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 |
|---|---|---|---|
| 4/7/2025 | $32.00 | Neutral → Sell | UBS |
| 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 |
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Sales of $1.2 billion and operating margin of 5.6% and 9.1% as adjusted1EPS of $0.31 and adjusted1 EPS of $0.83Return on invested capital of 15.0%Maintaining full-year adjusted1 EPS outlook of $4.70 to $5.10NORWALK, Conn., May 2, 2025 /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 first quarter 2025. CEO Commentary"Our overall financial results exceeded o
NORWALK, Conn., April 16, 2025 /PRNewswire/ -- Terex Corporation (NYSE: TEX) will host a conference call to review its first quarter 2025 financial results on Friday, May 2, 2025 at 8:00 a.m. Eastern Time. Simon Meester, President and Chief Executive Officer, and Jennifer Kong-Picarello, 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 prior to the call the morning of Friday, May 2, 2025. Participants are encouraged to access the webcast 15 minutes prior to the sta
NORWALK, Conn., Feb. 6, 2025 /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 March 19, 2025 to all stockholders of record as of the close of business on March 7, 2025. About TerexTerex 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, manufactu
Full-year sales of $5.1 billionFull-year operating margins of 10.3%; adjusted1 11.3%Full-year EPS of $4.96; adjusted1 $6.11Strong Q4 2024 contribution from ESG with adjusted1 operating margins of 21.9%Declares quarterly cash dividend of $0.17 per shareNORWALK, Conn., Feb. 6, 2025 /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 fourth quarter and full-year 2024.
NORWALK, Conn., Jan. 16, 2025 /PRNewswire/ -- Terex Corporation (NYSE: TEX) will host a conference call to review its fourth quarter and year-end 2024 financial results on Thursday, February 6, 2025 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 prior to the call the morning of Thursday, February 6, 2025. Participants are encouraged to access the webcast 15 minutes pr
RPM International Inc. (NYSE:RPM) today announced the appointment of three individuals, Craig S. Morford, Christopher L. Mapes and Julie A. Beck, to its board of directors. These appointments reflect RPM's ongoing commitment to expanding the expertise, diversity and leadership capabilities of its board as the company continues to drive long-term growth and shareholder value. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250113146614/en/Christopher L. Mapes (Photo: Business Wire) The appointments of Mr. Morford and Mr. Mapes are effective immediately, and Ms. Beck's term is set to commence on April 7, 2025. With these additions,
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
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RPM International Inc. (NYSE:RPM) today announced the appointment of three individuals, Craig S. Morford, Christopher L. Mapes and Julie A. Beck, to its board of directors. These appointments reflect RPM's ongoing commitment to expanding the expertise, diversity and leadership capabilities of its board as the company continues to drive long-term growth and shareholder value. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250113146614/en/Christopher L. Mapes (Photo: Business Wire) The appointments of Mr. Morford and Mr. Mapes are effective immediately, and Ms. Beck's term is set to commence on April 7, 2025. With these additions,
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
UBS downgraded Terex from Neutral to Sell and set a new price target of $32.00
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
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Sales of $1.2 billion and operating margin of 5.6% and 9.1% as adjusted1EPS of $0.31 and adjusted1 EPS of $0.83Return on invested capital of 15.0%Maintaining full-year adjusted1 EPS outlook of $4.70 to $5.10NORWALK, Conn., May 2, 2025 /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 first quarter 2025. CEO Commentary"Our overall financial results exceeded o
NORWALK, Conn., April 16, 2025 /PRNewswire/ -- Terex Corporation (NYSE: TEX) will host a conference call to review its first quarter 2025 financial results on Friday, May 2, 2025 at 8:00 a.m. Eastern Time. Simon Meester, President and Chief Executive Officer, and Jennifer Kong-Picarello, 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 prior to the call the morning of Friday, May 2, 2025. Participants are encouraged to access the webcast 15 minutes prior to the sta
NORWALK, Conn., Feb. 6, 2025 /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 March 19, 2025 to all stockholders of record as of the close of business on March 7, 2025. About TerexTerex 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, manufactu
Full-year sales of $5.1 billionFull-year operating margins of 10.3%; adjusted1 11.3%Full-year EPS of $4.96; adjusted1 $6.11Strong Q4 2024 contribution from ESG with adjusted1 operating margins of 21.9%Declares quarterly cash dividend of $0.17 per shareNORWALK, Conn., Feb. 6, 2025 /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 fourth quarter and full-year 2024.
NORWALK, Conn., Jan. 16, 2025 /PRNewswire/ -- Terex Corporation (NYSE: TEX) will host a conference call to review its fourth quarter and year-end 2024 financial results on Thursday, February 6, 2025 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 prior to the call the morning of Thursday, February 6, 2025. Participants are encouraged to access the webcast 15 minutes pr
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