Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. The company operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers principally under the Terex and Genie brand names. Its products include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, utility equipment, and telehandlers, as well as their related components and replacement parts. The MP segment provides materials processing and specialty equipment, including crushers, washing systems, screens, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and their related components and replacement parts principally under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Terex Finlay, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, Terex Conveying Systems, ProStacktm, and Terex Bid-Well brand names and business lines. Its products are used in construction, infrastructure, and recycling projects; various quarrying and mining, and material handling applications; and maintenance applications to lift equipment or material, as well as landscaping and biomass production industries. In addition, the company provides financing solutions to assist customers in the rental, leasing, and acquisition of its products. Terex Corporation was incorporated in 1986 and is based in Norwalk, Connecticut.
IPO Year:
Exchange: NYSE
Website: terex.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/28/2024 | Mkt Perform | Raymond James | |
| 6/26/2024 | $60.00 | Neutral | Citigroup |
| 3/18/2024 | $63.00 | Overweight → Neutral | JP Morgan |
| 3/14/2024 | $73.00 | Buy | Truist |
| 2/13/2024 | $61.00 → $62.00 | Buy → Neutral | UBS |
| 1/19/2024 | $57.00 | Neutral → Underperform | BofA Securities |
| 12/20/2023 | $73.00 → $63.00 | Buy → Hold | Jefferies |
| 9/28/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 7/7/2023 | Mkt Perform | Raymond James | |
| 3/17/2023 | $66.00 → $54.00 | Buy → Neutral | BofA Securities |
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Sales of $1.2 billion and operating margin of 10.1% and 10.5% as adjusted1EPS of $1.31 and adjusted1 EPS of $1.46Return on invested capital of 23.7%Full-year adjusted1 EPS outlook of $5.85 to $6.25NORWALK, Conn., Oct. 30, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX), a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry, today announced its results for the third quarter 2024. CEO Commentary"The Terex team adapted quickly to in-quarter ind
NORWALK, Conn., Oct. 14, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced that its Board of Directors declared a quarterly dividend of $0.17 per share. The dividend is to be paid on December 19, 2024 to all stockholders of record as of the close of business on November 8, 2024. About Terex Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build, and support products used in maintenance,
NORWALK, Conn., Sept. 19, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced that it is updating its 2024 outlook. Full-year 2024 adjusted earnings per share, excluding the benefit of the recently announced Environmental Solutions Group (ESG) acquisition, is now expected to be between $5.80 and $6.20 on revenue of $4.85 to $5.05 billion. "Our channels globally made adjustments faster than we anticipated, resulting in lower than expected sales volume. In AWP, customers reduced planned deliveries to align their fleet configuration with seasonal rental demand. On t
Sales of $1.4 billion, consistent with prior yearIncome from operations of $193 million, up 22% sequentiallyOperating profit margin of 14.0%, improved 180 bps sequentiallyEarnings per share of $2.08, Adjusted EPS of $2.16Return on invested capital of 25.9%Full-year adjusted EPS outlook of $7.15 to $7.45NORWALK, Conn., July 30, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX), a global manufacturer of materials processing machinery and aerial work platforms, today announced its results for the second quarter 2024. CEO Commentary "The Terex team continues to perform at a high l
NORWALK, Conn., July 30, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) announced that its Board of Directors declared a quarterly dividend of $0.17 per share. The dividend is to be paid on September 19, 2024 to all stockholders of record as of the close of business on August 9, 2024. About TerexTerex is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applications. Certain Terex products and solut
