Terex said the North American market is stabilizing, but the global crane market remains challenging.
Bookings were up 17% year-on-year, while the backlog increased by 2% to $407m.
The manufacturer said that there has been positive order activity for the new Demag AC models.
The division’s operating loss stood at $32.8m in the first quarter, significantly higher than the $16.6m reported for the same period in 2016.
John Garrison, Terex president and CEO said: “Our Cranes segment results were consistent with our expectation that volumes would be down in the first half of 2017.”
Garrison said that the company’s crane division restructuring program is making progress, with the closing of its Jinan facility in China, and that they continue to address structural costs.
As a group, Terex reported sales of $1,006.9m in the first three months of 2017, down 9.6% year-on-year.
