Terex Posts Strong Fourth-Quarter Results, Showing Demand Remains Solid Across Its End Markets

Terex reported strong results across the board, as demand in its aerial platforms and materials processing businesses continued to strengthen. Terex’s aerial business grew by 26% year on year, while materials processing increased 21% year on year. Supply chains continued to pressure the company throughout the fourth quarter, but management effectively managed price/cost, leading to strong margin performance in both of its segments. Operating margins in the aerial business expanded 320 basis points to 8%, while the materials processing segment improved 200 basis points to 15.8%.