Terex Corporation reported strong second quarter 2018 sales of $1.4 billion, up 19 percent versus Q2 of 2017, with increased sales and backlog in all three business segments. The results were driven by continued implementation of the company’s Execute to Win business strategy and its focus on meeting the growing needs of customers during a period of broad-based growth.
The materials processing business segment was a strong contributor to the overall company results with sales of $319 million that were 14 percent higher than last year. The growth was driven by consistent execution and increasing global demand for materials processing products driven by broad based economic growth and construction activity. Backlog for the segment at the end of Q2 was $393 million, up 75 percent versus last year.
Published in the September 2018 Edition
