Terex Net Sales Down 4.7 Percent

Nov. 1, 2019

Terex Corporation’s Q3 net sales reached $1.0 billion, down 6.8 percent versus the third quarter of 2018. Global sales declined 4.7 percent compared to the third quarter of 2018. 

The Terex AWP business segment reported net sales of $628 million, down 13.9 percent versus Q3 2018, or 12.5 percent excluding the impact of foreign exchange rates. Global Terex AWP backlog totaled $494 million and bookings in the quarter were $367 million.

“Our global team continues to focus on creating a ‘Zero Harm’ safety culture, delivering value to our customers and implementing our strategy,” stated John L. Garrison, Terex Chairman and CEO. “Looking at the global market environment, it has become clear that we are in a softening environment for industrial equipment, which is putting pressure on our global sales and booking levels.”

Source: Terex