Welcome to our dedicated page for Terex Corporation news (Ticker: TEX), a resource for investors and traders seeking the latest updates and insights on Terex Corporation stock.
Terex Corporation (NYSE: TEX) is a global manufacturer that specializes in producing a diverse range of equipment for various industries. The company operates through two main segments: Materials Processing (MP) and Aerial Work Platforms (AWP). These segments cater to numerous applications including construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy, utility, and manufacturing.
Terex's core offerings include aerial work platforms, material handlers, cranes, and concrete mixer trucks. The company has a strong presence in non-residential construction and maintenance sectors, as well as in energy, recycling, and materials management. Terex has evolved through a series of acquisitions over several decades and has recently streamlined its focus by divesting less profitable businesses.
One of Terex's key strengths is its customer-centric approach. The company provides comprehensive financial products and services via Terex Financial Services, making equipment acquisition more accessible. Terex's innovative solutions include electric and hybrid machinery that offer quiet, emission-free performance, and products that facilitate renewable energy and material recovery.
Recent developments highlight Terex's commitment to growth and leadership transitions. John L. Garrison, Jr. is set to retire as Chairman and CEO, effective January 1, 2024, to be succeeded by Simon Meester, the current President of AWP. This leadership change is expected to ensure a smooth transition and continued strategic focus.
Financially, Terex has shown strong performance. In Q3 2023, the company reported a 15% increase in sales and a 46% rise in earnings per share (EPS) compared to the previous year. Looking forward, Terex has raised its full-year 2023 EPS outlook to approximately $7.05, reflecting its robust market position and operational efficiency.
Terex's products are manufactured in North America, Europe, Australia, and Asia and are sold worldwide. The company engages with customers at all stages of the product life cycle, from initial specification through to parts and service support. This comprehensive approach ensures high customer satisfaction and loyalty.
For more information, visit www.terex.com.
Terex Corporation (NYSE:TEX) has announced a quarterly dividend of $0.12 per share, payable on December 17, 2021. Shareholders of record by the close of business on November 9, 2021 are eligible for this dividend. As a global manufacturer of aerial work platforms and materials processing machinery, Terex engages in various applications including construction and manufacturing, with products sold worldwide.
Terex Corporation (NYSE: TEX) announced the appointment of Julie A. Beck as Senior Vice President and Chief Financial Officer, effective January 1, 2022. She succeeds John D. Sheehan, who is retiring after serving as CFO since 2016. Beck brings over three decades of finance experience from NOVA Chemicals and Joy Global, focusing on driving growth and digital transformation. Garrison, Chairman and CEO, expressed confidence in Beck's leadership to enhance shareholder value.
Terex Corporation (NYSE: TEX) will host a conference call on October 29, 2021, at 8:30 a.m. ET, to discuss its third quarter 2021 financial results. The results will be released after market close on October 28, 2021. John L. Garrison, Jr., Chairman and CEO, will lead the call. Interested participants can access the webcast 15 minutes prior to the start time, with a replay available afterward. Terex is a global manufacturer specializing in aerial work platforms and materials processing machinery.
Terex Corporation (NYSE: TEX) reported a strong second quarter 2021 with income from continuing operations of $72.3 million or $1.02 per share, compared to a loss of ($3.2) million or ($0.05) per share in Q2 2020. Net sales increased to $1.0 billion from $690.5 million. The company raised its full-year sales guidance to approximately $3.9 billion and EPS to $2.85 to $3.05. Free cash flow was $101 million for the quarter and $141 million year-to-date, allowing for debt prepayment. The acquisition of MDS International was completed to enhance product offerings.
Terex Corporation (NYSE:TEX) has appointed Simon A. Meester as President of Genie, effective August 1, 2021. Meester, who currently serves as COO of Genie, joined the company in 2018 with previous experience at Eaton Corporation, Caterpillar, and Sandvik. He has been recognized for maintaining safety during the pandemic and implementing strategic initiatives for customer value. Terex CEO John L. Garrison, Jr. expressed confidence in Meester's ability to lead Genie forward, emphasizing his understanding of the business and customer needs.
Terex Corporation (NYSE: TEX) has declared a quarterly dividend of $0.12 per share, payable on September 20, 2021. Stockholders on record as of August 12, 2021 will receive the dividend. This decision reflects the company's commitment to returning value to its shareholders.
Terex operates globally, manufacturing aerial work platforms and materials processing machinery, and engaging with customers throughout the product life cycle.
Terex Corporation (NYSE: TEX) will hold a conference call on July 30, 2021, at 11:30 a.m. ET to discuss its second-quarter 2021 financial results. The results will be released after market close on July 29, 2021. CEO John L. Garrison, Jr. will lead the call. Participants are encouraged to join the webcast 15 minutes early. The webcast will be available for replay on the company's investor relations website.
Terex manufactures aerial work platforms and materials processing machinery, serving global markets.
Terex Corporation (NYSE:TEX) has declared a quarterly dividend of $0.12 per share. This dividend will be paid on June 18, 2021, to all shareholders who are on record as of June 4, 2021. The dividend is part of Terex's commitment to returning value to shareholders while supporting its business in manufacturing and construction.
Terex Corporation (NYSE: TEX) reported a first-quarter 2021 income from continuing operations of $39.7 million, or $0.56 per share, surpassing the prior year's loss of $24.7 million. Net sales increased to $864.2 million, driven by improved market conditions post-pandemic. The company raised its 2021 sales outlook to approximately $3.7 billion with an EPS of $2.35 to $2.55. Strong cash flow management generated $40 million of free cash flow, allowing for the prepayment of $196 million in loans. Terex aims to leverage its operational execution for growth while refinancing capital to secure favorable debt terms.
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