• Terex Corporation Q1 Sales $1.3 billion, +25% vs. 2017, growth in every segment
• Terex Corporation backlog $2.0 billion, +54% vs. 2017
• Terex Materials Processing Segment Q1 Sales $303 million, +22% vs. 2017
• Terex Materials Processing Segment backlog $428 million, +77% vs. 2017
Following Terex Corporationʼs release of its first quarter 2018 results, Terex Materials Processing (MP) is pleased to share these, along with its segment-specific results.
Terex Corporation (NYSE: TEX) reported a strong start to 2018 with first quarter 2018 sales of $1.3 billion, up 25% versus Q1 of 2017. The growth reflects the improvements made to the companyʼs operations and broad-based growth across its global markets.
The Materials Processing business segment was a strong contributor to the overall company results with sales of $303 million that were 22% higher than last year. The growth was driven by solid global demand for crushing and screening products, Fuchs® material handers and environmental equipment. Backlog for the business segment at the end of Q1 was $428 million, up 77% versus last year, indicating positive momentum for the remainder of the year.
“Overall, we had a strong start to the year. Our backlog is up significantly in every segment and our global markets are improving” remarked John L. Garrison, Terex President and CEO. “We will continue to execute our Transformation program by simplifying the company and building capabilities designed to enable us to serve our customers better and faster than the competition.”
Kieran Hegarty, President Terex MP commented, “We expect global demand for Crushing and Screening equipment to continue to grow, primarily driven by construction activity and aggregate consumption. Our Fuchs material handlers and broad line of Environmental products are also continuing to grow in improving global markets. Weʼre investing in new products and strengthening our distribution channels to meet the strong demand and help our customers to succeed.”
For more information on Terex Corporationʼs first quarter 2018 results, visit https://investors.terex.com/investor-relations/press-releases/press-release-details/2018/Terex-Announces-First-Quarter-2018-Results/default.aspx
For more information about Terex MP products and services, visit: www.terex.com/en/materials-processing .