Purchase price of $2.0 billion; $1.725 billion net of expected tax benefits Reduces cyclicality, delivers financial accretion and lowers capital intensity Unlocks ~$25 million of cost and revenue synergies by 2026 Enhances presence in attractive waste & recycling segment; expands North American addressable market Terex to host investor conference call to discuss transaction on July 22, 2024 at 8:30 a.m. Eastern NORWALK, Conn., July 22, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) (the "Company") today announced it has signed a definitive agreement to acquire Environmental Solutions Group ("ESG") from Dover Corporation (NYSE:DOV), in a $2.0 billion all-cash transaction. When adjusted f
NORWALK, Conn., July 19, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) will host a conference call to review its second quarter 2024 financial results on Wednesday, July 31, 2024 at 8:30 a.m. Eastern Time. Simon Meester, President and Chief Executive Officer, and Julie Beck, Senior Vice President and Chief Financial Officer, will host the call. The Company's financial results will be issued and available at https://investors.terex.com after the market close on Tuesday, July 30, 2024. Participants are encouraged to access the webcast 15 minutes prior to the starting time. The webcast will be available for replay at https://investors.terex.com. About TerexTerex is a global manufacturer of
NORWALK, Conn., May 23, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) announced that its Board of Directors declared a quarterly dividend of $0.17 per share. The dividend is to be paid on June 20, 2024 to all stockholders of record as of the close of business on June 6, 2024. About TerexTerex is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applications. Certain Terex products and solutions ena
Sales of $1.3 billion increased 5% year-over-yearIncome from operations of $158 million, up 7% year-over-yearOperating profit margin of 12.2% improved 20 bps year-over-yearEarnings per share of $1.60 Return on invested capital of 27.6%, up 370 bps from the prior yearRaising full-year 2024 EPS outlook to a range of $6.95 to $7.35Increasing full-year 2024 sales outlook to a range of $5.2 to $5.4 billionNORWALK, Conn., April 25, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX), a global manufacturer of materials processing machinery and aerial work platforms, today announced its results for the first quarter 2024.
NORWALK, Conn., April 11, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) will host a conference call to review its first quarter 2024 financial results on Friday, April 26, 2024 at 8:30 a.m. Eastern Time. Simon Meester, President and Chief Executive Officer, and Julie Beck, Senior Vice President and Chief Financial Officer, will host the call. The Company's financial results will be issued and available at https://investors.terex.com after the market close on Thursday, April 25, 2024. Participants are encouraged to access the webcast 15 minutes prior to the starting time. T
NORWALK, Conn., Nov. 21, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced today that Jennifer Kong-Picarello will succeed Julie Beck as Senior Vice President and Chief Financial Officer and become a member of the Terex Executive Leadership Team. Ms. Kong-Picarello will join Terex on February 3, 2025 and assume her duties as Chief Financial Officer of Terex later in February shortly after Terex files its 2024 Annual Report on Form 10-K. Ms. Beck will remain in her current role until Ms. Kong-Picarello assumes the duties of Chief Financial Officer. Ms. Beck will then continue with the Company until April 1 to assist with the transition.
Sales of $1.2 billion and operating margin of 10.1% and 10.5% as adjusted1EPS of $1.31 and adjusted1 EPS of $1.46Return on invested capital of 23.7%Full-year adjusted1 EPS outlook of $5.85 to $6.25NORWALK, Conn., Oct. 30, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX), a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry, today announced its results for the third quarter 2024. CEO Commentary"The Terex team adapted quickly to in-quarter ind
NORWALK, Conn., Oct. 14, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced that its Board of Directors declared a quarterly dividend of $0.17 per share. The dividend is to be paid on December 19, 2024 to all stockholders of record as of the close of business on November 8, 2024. About Terex Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build, and support products used in maintenance,
Purchase price of $2.0 billion; $1.725 billion net of expected tax benefitsReduces cyclicality, delivers financial accretion and lowers capital intensityExpected to Unlock ~$25 million of cost and revenue synergies by 2026Enhances presence in waste & recycling segment; expands North American addressable marketNORWALK, Conn., Oct. 8, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) ("Terex" or "Company") today announced completion of its acquisition of Environmental Solutions Group ("ESG") from Dover Corporation (NYSE: DOV). Terex anticipates that ESG will drive increased revenue growth, free cash flow, earnings before interest, taxes, depreciation, and amortization ("EBITDA") margin, and E
