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“We continue to see strong global demand for our products. We increased sales, bookings, and backlog in the quarter,” said John L. Garrison, Terex chairman and CEO. “We continue to implement our Execute to Win priorities. We are seeing benefits from our Commercial Excellence initiative positively impact customer experiences and our market performance. At the same time, we are executing plans in Strategic Sourcing and Lifecycle Solutions that are designed to significantly improve future performance.”
Terex Materials Processing’s quarrying equipment brands
Kieran Hegarty, president Terex Materials Processing, said: “Materials Processing is a high- performing segment that consistently meets the needs of its global customers. Our businesses continue to focus on introducing new products and enhancements designed to address specific customer needs. We see the benefits in our increased sales, bookings and backlog. With 72% higher backlog, we look forward to a strong fourth quarter and expect to hit the ground running in 2019.”
Terex Corporation as a whole reported Q3 2018 sales of $1.2 billion, up 11% versus Q3 of 2017.