The impact from the oil and gas and resource sector declines continue to constrain global demand for the international crane sector.
Terex announced a 1st quarter loss of $74.2 Mil primarily due restructuring and merger and acquisition activities.
“Our Cranes and Material Handling & Port Solutions (MHPS) segments had a challenging quarter, impacted by soft markets. Our Aerial Work Platforms (AWP), Materials Processing (MP) and Construction segments executed well and delivered results that were consistent with or better than last year, on an adjusted basis.”
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“Our Cranes and Material Handling & Port Solutions (MHPS) segments had a challenging quarter, impacted by soft markets. Our Aerial Work Platforms (AWP), Materials Processing (MP) and Construction segments executed well and delivered results that were consistent with or better than last year, on an adjusted basis.”
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Zoomlion posted a net loss of $101.5mil for the 1st quarter. This brings into question their ability to finance a Terex Corp buy-out
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