DOWNERS GROVE, Ill., Oct. 8, 2024 /PRNewswire/ -- Dover Corporation (NYSE: DOV) today announced that it has completed the previously reported sale of its Environmental Solutions Group business, which was part of Dover's Engineered Products segment, to Terex Corporation (NYSE:TEX). About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineer
NORWALK, Conn., Sept. 30, 2024 /PRNewswire/ --Terex Corporation ("Terex") (NYSE:TEX) today announced that it has priced its previously announced private offering (the "Private Offering") of $750 million in aggregate principal amount of 6.250% senior notes due 2032 (the "Notes") at par. Terex intends to use the proceeds from the Private Offering, together with the new term loan borrowings described below and cash on hand, to consummate Terex's previously announced acquisition (the "Acquisition") of the subsidiaries and assets of Dover Corporation ("Dover") that constitute Dover
NORWALK, Conn., Sept. 30, 2024 /PRNewswire/ -- Terex Corporation ("Terex") (NYSE:TEX) today announced that it intends to offer, subject to market and other conditions, $750 million in aggregate principal amount of senior notes due 2032 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Terex intends to use the proceeds from the Private Offering, together with the new term loan borrowings described below and cash on hand, to consummate Terex's previously
NORWALK, Conn., Sept. 19, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced that it is updating its 2024 outlook. Full-year 2024 adjusted earnings per share, excluding the benefit of the recently announced Environmental Solutions Group (ESG) acquisition, is now expected to be between $5.80 and $6.20 on revenue of $4.85 to $5.05 billion. "Our channels globally made adjustments faster than we anticipated, resulting in lower than expected sales volume. In AWP, customers reduced planned deliveries to align their fleet configuration with seasonal rental demand. On t
NORWALK, Conn., Sept. 10, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act"), as amended, in connection with its previously announced acquisition of Environmental Solutions Group (ESG) from Dover Corporation. On July 22, 2024, Terex and Dover announced a definitive agreement for Terex to acquire ESG. Terex expects the agreement to close later this year, subject to the satisfaction of customary non-regulatory closing conditions. Forward-Looking Statemen
NORWALK, Conn., Aug. 28, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) announced today that company leadership will participate in a fireside chat at the Jefferies Industrials Conference. They will speak at 10:25 AM EST on Thursday, September 5, 2024. About Terex Terex is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applications. Certain Terex products and solutions enable customers to reduc
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Raymond James initiated coverage of Terex with a rating of Mkt Perform
Citigroup initiated coverage of Terex with a rating of Neutral and set a new price target of $60.00
JP Morgan downgraded Terex from Overweight to Neutral and set a new price target of $63.00
Truist initiated coverage of Terex with a rating of Buy and set a new price target of $73.00
UBS downgraded Terex from Buy to Neutral and set a new price target of $62.00 from $61.00 previously
BofA Securities downgraded Terex from Neutral to Underperform and set a new price target of $57.00
Jefferies downgraded Terex from Buy to Hold and set a new price target of $63.00 from $73.00 previously
KeyBanc Capital Markets downgraded Terex from Overweight to Sector Weight
Raymond James initiated coverage of Terex with a rating of Mkt Perform
BofA Securities downgraded Terex from Buy to Neutral and set a new price target of $54.00 from $66.00 previously
NORWALK, Conn., April 15, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced the appointment of R. Mark Cox as Senior Vice President Corporate Development, effective immediately. He will report to Simon Meester, Terex President and Chief Executive Officer, and will serve on the Company's Executive Leadership Team. He succeeds Randy S. Williamson, who is retiring. Cox is joining Terex from Trinity Industries, Inc., where since 2021 he has served as Executive Vice President of Corporate Development. Previously, over the prior 18 years, he had served in senior M&A
