Terex Corporation announced income from continuing operations for the third quarter of 2011 of $36.9 million compared to a loss from continuing operations of $90.9 million in the third quarter of 2010. Excluding the sale of shares of Bucyrus International, Inc. common stock, acquisition related items and certain other items in both periods, income from continuing operations would have been approximately $33 million in the third quarter of 2011 compared to a loss from continuing operations of approximately $35 million in the third quarter of 2010.

Net sales for the construction segment for the third quarter of 2011 increased $110.7 million, or 38.9%, to $395.4 million versus the third quarter of 2010. Adjusting for the translation effect of foreign currency exchange rate changes, net sales increased approximately 31% from the comparable prior year period. The improvement in net sales was driven by strong demand for backhoe loaders in Russia, compact equipment in central Europe and trucks in developing markets including Russia and South Africa.  Demand for material handlers continued to increase especially in central Europe, the segment’s largest market for this type of machinery. Slow demand for road building products in North America continued due to weak highway infrastructure spending.
 
The press release notes the company’s construction segment benefited from strong demand for material handlers, compact equipment and backhoe loaders, but supplier disruptions and higher input costs are still impacting construction businesses.