Terex revenues top $5 billion
Terex has announced a short delay in posting its full year 2018 results, but says that it will have revenues of $5.1 billion a 15 percent increase on 2017. No breakdowns have been given, but we will report on the Genie and Terex Cranes numbers when they are released next week.
The full statement is as follows:
Terex will delay its fourth quarter and year end 2018 financial results conference call to Tuesday, February 26, at 8:30 Eastern Time for non-regulatory, non-accounting related reasons. Pending finalisation, Terex expects to announce income from continuing operations of $111.3 million, or $1.45 per share, on net sales of $5.1 billion. These 2018 results include a one time, non cash charge of $67 million related to the annuitisation of the company’s U.S. pension plan in the fourth quarter. Income from continuing operations, as adjusted, for the full year 2018 is expected to be $208.6 million, or $2.71 per share.”