Terex Corporation (Terex) is a diversified global manufacturer of capital equipment focused on delivering reliable, customer relevant solutions for the construction, infrastructure, quarrying, surface mining, shipping, transportation, refining and utility industries. The Company operates in five segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, Terex Materials Processing & Mining and Terex Roadbuilding, Utility Products and Other. On March 3, 2008, the Company completed the acquisition of ASV Inc. In July 2009, Terex completed the acquisition of the port equipment businesses of Fantuzzi Industries S.a.r.l and Noell Crane.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Terex Corporation's revenues decreased 51% to $3.85B. Net loss totaled $255.6M vs. an income of $493.4M. Revenues reflect a decrease in sales from Carnes segment, Terex Materials Processing & mining segment and Terex RBUO segment. Net loss also reflect decreased interest income and the presence of loss on early extinguishment of debt. The Company is engaged in manufacturing of capital equipment.