Terex Corporation has announced Q4 2019 net sales of $885.0 million, down 15.6 percent compared to Q4 2018.
Terex Materials Processing (TMP) reported sales of $321.4 million, down 10.2 percent versus Q4 2018 driven by cautious customer sentiment.
However, MP achieved 12 percent operating margins, despite challenging markets. Global MP backlog totalled $295 million and bookings in the quarter were $352 million.
"Our fourth quarter operating results were generally in-line with our expectations on lower revenue and reflect continued challenging global market conditions for industrial equipment," said John L. Garrison, Jr., Terex Chairman and CEO.
Kieran Hegarty, president Terex MP, commented, “The MP team continues to expand its penetration into emerging markets for environmental and mobile crushing and screening equipment.”
Terex sales slide 15.6% in Q4 2019
Published: 19 February 2020 - 6 a.m.
By: PMV Staff