Capital equipment specialist Terex (NYSE: TEX) posted fourth-quarter and full-year 2016 results this week. As expected, earnings were hurt by weak industry demand and huge charges tied to its restructuring initiatives. Yet the company made important progress toward simplifying its portfolio and lowering its cost structure so that it has a good shot to return to profitability in 2017.
Here’s a look at how the headline results compare against the prior year:
|
Metric |
Q4 2016 |
Q4 2015 |
Year-Over-Year Change |
|---|---|---|---|
|
Sales |
$975 million |
$1.17 billion |
(17%) |
|
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