December 22, 2014
Dec. 22, 2014- Terex Corporation (NYSE: TEX) today announced that it has successfully completed the formation of its Joint Venture with Manitex International, Inc. ( Manitex ) and completed the previously announced sale of 51% of A.S.V., Inc. to Manitex . As a result, Manitex is now the majority owner of the joint venture in compact track loaders and skid steers that is 51% owned by Manitex and 49% owned by Terex . About Terex Terex Corporation is a lifting and material handling solutions company reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying and mining industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services .
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October 29, 2014
Oct. 29, 2014- Terex Corporation (NYSE:TEX) today announced income from continuing operations of $58.7 million , or $0.51 per share for the third quarter of 2014, and excluding certain items, income from continuing operations as adjusted was $67.8 million , or $0.59 per share. This compared to income from continuing operations of $84.5 million , or $0.73 per share for the third quarter of 2013. The Glossary at the end of the release contains more details on these items. Net sales were $1,809.8 million in the third quarter of 2014, 3.0% higher than net sales of $1,757.0 million in the third quarter of 2013. Income from operations was $116.8 million in the third quarter of 2014 and excluding certain items, income from operations as adjusted was $127.5 million. This compared to income from operations of $138.6 million in the third quarter of 2013. “Our results for the third quarter were in line with the revised guidance communicated in mid-September,” commented Ron DeFeo , Terex Chairman
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October 29, 2014
Oct. 29, 2014- Terex Corporation (NYSE:TEX) today announced that it has agreed to sell 51% of A.S.V., Inc. (ASV) to Manitex International, Inc. ( Manitex ). This will result in a joint venture in compact track loaders and skid steers that is 51% owned by Manitex and 49% owned by Terex . The transaction is expected to result in more than $125 million of cash received by Terex , including cash from a recapitalization of ASV prior to closing and a significant amount in tax benefits. Upon completion of the transaction, ASV will continue to sell its compact track loaders and skid steers under the Terex brand. The transaction is expected to be completed before the end of 2014. Terex Chairman and Chief Executive Office Ron DeFeo commented, “The formation of this joint venture is a positive for both Terex and ASV. Terex preserves its broad compact equipment product offering and its participation in an expected housing recovery. Manitex will augment ASV’s existing distribution channels,
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October 20, 2014
Oct. 20, 2014- Terex Corporation (NYSE:TEX) will release its third quarter 2014 financial results on Wednesday, October 29, 2014 after market close. The Company will host a one-hour conference call to review the financial results on Thursday, October 30, 2014 at 8:30 a.m. EDT . Ronald M. DeFeo , Chairman and CEO, will host the call. A simultaneous webcast of this call will be available on the Company’s website, www.terex.com. To listen to the call, select “Investor Relations” in the “About Terex” section on the home page and then click on the webcast microphone link. Participants are encouraged to access the call 10 minutes prior to the starting time. The call will also be archived on the Company’s website under “Audio Archives” in the “Investor Relations” section of the website. Terex Corporation is a lifting and material handling solutions company reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials
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October 09, 2014
Oct. 9, 2014- Terex Corporation (NYSE:TEX) today announced that its Board of Directors declared a quarterly dividend of $0.05 per common share. The dividend is to be paid on December 19, 2014 to all stockholders of record as of the close of business on November 10, 2014 . About Terex Terex Corporation is a lifting and material handling solutions company reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying and mining industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services . Terex uses its website ( www.terex.com ) and its Facebook page ( www.facebook.com/TerexCorporation ) to make information available to its
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September 15, 2014
Sep. 15, 2014- Terex Corporation (NYSE:TEX) today announced that it is lowering its full year 2014 guidance, as well as providing quarterly guidance for the third quarter. Full year 2014 earnings per share is now expected to be between $2.35 and $2.50 , as adjusted for certain non-recurring items. Previous full year 2014 guidance was an earnings per share of between $2.50 and $2.80 . Due to the timing of this announcement, the Company is also providing third quarter 2014 earnings per share guidance of $0.55 - $0.65 per share, excluding certain non-recurring items. The primary driver of the guidance change is weakness in the Cranes segment. Despite a positive trend in book-to-bill ratios over the first half of 2014, the Cranes order rate has dropped significantly in July and August. Additionally, Cranes customers in developing markets are struggling to secure financing for orders scheduled for delivery in the second half of 2014. “We do not take lightly the need to adjust market
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August 13, 2014
