Terex and Manitowoc Under Analytical Scrutiny - Farm and Construction Machinery Mixed Along With World Economy
27 Novembre 2012 - 2:00PM
Marketwired
Companies in the farm and construction machinery industry, such as
Terex and Manitowoc, are seeing some positive tailwinds. However,
potential challenges remain. Globally, demand for agriculture and
infrastructure equipment is on the rise but the volatile state of
the world economy could temper future growth for the industry in
the near future.
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The European recession has dampened demand from the area and has
been creating a drag on revenues for many industry players. On the
other hand, the U.S. was a boon to many in the most recent quarter.
Manitowoc recently reported 2012 fiscal second quarter earnings of
17 cents per share, down 5.5 percent over last year. However, total
sales rose 2.2 percent on the back of high growth in the American
crane segment. See what our analysts have to say on Manitowoc.
Follow the Link below
http://www.wallstreetactive.com/MTW27November12.pdf
Meanwhile, Terex seems focused on strengthening its balance
sheet, having recently announced the pricing of $850 million senior
notes in a new offering. The offering is expected to be complete by
November 26th with the proceeds intended to be used to purchase
outstanding senior subordinated notes and for general corporate
purposes. Analyst opinion on Terex accessible for free at
http://www.wallstreetactive.com/TEX27November12.pdf
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