Terex Corporation has reported fourth quarter 2021 income from continuing operations of USD58.0 million – up from USD14.9 million in the same period last year. Sales rose from USD786.7 million in Q4 2020 to USD990.1 million last year.

For the full year 2021, Terex reported income from continuing operations of USD217.5 million on net sales of USD3.9 billion.

Materials processing continued to demonstrate strong operational performance, delivering operating margins of 13.8% in the quarter. Results for the AWP sector in the fourth quarter 2021 reflected strong global customer demand and strict cost discipline.

"I am proud of the continued resilience demonstrated by Terex team members to manage through a challenging operating environment,” says chairman and CEO John L. Garrison, Jr. “We delivered significantly improved 2021 results and made progress on our Execute, Innovate and Grow strategy.

"Customer demand remains strong for our products and services. The entire organisation remains focused on overcoming supply disruptions to increase production and deliver for our customers,” he adds. “We are confident that Terex is well positioned to drive innovation and growth in 2022."