo gave the press a briefing on where the company currently stands and where it wants to go in the future. While the company was built on acquisitions in the past—most recently Demag cranes in Germany—DeFeo said that he’s not at the show on a shopping expedition. Asked […]
April 17, 2013
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