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

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

$DOV

$TEX

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
$DOV
$TEX

Company	Date	Price Target	Rating	Analyst
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
Terex Corporation $TEX	1/19/2024	$57.00	Neutral → Underperform	BofA Securities

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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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Leadership Updates

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Beacon Appoints Prithvi Gandhi as Executive Vice President and Chief Financial Officer
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Terex Names R. Mark Cox SVP Corporate Development
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
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
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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 $6.25NORWALK, Conn., Oct. 30, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX), a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry, today announced its results for the third quarter 2024. CEO Commentary"The Terex team adapted quickly to in-quarter ind
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Dover Reports Third Quarter 2024 Results
DOWNERS GROVE, Ill., Oct. 24, 2024 /PRNewswire/ -- Dover (NYSE:DOV), a diversified global manufacturer, announced its financial results for the third quarter ended September 30, 2024. All comparisons are to the comparable period of the prior fiscal year, unless otherwise noted. Three Months Ended September 30, Nine Months Ended September 30, ($ 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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Terex Announces Quarterly Dividend
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,
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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 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 Analyst Ratings

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Dover upgraded by Wolfe Research with a new price target

Raymond James initiated coverage on Terex

Citigroup initiated coverage on Terex with a new price target

$DOV$TEX Press Releases

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KPS Introduces New 3" Conductive High Density Polyethylene Double Wall Piping System

Terex Reports Third Quarter 2024 Results

Dover Reports Third Quarter 2024 Results

$DOV$TEX Leadership Updates

Live Leadership Updates

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

Terex Names R. Mark Cox SVP Corporate Development

Neil Frohnapple Named Terex VP Investor Relations

$DOV$TEX Insider Purchases

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

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)

Sachs David A bought $337,150 worth of shares (7,500 units at $44.95) (SEC Form 4)

$DOV$TEX Insider Trading

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

Senior VP & CFO Cerepak Brad M sold $2,593,150 worth of shares (14,818 units at $175.00), decreasing direct ownership by 55% to 12,324 units (SEC Form 4)

Senior VP & CFO Cerepak Brad M returned $2,471,746 worth of shares to the company (13,395 units at $184.53), covered exercise/tax liability with 11,787 shares and exercised 40,000 shares at a strike of $61.79, increasing direct ownership by 120% to 27,142 units (SEC Form 4)

SVP, General Counsel & Secr. Cabrera Ivonne M sold $225,700 worth of shares (1,220 units at $185.00), decreasing direct ownership by 3% to 47,060 units (SEC Form 4)

$DOV$TEX SEC Filings

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

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

$DOV$TEX Large Ownership Changes

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$DOV$TEX Financials

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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)

Terex Reports Third Quarter 2024 Results

Dover Reports Third Quarter 2024 Results

Terex Announces Quarterly Dividend

Recent Analyst Ratings for
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