Industry: Materials Manufacturing
Fortune Rank: 402
Terex Corporation engages in the manufacture and sale of a range of equipment for use in various industries, including construction, infrastructure, quarrying, recycling, surface mining, shipping, transportation, refining, and utility and maintenance industries worldwide. It operates through five segments: Terex Construction (TC); Terex Cranes; Terex Aerial Work Platforms (TAW); Terex Mining (TM); and Terex Roadbuilding, Utility Products, and Other (TRUP). The TC segment designs, manufactures and markets heavy construction equipment, including off-highway trucks and scrapers; compact equipment, including loader backhoes, compaction equipment, mini and midi excavators, loading machines, site dumpers, telehandlers, and wheel loaders; and mobile crushing and screening equipment, including jaw crushers, cone crushers, washing screens, and trommels. The Terex Cranes segment manufactures and markets mobile telescopic cranes, tower cranes, lattice boom crawler cranes, truck mounted cranes, and telescopic container stackers, as well as their related replacements parts and components. The TAW segment offers aerial work platform equipment and telehandlers. Its products include material lifts, portable aerial work platforms, trailer mounted booms, articulating booms, stick booms, scissor lifts, telehandlers, and related components and replacement parts. The TM segment offers hydraulic excavators and surface mining trucks. The TRUP segment manufactures and markets fixed installation crushing and screening equipment, asphalt and concrete equipment, utility equipment, light construction equipment, construction trailers, and on/off road heavy-duty vehicles, as well as related components and replacement parts. In addition, the company leases and rents heavy equipment, as well as offers a line of financial products and services. It distributes its products through a network of dealers, major accounts, and direct sales force. Terex is based in Westport, Connecticut.
Terex Corporation achieved revenue of $5,205.00 million in 2010 but posted a loss of $-398.40 million.
Terex Corporation's rank changes
The company's ranking in 2010 was a decline from 2009 when it was ranked 275th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $9,890 million (a change of -4 million compared to 2010) and profits of $72 million (a change of -470 million compared to 2010).
Another point of view
To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Terex Corporation would be ranked 445th rather than 402nd due to the fact it made a loss of $-398 million in 2010.
|Terex Corporation||Revenue*||Profit*||Fortune Ranking|
* US$ Million
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