|
77%
agree
31 votes
|
China needs cranes |
|
100%
agree
3 votes
|
Positioned to benefit from growing infrastructure and commodity demand in emerging markets |
|
75%
agree
4 votes
|
Strong backlog of orders |
|
55%
agree
9 votes
|
Lots of acquisitions to be digested |
|
25%
agree
4 votes
|
Highly cyclical business |
|
30%
agree
10 votes
|
Dependent on revenue from cherry-pickers used in home constructions |
May 19, 2013
Terex (NYSE: TEX) manufactures equipment for the construction and mining industries. Construction firms such as Fluor (FLR) and Foster Wheeler (FWLT) buy Terex's cranes, backhoes, excavators, and other related equipment to use in residential and commercial development. Terex also manufactures drilling and crushing equipment, as well as high capacity hauling trucks for use by mining companies like Freeport-McMoRan Copper & Gold (FCX) and Southern Peru Copper (PCU).
Demand for Terex's products depends largely on Commodities Prices and global economic growth. When commodities prices increase, Terex benefits from increased demand for its products from the companies that produce commodities. Similarly, when the global economy is expanding, Terex earns more contracts for infrastructure development.
(Read more at Wikinvest
) - Business Overview
- Business Segments
- Aerial Work Platforms (21% of 2009 Revenues)
- Construction (24% of 2009 Revenues)
- Cranes (49% of 2009 Revenues)
- Materials Processing and Mining (9% of 2009 Revenues)
- Key Trends and Forces
- Global spending on infrastructure will impact Terex's sales growth
- Commodities Prices influence demand for the mining equipment that Terex sells
- Demand for Commercial and Residential Construction can affect Terex's revenue and income
- Competition
- References
