In its first quarter financial report, Terex Corp., Westport, CT, announced income from continuing operations of $20.5 million, or $0.18 per share, for the first quarter of 2012, as compared to income from continuing operations of $5.0 million, or $0.04 per share, for the first quarter of 2011.
Net sales were $1.8 billion in the first quarter of 2012, an increase of 44.8 percent from $1.26 billion in the first quarter of 2011. Excluding the impact of the acquisition of Demag Cranes AG, net sales increased approximately 16 percent from the comparable prior year period. Income from operations was $63.8 million in the first quarter of 2012, an improvement of $73.1 million when compared to a loss from operations of $9.3 million in the first quarter of 2011.