NORWALK, Conn., March 4, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced the appointment of Neil Frohnapple as Vice President, Investor Relations, effective immediately. He will report to Julie Beck, Senior Vice President and Chief Financial Officer. He joins Terex from The Timken Company, a $5 billion industrial manufacturing company, where since 2019 he had served as Head of Investor Relations. Before that, he spent 13 years as a sell-side equity research analyst covering industrial companies in the machinery and multi-industrial sectors. "We are delighted
NORWALK, Conn., Oct. 27, 2021 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced the publication of its 2021 Environmental, Social, and Governance (ESG) Report. The report details Terex's commitment to all our stakeholders and how ESG is integral to the Company's strategic priorities. "For many years, Terex has been on a journey to create more sustainable outcomes for our team members, customers, investors and our communities. Our 2021 ESG Report reflects the hard work of Terex team members around the world," said Terex Chairman and CEO John L. Garrison, Jr. High
London, April 26, 2021 CNH Industrial N.V. (NYSE:CNHI) today announced that it has appointed Parag Garg as Chief Digital Officer and Marc Kermisch as Chief Information Officer for Off Highway business. This follows the appointment of Kevin Barr as Chief Human Resources Officer on March 19, 2021. In these positions, Mr. Garg, Mr. Kermisch and Mr. Barr will join the Company's Senior Leadership Team (SLT), an operational decision-making body of CNH Industrial, which is responsible for reviewing the operating performance of the segments and making decisions on certain operational matters. These executive appointments form part of CNH Industrial's renewed focus on customer centricity and serve
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JP Morgan analyst Tami Zakaria maintains Terex (NYSE:TEX) with a Neutral and raises the price target from $59 to $65.
Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell sharply during Monday’s session. Guggenheim analyst John Difucci downgraded the stock from Buy to Neutral, while BTIG analyst Gray Powell downgraded the stock from Buy to Neutral. CrowdStrike shares dipped over 11% on Friday after the company suffered a major outage impacting businesses around the world. Selective Insurance Group shares dipped 13.2% to $264.65 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA) shares climbed 148% to $1.98 after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2. CareMa
Baird analyst Mircea Dobre maintains Terex (NYSE:TEX) with a Neutral and raises the price target from $58 to $67.
U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday. Shares of IQVIA Holdings Inc. (NYSE:IQV) rose sharply during Monday's session after the company released better-than-expected second-quarter financial results and raised its 2024 guidance. IQVIA reported a second adjusted EPS of $2.64, up from $2.43, beating the consensus of $2.57. Provider of advanced analytics reported sales of $3.81 billion, beating the consensus of $3.79 billion, according to data from Benzinga Pro. IQVIA Holdings shares jumped 7.4% to $241.07 on Monday. Here are some other big stocks recording gains in today’s session. Tellurian Inc. (NASDAQ:TELL) shares surged 64.5% to
Terex Corporation (NYSE:TEX) shares are trading higher after the company inked a deal to acquire Environmental Solutions Group (ESG) from Dover Corporation (NYSE:DOV) in a $2.0 billion all-cash transaction. Based in Chattanooga, Tennessee, ESG provides refuse collection vehicles, compactors, and balers, as well as related aftermarket equipment and digital offerings, including onboard vehicle safety systems, route management, predictive maintenance, and customer relationship management software. In 2023, ESG generated approximately $750 million of revenue. When adjusted for the present value of expected tax benefits of about $275 million, the purchase price is $1.725 billion. This repre
Purchase price of $2.0 billion; $1.725 billion net of expected tax benefits Reduces cyclicality, delivers financial accretion and lowers capital intensity Unlocks ~$25 million of cost and revenue synergies by 2026 Enhances presence in attractive waste & recycling segment; expands North American addressable market
Analysts' ratings for Terex (NYSE:TEX) over the last quarter vary from bullish to bearish, as provided by 5 analysts. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 2 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Terex, presenting an average target of $61.2, a high estimate of $68.00, and a low estimate of $55.00. A 7.97% drop is evident in the current average compared to t
Jefferies analyst Stephen Volkmann maintains Terex (NYSE:TEX) with a Hold and lowers the price target from $68 to $55.