The hottest Terex was announced in the second quar

2022-08-24
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Terex (Terex) announced the results of the second quarter of 2013

Terex (Terex) announced the results of the second quarter of 2013

China Construction machinery information

Guide: on July 24, 2013, the Terex group in Westport, Connecticut (CT) issued an announcement today that, compared with the continuous operating income of $83.6 million in the second quarter of 2012, Revenue from continuing operations fell to $21.3 million in the second quarter of 2013

on July 24, 2013, Westport, Connecticut (CT) - Terex group announced today that its revenue from continuing operations fell to $21.3 million in the second quarter of 2013, compared with $83.6 million in the second quarter of 2012. Excluding the after tax impact of a series of items such as restructuring and related expenses of about $54.1 million, debt repayment related costs of $3.5 million, and the withdrawal and reversal of redeemable non controlling interests of $3.1 million, the adjusted income from continuing operations in the second quarter of 2013 was $75.8 million, making the line simply equivalent to $0.65 per share. More details of the above items are listed in the list at the end of this article. During the second quarter of 2012, some projects did not have a significant impact on the income from continuing operations on the whole

the net sales in the second quarter of 2013 was US $1908.2 million, down 5.1% from the same period last year (US $2.011 billion). Operating income in the second quarter of 2013 was $85.3 million, down $89.7 million from $175 million in the second quarter of 2012. Excluding the pre tax impact of restructuring and related expenses of about $65million, the adjusted operating income in the second quarter of 2013 was $150.3 million

unless otherwise stated, all results are the results of continuing operations. All amounts per share are fully diluted results. A comprehensive review of the financial position of the second quarter will be announced during the company's meeting as part of the presentation report

"as we announced in mid June, the market performance is generally weaker than our initial prediction for 2013," said Ron Defeo, chairman and CEO of Terex group, "The revenue of the company's business segments such as cranes, construction machinery, material handling and port solutions (MHPs) was lower than expected, so the business performance in the second quarter also showed a generally sluggish order environment. However, our group's aerial work platform (AWP) The business performance is still outstanding, and the material handling business under adverse environment has also achieved remarkable operational results. In terms of the overall layout of geographical divisions, the business in North America is still on the rise, but the increase has slowed down. The business development in Europe still faces many difficulties, especially for our crane, construction machinery, material handling and port solutions business division, and the market performance in other parts of the world is also different and volatile. "

Mr. Defeo further added: "Therefore, the situation is consistent with the previous forecast results. In the second quarter, we took a number of forward-looking measures to further adjust the cost structure of business organizations such as material handling and port solutions, cranes, construction machinery, etc. Although the implementation of the above measures is not easy, the benefits it creates for the company's shareholders are expected to have a significant positive impact on our future business performance, especially in 2014 and beyond. With As the operating revenue generated by the reserve orders of material handling and port solutions business began to rise, the company expects that this business segment will achieve more eye-catching performance in the second half of 2013. The above measures not only make us confident in implementing the improvement plan in the short term, but also a necessary way for us to achieve our long-term business goals

Outlook: the overall expectation of the company's financial situation in fiscal year 2013 is consistent with the standard guidelines issued on June 17, 2013 by chenhaijun, deputy general manager of IOT business division of business Mu soft holdings branch, Mr. Defeo added: "Terex will continue to improve the company's profits and strictly control the pricing and operating costs. We focus on more thorough integration of our business systems, so that we constantly ask not to open the door to generate free cash flow. We reset the company's earnings per share in 2013 between $1.90 and $2.10 per share. Excluding restructuring and other special projects, the predicted amount of net sales is between $7.5 billion and $7.7 billion Between. "

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