Terex Aerial Work Platforms, a unit of Terex Corp., saw 1Q sales drop 29.7 percent compared to the same period in 2019, to $511.7 million. Terex AWP includes Genie and Terex Utilities brands.
Terex Corp. reported 1Q sales of $833.6 million, down 24 percent from $1.1 billion a year ago.
“Production was quickly reduced in our global facilities due to customer demand and local government mandates,” said Matt Fearon, President of Terex AWP, in a prepared statement. “We are beginning to gradually and safely resume operations in response to customer demand and as permitted by government mandate."
Source: Genie
