Terex Continues to Evolve; Resegmentation Complete but More Work Remains
After the previously announced divestiture of its Demag mobile crane business, Terex reported its first quarter with only two manufacturing segments--aerial work platforms (AWP) and materials processing (MP). Terex, once widely known as a crane company, no longer has a reportable crane segment. Approximately $275 million in revenue from its former crane segment, which includes tower and rough terrain cranes, is now included with its corporate segment, complicating our analysis. After liberal use...Terex is a global manufacturer of aerial work platforms, materials processing machinery and cranes. The company has two segments: Aerial Work Platforms, which designs, manufactures, services and markets aerial work platform equipment, utility equipment, telehandlers and light towers, including portable material lifts, self-propelled articulating and telescopic booms, scissor lifts, and trailer-mounted light towers as well as, their related components and replacement parts; and Material Processing, which designs, manufactures and markets materials processing and other equipment, including crushers, washing systems, apron feeders, conveyors, and their related components and replacement parts.
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