Terex sales up 19%

Second quarter 2018 income from continuing operations was $55.9 million, or $0.73 per share, on net sales of $1.4 billion. In the second quarter of 2017, the reported income from continuing operations was $95.4 million, or $0.98 per share, on net sales of $1.2 billion.

Income from continuing operations, as adjusted, for the second quarter of 2018 was $74.9 million, or $0.98 per share. This compares to income from continuing operations, as adjusted, of $49.6 million or $0.51 per share in the second quarter of 2017. Read more

Hiab expands

Over the last two years, Hiab has been expanding its loader cranes portfolio, most recently renewing its light range cranes in May this year.

The acquisition of Effer, which has an enterprise value of EUR 50 million (A$78.83 million), will complement Hiab’s loader cranes range and expand the company’s selection of heavy cranes, particularly in the >100tm segment, which Effer is known for. Read more