Terex Expands Waste & Recycling Operations With $2B Purchase Of Dover's Environmental Solutions Group

7/22/24 6:58:41 AM ET

$DOV

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Industrial Machinery/Components

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Construction/Ag Equipment/Trucks

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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

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Recent Analyst Ratings for
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Company	Date	Price Target	Rating	Analyst
Dover Corporation $DOV	11/13/2024	$217.00	Neutral	UBS
Dover Corporation $DOV	10/28/2024	$227.00	Peer Perform → Outperform	Wolfe Research
Terex Corporation $TEX	6/28/2024		Mkt Perform	Raymond James
Terex Corporation $TEX	6/26/2024	$60.00	Neutral	Citigroup
Terex Corporation $TEX	3/18/2024	$63.00	Overweight → Neutral	JP Morgan
Terex Corporation $TEX	3/14/2024	$73.00	Buy	Truist
Terex Corporation $TEX	2/13/2024	$61.00 → $62.00	Buy → Neutral	UBS
Dover Corporation $DOV	2/5/2024	$190.00	Neutral → Buy	Seaport Research Partners

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Terex Names Jennifer Kong-Picarello Chief Financial Officer
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.
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DOWNERS GROVE, Ill., Nov. 20, 2024 /PRNewswire/ -- ACME Cryogenics, part of OPW Clean Energy Solutions and Dover (NYSE:DOV), today announced the addition of the XL Bore Vacuum-Jacketed Piping (VJP) to its portfolio of cryogenics-handling products. The new VJP has been designed to help maintain cryogenic liquid's extremely cold temperature, prevent leaks and transfer the full array of high-volume cryogenics, including liquefied natural gas (LNG), liquid hydrogen (LH2), liquid oxygen (LOX), carbon dioxide (CO2) and helium. Many of these cryogenics are used in aerospace applications for space exploration, especially for fueling.
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Hillphoenix Recognized by EPA with GreenChill Store Certification Excellence Award for 13th Consecutive Year
DOWNERS GROVE, Ill., Nov. 14, 2024 /PRNewswire/ -- Hillphoenix, part of Dover Food Retail and Dover (NYSE:DOV) and a pioneer in designing environmentally sustainable refrigeration systems, has earned the U.S. Environmental Protection Agency's (EPA's) GreenChill 2023-2024 Store Certification Excellence recognition. This achievement recognizes the commercial refrigeration systems manufacturer that installed the most advanced, sustainable refrigeration systems in GreenChill-Certified Stores in the past year. Hillphoenix has provided sustainable refrigeration for 777 stores. "We a
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Dover Declares Regular Quarterly Cash Dividend
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Terex Reports Third Quarter 2024 Results
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 $6.25NORWALK, Conn., Oct. 30, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX), a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry, today announced its results for the third quarter 2024. CEO Commentary"The Terex team adapted quickly to in-quarter ind
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DOWNERS GROVE, Ill., Oct. 24, 2024 /PRNewswire/ -- Dover (NYSE:DOV), a diversified global manufacturer, announced its financial results for the third quarter ended September 30, 2024. All comparisons are to the comparable period of the prior fiscal year, unless otherwise noted. Three Months Ended September 30, Nine Months Ended September 30, ($ in millions, except per share data) 2024 2023 % Change* 2024 2023 % Change* U.S. GAAP Revenue $ 1,984 $ 1,958 1 % $ 5,816 $ 5,780 1 % Earnings from continuing operations 313 262 19 % 1,162 686 69 % Diluted EPS f
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Beacon Appoints Prithvi Gandhi as Executive Vice President and Chief Financial Officer
Beacon (NASDAQ:BECN) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer. Mr. Gandhi will join Beacon on May 1, 2024, and assume his role as Chief Financial Officer on or about May 6, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240422328918/en/Prithvi Gandhi, Beacon (Photo: Business Wire) Prior to joining Beacon, Mr. Gandhi was VP, Finance and Chief Financial Officer at TAMKO Building Products, a roofing products manufacturer and supplier for the last two years where he led initiatives that drove business insights and financial leverage resulting in improved
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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
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Neil Frohnapple Named Terex VP Investor Relations
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Terex Expands Waste & Recycling Operations With $2B Purchase Of Dover's Environmental Solutions Group

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Recent Analyst Ratings for $DOV$TEX

$DOV$TEX Press Releases

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Terex Names Jennifer Kong-Picarello Chief Financial Officer

OPW Clean Energy Solutions Adds XL Bore Vacuum-Jacketed Piping Product For Cryogenic Market

Hillphoenix Recognized by EPA with GreenChill Store Certification Excellence Award for 13th Consecutive Year

$DOV$TEX Market Insights

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Dover shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance.

Dover Raises FY24 Adjusted EPS Outlook From $9.00 - $9.15 To $9.05 - $9.20 (Est $9.10); Revises Revenue Growth Forecast From 2% - 4% To 3% - 4%

Dover Q2 2024 Adj EPS $2.36 Beats $2.21 Estimate, Sales $2.178B Beat $2.148B Estimate

$DOV$TEX Financials

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$DOV$TEX Insider Trading

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Dover Declares Regular Quarterly Cash Dividend

Terex Reports Third Quarter 2024 Results

Dover Reports Third Quarter 2024 Results

Director Wandell Keith E was granted 870 shares, increasing direct ownership by 10% to 9,534 units (SEC Form 4)

Director Spiegel Eric A. was granted 870 shares, increasing direct ownership by 9% to 10,959 units (SEC Form 4)

Director Manley Michael Mark was granted 870 shares, increasing direct ownership by 82% to 1,932 units (SEC Form 4)

$DOV$TEX Analyst Ratings

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UBS initiated coverage on Dover with a new price target

Dover upgraded by Wolfe Research with a new price target

Raymond James initiated coverage on Terex

$DOV$TEX Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Sachs David A bought $569,800 worth of shares (10,000 units at $56.98) and gifted 10,000 shares, decreasing direct ownership by 3% to 313,954 units (SEC Form 4)

Director Rush Andra bought $119,864 worth of shares (2,205 units at $54.36), increasing direct ownership by 11% to 21,983 units (SEC Form 4)

Sachs David A bought $2,552,250 worth of shares (50,000 units at $51.05) (SEC Form 4)

$DOV$TEX SEC Filings

Terex Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

Terex Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by Terex Corporation

$DOV$TEX Leadership Updates

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Beacon Appoints Prithvi Gandhi as Executive Vice President and Chief Financial Officer

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$DOV$TEX Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Dover Corporation

SEC Form SC 13G filed by Terex Corporation

SEC Form SC 13G/A filed by Dover Corporation (Amendment)

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