Terex Corp. ends 2022 with $4.1B backlog
Equipment manufacturer Terex Corporation posted an increase in total backlog orders in 2022 as demand held steady across its aerial work platform and material processing segments. The company reported a record $2.9 billion backlog for their aerial work platforms (AWP) to
Cat Financial revenues jump despite drop in new business volume
Cat Financial, the finance subsidiary of equipment manufacturer Caterpillar, posted increased revenues despite declining new business volume thanks to favorable interest rates. For the full year, Cat Financial posted $11.4 billion in originations, a decline of 13.3% from 2021, according to
PACCAR Financial Services profits soar in Q4
PACCAR Financial Services, the finance arm of truck manufacturer PACCAR, posted record profits driven by elevated prices and used-truck sales. PFS’ new business volume clocked in at $6.2 billion for the full year 2022, according to the Q4 earnings release. Growth
Alta Equipment Group revenue surpasses $1B
Alta Equipment Group year-to-date revenue surpassed $1 billion in the third quarter, matching its revenue for the full year 2021. Construction segment revenue clocked in at $249.7 million, up 35.7% YoY from $184.7 million, according to the company’s Q3 earning’s presentation
