Welcome to our dedicated page for Terex news (Ticker: TEX), a resource for investors and traders seeking the latest updates and insights on Terex stock.
Terex Corporation (NYSE: TEX) provides innovative equipment solutions for construction, infrastructure, and recycling industries worldwide. This dedicated news hub offers investors and industry professionals centralized access to official announcements, strategic developments, and operational updates from the global industrial leader.
Track critical updates including quarterly earnings reports, product launches, sustainability initiatives, and leadership changes. Our curated feed ensures timely access to Terex's material processing innovations, aerial work platform advancements, and environmental solutions developments. Discover how the company's global manufacturing expertise and customer-focused engineering translate to market performance.
Key coverage areas include equipment lifecycle updates, strategic partnerships, safety certifications, and technology integrations across Terex's Materials Processing and Aerial Work Platforms segments. Bookmark this page for reliable updates on operational expansions, regulatory compliance milestones, and industry-specific solutions from a NYSE-listed industrial equipment manufacturer.
Terex (NYSE: TEX) has scheduled its first quarter 2025 financial results conference call for Friday, May 2, 2025, at 8:00 a.m. Eastern Time. The earnings call will be hosted by Simon Meester, President and CEO, and Jennifer Kong-Picarello, Senior VP and CFO.
The company will release its Q1 2025 financial results on the morning of May 2, 2025, before the call, making them available on their investor relations website. Participants are advised to join the webcast 15 minutes before the start time. A replay of the webcast will be accessible at https://investors.terex.com.
Terex (NYSE: TEX) has announced that its Board of Directors has declared a quarterly dividend of $0.17 per share. The dividend will be paid on March 19, 2025 to stockholders of record at the close of business on March 7, 2025.
Terex (NYSE: TEX) reported its Q4 and full-year 2024 results, with full-year sales reaching $5.1 billion and operating margins of 10.3% (adjusted 11.3%). The company achieved full-year EPS of $4.96 (adjusted $6.11), marking the second-highest adjusted earnings in Terex history.
Q4 2024 net sales were $1.2 billion, up 2% year-over-year, driven by the Environmental Solutions Group (ESG) acquisition, which contributed strong adjusted operating margins of 21.9%. However, Materials Processing and Aerial Work Platforms segments experienced declines.
For 2025, Terex forecasts net sales between $5.3-$5.5 billion, EPS of $4.70-$5.10, and free cash flow of $300-$350 million. The company expects industry-wide channel dynamics that impacted H2 2024 to continue into H1 2025, while ESG and Terex Utilities are anticipated to maintain strong momentum.
Terex (NYSE: TEX) has scheduled its fourth quarter and year-end 2024 financial results conference call for Thursday, February 6, 2025, at 8:30 a.m. Eastern Time. The event will be hosted by Simon Meester, President and CEO, and Julie Beck, Senior VP and CFO. Financial results will be released on the morning of February 6 and will be accessible on the company's investor relations website. Participants are advised to join the webcast 15 minutes before the start time, and a replay will be available on the investor relations platform.
Terex (NYSE: TEX) has appointed Jennifer Kong-Picarello as its new Senior Vice President and Chief Financial Officer, effective February 3, 2025. Kong-Picarello will succeed Julie Beck and join the Terex Executive Leadership Team. She brings over 20 years of experience, most recently serving as SVP and CFO of Energy Management at Schneider Electric's €28B segment. Her previous roles include VP and CFO positions at Honeywell's Intelligrated division and various finance leadership positions at Tyco and Deloitte. Beck will assist with the transition until April 1 after Kong-Picarello assumes CFO duties following the filing of Terex's 2024 Annual Report.
Terex (NYSE: TEX) reported Q3 2024 results with net sales of $1.2 billion, down 6% year-over-year. Operating margin was 10.1% (10.5% adjusted), with EPS of $1.31 ($1.46 adjusted). Materials Processing segment saw declining sales, while Aerial Work Platforms showed modest growth. The company completed the acquisition of Environmental Solutions Group in October, strengthening its waste and recycling portfolio. Full-year 2024 outlook projects net sales of $5.0-$5.2 billion with adjusted EPS guidance of $5.85-$6.25.
Terex (NYSE: TEX) has announced a quarterly dividend declaration by its Board of Directors. The dividend amount is set at $0.17 per share. This dividend will be paid on December 19, 2024 to all stockholders of record as of the close of business on November 8, 2024. This announcement demonstrates Terex's commitment to providing regular returns to its shareholders.
Dover (NYSE: DOV) has completed the sale of its Environmental Solutions Group business to Terex (NYSE: TEX). The sold business was previously part of Dover's Engineered Products segment. This transaction marks the finalization of a previously announced deal, demonstrating Dover's commitment to portfolio optimization and strategic focus on its core businesses.
Terex (NYSE: TEX) has completed its acquisition of Environmental Solutions Group (ESG) from Dover for $2.0 billion, or $1.725 billion net of expected tax benefits. This strategic move is expected to:
1. Reduce cyclicality and lower capital intensity
2. Deliver financial accretion and unlock ~$25 million in synergies by 2026
3. Enhance Terex's presence in the waste & recycling segment
4. Expand its North American addressable market
ESG, known for its industry-leading brands like Heil and Marathon, has demonstrated a 7%+ long-term organic revenue CAGR over the past decade. The acquisition is anticipated to be double-digit percentage adjusted EPS accretive in 2025, with significant growth thereafter. Terex expects this move to drive increased revenue growth, free cash flow, EBITDA margin, and EPS accretion.
Terex (NYSE:TEX) has announced the pricing of a private offering of $750 million in 6.250% senior notes due 2032. The proceeds, along with new term loan borrowings and cash on hand, will be used to finance Terex's acquisition of Dover 's Environmental Solutions Group (ESG) and cover related expenses. The notes will be offered only to qualified institutional buyers and certain non-U.S. persons, and are not registered under the Securities Act.
The offering is expected to close on October 8, 2024, subject to customary conditions. Concurrently, Terex plans to amend its existing credit agreement, increasing its revolving credit facilities to $800 million and adding a new term loan facility of up to $1,250 million. These financial moves are aimed at supporting Terex's strategic acquisition and expansion plans.
