2024 shared characteristics with recent years – specifically its wide range of highs and lows. And, just like in past years, producers and manufacturers came out ahead.
L&H Industrial, for instance, says it finished 2024 strong.
“This milestone year saw significant growth in monitoring and controls, as well as notable expansion in the repair, replacement and upgrade of crushing wear and spares,” Weaver says. “Overall, 2024 was a strong year for L&H Industrial, meeting or exceeding expectations in several key areas of performance.”
Terex MPS came into this year cautiously optimistic. Though the numerous factors at play throughout 2024 created some uncertainty, the company came out of the year positively.
“Coming into 2024, expectations for Terex MPS (Canica, Cedarapids and Simplicity) included focusing on maintaining growth through new product offerings, market expansion and improving operational efficiency,” Burns says. “Terex MPS has largely met these expectations, with steady sales in key sectors and regions.
“The continuing recovery in infrastructure projects, combined with increased demand for aggregates, has helped drive sales of Terex MPS crushing and screening products,” Burns adds. “The competitive landscape has made it necessary for Terex MPS to maintain strong relationships with distributors and customers and focus on cost-effective, high-quality products to sustain market share.”
By the end of the third quarter, producers were pleased overall with where they stood.
“Results and activities in the third quarter evidence the consistent execution of our two-pronged strategy to generate durable growth,” Hill says. “Our Vulcan way of selling and Vulcan way of operating disciplines remain fundamental to compounding profitability across our franchise and successfully integrating new operations.”
Adds Noonan: “Without question, our Summit team has successfully navigated a dynamic environment to strengthen our business, improve our commercial and operational capabilities and, critically, build momentum as we focus on the fourth quarter and our path forward in 2025.”