Terexs T 110 telescopic truck crane.
Despite a sales decrease of 10 percent from the same period last year, Terex Corporation reports that the company sees encouraging signs in its first quarter earnings moving forward.
For the first quarter, Terex reported net sales of $1 billion, down from 1Q 2016 sales of $1.1 billion. The company reports a loss from continuing operations of $60.3 million for the quarter, down even further from the $22 million lost in 1Q 2016.
However, when factoring in the money saved from Terexs streamlined corporate structure, the quarter looks very different.
Over the last two years, Terex has sold off all of its earthmoving products to various manufacturers and now serves only three segm…
Read the full article at: http://www.equipmentworld.com/terex-encouraged-by-early-impact-of-restructuring-as-sales-decrease-10-in-1q/