Sales grow for Terex work-platform business

News Story
- 2 May 2013 ( #614 ) - Westport, CT, United States
1 min read
Genie GTH-2506 rigid-frame telehandler
Genie GTH-2506 rigid-frame telehandler
Terex Corp reports progress for its lifting equipment while experiencing mixed results in other segments.

"We are encouraged by the performance of our aerial work platform (AWP) business," says Ronald DeFeo, Terex chairman and chief executive officer. The business "continues to reflect the strong end-market dynamics of the rental channel, particularly in North America".

Sales in the AWP segment increased to USD509.1 million for the quarter ended 31 March from the comparable 2012 quarter's USD419.8 million. Gross profit for the segment jumped 23%, and the income from operations climbed 14.2%.

AWP backlog as of 31 March increased 10.3% to USD577.3 million from the comparable 2012 date.

For the corporation's continuing operations, Westport-based Terex reports profit of USD20.5 million on sales of USD1.72 billion for the quarter versus profit of USD20.5 million on sales of USD1.82 billion for the comparable 2012 period. In the recent quarter, Terex absorbed a charge relating to the divestiture of certain road-building assets and a charge involving the material handling and port solutions business.

Within the AWP segment, Terex introduced the Genie-brand GTH-2506 and GTH-4014 rigid-frame telehandlers and the rotating GTH-5021-R at Messe München GmbH's bauma trade fair from 11-17 April in Munich, Germany.
Each machine meets European stage IIIB engine emissions laws and comes with upgrades that can enhance productivity and capability.

In particular, the 2.5 T capacity, 6 m (19.8 ft.) lift height GTH-2506 has a Deutz engine with 55 kW of power, a 10% increase over the previous model. Terex plans to start production of the GTH-2506 later this year.
Dachser invests despite revenue falls
Dachser invests despite revenue falls 28 Mar 2024 - Kempten, Germany - 2 min read
Alta delivers record results
Alta delivers record results 28 Mar 2024 - Livonia, MI, United States - 1 min read
Asian boost for J&T Global Express
Asian boost for J&T Global Express 28 Mar 2024 - Hong Kong - 1 min read
Previously about:
Hyster-Yale, Terex gain in quarter News Story - 8 May 2014 - United States - 3 min read
Terex sees bright times for AWP segment News Story - 13 Dec 2012 - Westport, CT, United States - 2 min read
Movers & Shakers News Story - 25 Oct 2012 - 2 min read
Do you have materials handling news? Submit your news here

PREMIUM business

Ningbo Ruyi Joint Stock Co., Ltd.
Manufacturer of forklifts, power stackers & pallet trucks.

CeMAT Australia is returning to the Melbourne Convention and Exhibition Centre on July 23 - 25, 2024.

Register for free and experience the leading global trade show for intralogistics, materials handling, and supply chain management, and familiarise yourself with the latest technology in your sector!

Register Now! 

Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist - Rocla AGV Solutions

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

You may have noticed your email news edition has undergone a little revamp.

To deliver a more easily digestible and mobile-compatible version of our news edition, we have tweaked some of the formatting and skimmed down the unnecessary extras.

Enjoy the fresh look and happy reading!

The Forkliftaction Team 

Inside The News
Things get a little political this week as we bring big announcements from US President Joe Biden and UK Transport Secretary Mark Harper that will affect the global supply chain industry in different ways... Continue reading

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

PREMIUM business

RAEDER-VOGEL
Innovative high-quality wheels and castors for the forklift industry.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

CeMAT Australia is returning to the Melbourne Convention and Exhibition Centre on July 23 - 25, 2024.

Register for free and experience the leading global trade show for intralogistics, materials handling, and supply chain management, and familiarise yourself with the latest technology in your sector!

Register Now!