Terex Corp. placed fourth on the Barron”™s 500, which examines corporate cash flows to rank companies by their return on investment.
Selling construction vehicles and other heavy equipment, the Westport company had $400 million in earnings last year on $7.6 billion in revenue.
Adjusted to include the impact of a stock split last summer, Terex shares more than doubled last year to nearly $66. As of late May, the company”™s shares were up another $10.
On the Barron”™s 500, Terex trailed only financial firms Goldman Sachs Group Inc. and Franklin Resources Inc.; and computer-device maker Apple Inc. Barron”™s is published by Dow Jones & Co. Inc.
In separate Terex news, the company is increasing the base salary of Ronald DeFeo, its chairman and chief executive officer, from $900,000 to $1.15 million. DeFeo”™s total compensation last year was $28 million, including stock options awarded in previous years which DeFeo exercised in 2006.
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