Terex Cranes reports big numbers

Net sales in the Terex Cranes segment for the fourth quarter of 2006 increased $153.9 million to $501.8 million from $347.9 million in the fourth quarter of 2005, reflecting improvement in all crane product categories and expansion in Asian markets.

Steve Filipov, president, Terex Cranes, said, “The Terex Cranes segment had a terrific quarter, achieving an operating margin in excess of 10% for the first time in many years. Additionally, revenue growth continued to be robust, increasing over 44% versus the comparable period in the prior year, highlighting the continued increasing global demand for our products and our improving ability to meet this demand. More importantly, operating profit for the quarter grew approximately 102% versus the prior year's results.”