Terex almost doubles Q3

Net sales at Terex Cranes for Q3 2006 increased 48%, to $429.0 million from $289.0 million in the third quarter of 2005.

“The Terex Cranes segment had another excellent quarter, considering this seasonally slow period with reduced production levels at our European operations. Revenue growth of over 48% versus the prior year's results shows that we are continuing to ramp up production, but that challenges still remain,” commented Steve Filipov, Terex Cranes president.

“More importantly, operating profit more than tripled over the prior year's results. The performance improvements continued to come from all businesses, with all product lines contributing significantly.

Filipov continued, “Our backlog continues to climb, which is a positive sign of the demand for our crane products. However, customers need our products now, so we continue to concentrate on improvements in our manufacturing and component supply in order to improve our production rates.”