Terex reports strong First Quarter 2024 results; raises full-year outlook
Sales of $1.3 billion increased 5% year-over-year Income from operations of $158 million, up 7% year-over-year Operating profit margin of 12.2% improved 20 bps year-over-year Earnings per share of $1.60 Return on invested capital of 27.6%, up 370 bps from the prior year Raising full-year 2024 EPS outlook to a range of $6.95 to $7.35 Increasing full-year 2024 sales outlook to a range of $5.2 to $5.4 billion Terex Corporation, a global...
Two Raimondi LR273 luffing cranes for landmark development in Toronto
Raimondi luffing cranes are participating in North America largest heritage building retrofit The LR273 cranes are rented to EllisDon, an international leader in the construction services sector for over 70 years This crane model’s advantages include wide swing angles and superior lifting capacity Avenue Building Corporation deployed two Raimondi LR273 luffing jib cranes for the construction of The United Bldg, a historic...
Signode adapts to evolving dairy industry trends
Adding flexibility and load stability to end-of-line packaging process with the Endra™ horizontal strapping system As the dairy industry evolves into a thriving market brimming with diverse options and alternatives, manufacturers are encountering new challenges in the transit packaging process – from upholding stringent food safety standards to adjusting workflows to accommodate expanding product lines, all while keeping costs...
Advance Lifts celebrates its 50th anniversary
Advance Lifts, a North American lift manufacturer of industrial scissor lift tables, is celebrating its 50th anniversary. They are also the number one dock lift manufacturer in North America. Since Advance Lifts’ founding in 1974, the company has serviced all facets of business providing lifts for retail, package handling, air cargo, food processing, material handling, automotive, manufacturing, warehouses, aerospace, construction,...
Autoquip Corporation acquires German Company J.A. Becker Söhne (JAB)
Autoquip Corporation has announced they have acquired J.A. Becker & Söhne of Erlenbach, Germany. The company specializes in highly engineered and heavy-duty lifting technology for OEM production and MRO platforms for commercial vehicles, military & defense, rail cars, and light transit, as well as medium and high-pressure industrial air compressors specially tailored for nitrogen, helium, and natural gas applications. “We are...
The Manitowoc Company announces upcoming change in its Board of Directors
The Manitowoc Company, Inc. has announced that board member John C. Pfeifer has chosen not to stand for reelection to the Company’s Board of Directors; therefore, his term will end at the May 7, 2024, annual meeting of shareholders. First appointed to the Manitowoc board in 2016, as the President and Chief Executive Officer of Oshkosh Corporation Mr. Pfeifer brought expert and deep operational experience and advice from the machinery...
Caldwell celebrates 70 Years
The Caldwell Group Inc. is celebrating 70 years. The below-the-hook and material-handling equipment manufacturer will mark the occasion with a series of events, culminating in a late-summer gala with customers, partners, suppliers, and staff. Founded by Leslie Caldwell in 1954, as a maker of lifting slings, the firm has expanded and moved several times over the decades, now occupying two large manufacturing and warehouse facilities....
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