Terex Corporation’s strong start to 2018

Terex Corporation made a strong start to 2018 with Q1 sales of $1.3 billion, up 25% on the same period of last year. The growth is said to reflect the improvements made to the company’s operations and broad-based growth across its global markets. The Materials Processing business segment – which includes the Powerscreen, Terex Finlay, Terex Minerals Processing Systems, EvoQuip, Terex Washing Systems and Fuchs brands - was a strong contributor to overall company results with sales of $303 million -22%
May 2, 2018 Read time: 2 mins

3652 Terex Corporation made a strong start to 2018 with Q1 sales of $1.3 billion, up 25% on the same period of last year. The growth is said to reflect the improvements made to the company’s operations and broad-based growth across its global markets.

The Materials Processing business segment – which includes the Powerscreen, Terex Finlay, Terex Minerals Processing Systems, EvoQuip, Terex Washing Systems and Fuchs brands - was a strong contributor to overall company results with sales of $303 million -22% higher than last year. The growth was driven by solid global demand for crushing and screening products, Fuchs material handers and environmental equipment. Backlog for the business segment at the end of Q1 was $428 million, up 77% versus last year, indicating positive momentum for the remainder of the year.

“Overall, we had a strong start to the year. Our backlog is up significantly in every segment and our global markets are improving” remarked John L. Garrison, Terex president and CEO. “We will continue to execute our Transformation program by simplifying the company
and building capabilities designed to enable us to serve our customers better and faster than the competition.”

Kieran Hegarty, president of Terex Materials Processing, said: “We expect global demand for Crushing and Screening equipment to continue to grow, primarily driven by construction activity and aggregate consumption. Our Fuchs material handlers and broad line of Environmental products are also continuing to grow in improving global markets. We’re investing in new products and strengthening our distribution channels to meet the strong demand and help our customers to succeed.”

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