Terex Corporation reported full year 2000 net income of $95.1 million, or $3.41 per share, compared to 1999 net income of $172.9 million, or $6.75 per share. Results for 2000 include special items that in the aggregate amounted to a net of $0.59 per share, and results for 1999 include special items that in the aggregate amounted to a net of $2.59 per share. Net sales in 2000 reached a record $2,068.7 million, up $212.1 million or 11.4% over 1999. On a comparable tax basis with 2000 and excluding special items, earnings per share in 2000 were $2.82, compared to earnings per share in 1999 of $3.15. Excluding special items, Terex reported earnings per share of $4.16 in 1999.
Fourth quarter reported net loss was ($0.7) million, or ($0.03) per share. Excluding the impact of special items, fourth quarter net income reached $15.1 million, or $0.55 per share. Net sales for the fourth quarter were $446.6 million, compared to $489.6 million in last year’s fourth quarter.
