Terex announces third-quarter 2016 results

  • Tuesday, November 1, 2016 4:22pm
  • Business

Terex Corporation, which has a Redmond location, announced third-quarter 2016 income from continuing operations of $33.3 million, or $0.31 per share, on net sales of $1.1 billion.

In the third quarter of 2015, the reported income from continuing operations was $30.3 million, or $0.28 per share, on net sales of $1.3 billion. Excluding after-tax charges of $3.9 million from restructuring and related actions, $5.3 million from divestiture related activities, and certain tax benefits of $22.0 million, income from continuing operations as adjusted for the third quarter of 2016 was $20.5 million, or $0.19 per share.

This compares to income from continuing operations as adjusted of $48.3 million or $0.44 per share in the third quarter of 2015.

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