Terex’s fourth quarter 2019 net sales were $1.2 billion, up 16 percent versus Q4 2017 net sales of $1.1 billion. For full year 2018, Terex also reported net sales of $5.1 billion, an increase of 18 percent versus net sales of $4.4 billion in 2017. Terex also announced its agreement to sell its Demag Mobile Cranes business and a decision to exit its mobile crane product lines.
“Overall, our global team executed well in the fourth quarter, completing a strong year for Terex,” John L. Garrison, chairman and CEO, said in a press release. “We continued to implement the Focus, Simplify and Execute to Win elements of our strategy and made significant progress in our Commercial Excellence, Lifecycle Solutions and Strategic Sourcing priority areas. We also continued investing to improve the experiences of our customers and grow our businesses.
The Terex materials processing segment delivered a strong performance with Q4 net sales of $340 million that were 20 percent higher than last year, and full year 2018 net sales of $1.3 billion, an increase of 17 percent. Growth was driven by global demand for crushing and screening products, material handlers, and environmental equipment.
Sales for the Terex Cranes segment grew 12 percent compared to 2017 to $365 million. For the full year, the Cranes segment achieved net sales of $1.3 billion, growing 10 percent versus last year.
Source: Terex
