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 Corporation (NYSE: TEX) announced a strong financial performance for Q4 2022, with sales reaching $1.2 billion, a 23% increase year-over-year. Income from operations was $121 million, up 73%, leading to an EPS of $1.34, reflecting a 63% rise. For the full year, sales rose 14% to $4.4 billion, with a backlog growth of 22% to $4.1 billion. The company projects 2023 sales between $4.6 and $4.8 billion, anticipating EPS between $4.60 and $5.00.
Terex Corporation (NYSE: TEX) has declared a quarterly dividend of $0.15 per share, representing a 15% increase from previous dividends. This decision reflects the company's confidence in its financial health and growth prospects. The dividend will be paid on March 20, 2023, to shareholders on record by the close of business on March 9, 2023. The increase highlights Terex's commitment to returning value to its shareholders while maintaining a strong financial position.
Terex Corporation (NYSE: TEX) has made an equity investment in Austin-based robotics firm Apptronik, known for developing advanced mobile robotic systems. This collaboration includes a co-development agreement aimed at creating robotic applications for Terex's product line. Terex's Chairman, John L. Garrison, Jr., highlighted the growing trend of human-centered robots and Apptronik's strategic position within it. Apptronik has notable projects, including the NASA-backed Apollo humanoid robot. This partnership aligns with Terex's mission to innovate and diversify its technological offerings in the materials processing machinery sector.
Terex Corporation (NYSE: TEX) will hold a conference call on February 10, 2023, at 8:30 a.m. ET to discuss its fourth quarter and year-end 2022 financial results. The call will be hosted by John L. Garrison, Jr. and Julie Beck. Financial results will be released after the market closes on February 9, 2023, and will be available on the company's investor relations website. Participants are encouraged to log into the webcast in advance, which will also be available for replay post-event.
Terex Corporation (NYSE: TEX) announced a new share repurchase program of up to $150 million, supplementing the remaining $43 million from its previous program. CEO John L. Garrison highlighted the company's robust balance sheet and expected free cash flow as key reasons for this decision. The share repurchase is aligned with Terex's capital allocation strategy, aimed at offsetting dilution and returning capital to shareholders. The timing will depend on liquidity and market conditions, and the program can be suspended or discontinued at any time.
Terex Corporation (NYSE: TEX) held its Investor Day on December 13, 2022, at the New York Stock Exchange, where it reiterated its 2022 guidance and announced long-term financial targets for 2027. CEO John L. Garrison, Jr. highlighted the company's operational excellence and strategic investments. Key growth areas include the Materials Processing segment, which aims for ~$1.9B in sales and 15.0%-15.3% operating margin. For 2027, Terex targets net sales of ~$6.0B+, an operating margin of 13.0%-14.0%, and EPS of $8.00-$9.50.
Terex Corporation (NYSE: TEX) has announced its participation in a fireside chat at Credit Suisse's 10th Annual Global Industrials Conference. The event is scheduled for December 1, 2022, at 1:15 PM ET. The live webcast can be accessed on the Terex Investor Relations website. Terex is a global manufacturer specializing in materials processing machinery, supporting various industries while focusing on sustainability through electric and hybrid products.
Terex Corporation (NYSE: TEX) will hold an Investor Day at the New York Stock Exchange on December 13, 2022, from 10:00 AM to 1:00 PM ET. The event includes presentations and a Q&A session with CEO John Garrison and CFO Julie Beck. Interested participants can register for the in-person event or watch the live webcast here. A replay will also be available on the Terex Investor Relations site post-event.
