LONDON -- (Marketwire) -- 11/27/12 -- 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
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
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