Tag: Ron DeFeo

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

Terex to sell truck business to Volvo CE

Terex announced on Monday that it plans to sell its truck business to Volvo Construction Equipment for approximately $160 million. The transaction, which is expected to close in the first half of 2014, will provide Volvo with off-highway rigid and articulated haul trucks. Terex’s Motherwell, Scotland manufacturing facility is included in the transaction. Terex Chairman […]

December 10, 2013

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

IPAF hosts IAPAs and Summit conference in Florida

The International Awards for Powered Access (IAPAs) and the IPAF Summit conference will be held on March 26, 2013, at the Hilton Miami Downtown Hotel, Florida. The IAPAs and IPAF Summit, which will take place in the United States for the first time this year, will include several events March 25-27. On March 25, IPAF […]

August 1, 2012

Terex releases second quarter 2012 results

Terex announced the company’s second quarter 2012 results on July 25. Income from continuing operations for the second quarter was $83.6 million, or $0.75 per share, compared to the second quarter of 2011, which saw income from continuing operations of $0.9 million, or $0.01 per share. Net sales in the second quarter of 2012 were […]

July 26, 2012

Terex 1Q sales increase 16% over 2011

Terex announced first quarter net sales of $1,819.4 million, an increase of 44.8% from $1,256.2 million in the first quarter of 2011. Excluding the impact of the acquisition of Demag Cranes, net sales increased approximately 16% from the comparable prior year period. “We are pleased that 2012 is developing as planned,” stated Ron DeFeo, Terex […]

April 26, 2012

CONEXPO/CONAGG 2011

CONEXPO-CON/AGG What it means to you and the future of the industry Staff Reports With a backdrop of 20-percent construction unemployment and two years of abysmal machine sales, the tri-annual heavy equipment trade show CONEXPO-CON/AGG opened on March 22nd, in Las Vegas – ground zero in the housing bust and a town still reeling from […]

May 4, 2011

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