Aug. 13, 2014- Terex Corporation (NYSE: TEX) today announced that it has refinanced its existing senior secured credit facility with a new $1.1 billion senior secured credit facility. The new facility is comprised of a revolving line of credit of $600 million , a $230 million term loan and a €200 million term loan. The new facility increases the size of the Company’s revolving line of credit from $500 million to $600 million. It also extends the maturity date for the Company’s revolving line of credit from 2016 to 2019 and the maturity date for the term loans from 2017 to 2021. Additionally, the new facility provides lower borrowing rates under the revolving line of credit and affords greater flexibility for the Company in a number of areas. Kevin Bradley , Senior Vice President and Chief Financial Officer commented, “Lowering the cost of our revolver borrowings by approximately 300 basis points, increasing our liquidity, enhancing our operating flexibility and extending the maturity
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July 23, 2014
Jul. 23, 2014- Terex Corporation (NYSE:TEX) today announced income from continuing operations of $87.8 million , or $0.76 per share, for the second quarter of 2014. This compared to income from continuing operations of $20.4 million , or $0.17 per share, for the second quarter of 2013. Excluding the impact of certain items totaling $54.4 million , or $0.47 per share, income from continuing operations as adjusted in the second quarter of 2013 was $74.8 million , or $0.64 per share. The glossary at the end of this press release contains details regarding the impact of certain items in the second quarter of 2013. Net sales were $2,055.1 million in the second quarter of 2014, 10.4% higher than net sales of $1,861.5 million in the second quarter of 2013. Income from operations was $160.9 million in the second quarter of 2014, an increase of $77.4 million when compared to income from operations of $83.5 million in the second quarter of 2013. Excluding the impact of certain items totaling
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July 14, 2014
Jul. 14, 2014- Terex Corporation (NYSE:TEX) will release its second quarter 2014 financial results on Wednesday, July 23, 2014 after market close. The Company will host a one-hour conference call to review the financial results on Thursday, July 24, 2014 at 8:30 a.m. EDT . Ronald M. DeFeo , Chairman and CEO, will host the call. A simultaneous webcast of this call will be available on the Company’s website, www.terex.com. To listen to the call, select “Investor Relations” in the “About Terex” section on the home page and then click on the webcast microphone link. Participants are encouraged to access the call 10 minutes prior to the starting time. The call will also be archived on the Company’s website under “Audio Archives” in the “Investor Relations” section of the website. Terex Corporation is a lifting and material handling solutions company reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials
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July 10, 2014
Jul. 10, 2014- Terex Corporation (NYSE:TEX) today announced that its Board of Directors declared a quarterly dividend of $0.05 per common share. The dividend is to be paid on September 19, 2014 to all stockholders of record as of the close of business on August 11, 2014 . About Terex Terex Corporation is a diversified global manufacturer reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, manufacturing, mining, shipping, transportation, refining, energy and utility industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services . Terex uses its website ( www.terex.com ) and its Facebook page ( www.facebook.com/TerexCorporation ) to make information available to its investors and the
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June 02, 2014
Jun. 2, 2014- Terex Corporation (NYSE:TEX) today announced that it has completed the sale of its truck business to Volvo Construction Equipment for a purchase price of $160 million . The truck business manufactures and sells off-highway rigid and articulated haul trucks. Included in the transaction is the manufacturing facility in Motherwell, Scotland . About Terex Terex Corporation is a diversified global manufacturer reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, manufacturing, mining, shipping, transportation, refining, energy and utility industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services . Terex uses its website ( www.terex.com ) and its Facebook page (
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May 27, 2014
May 27, 2014- Terex Corporation (NYSE:TEX) today announced that its Board of Directors declared a quarterly dividend of $0.05 per common share. The dividend is to be paid on June 19, 2014 to all stockholders of record as of the close of business on June 10, 2014 . About Terex Terex Corporation is a diversified global manufacturer reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, manufacturing, mining, shipping, transportation, refining, energy and utility industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services . Terex uses its website ( www.terex.com ) and its Facebook page ( www.facebook.com/TerexCorporation ) to make information available to its investors and the market.
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April 30, 2014
Apr. 30, 2014- Terex Corporation (NYSE:TEX) today announced income from continuing operations of $32.6 million , or $0.28 per share for the first quarter of 2014, as compared to income from continuing operations of $19.3 million , or $0.17 per share for the first quarter of 2013. Excluding the impact of certain items totaling $5.8 million , or $0.05 per share, income from continuing operations as adjusted in the first quarter of 2013 was $25.1 million , or $0.22 per share. The glossary at the end of this press release contains details regarding the impact of certain items in the first quarter of 2013. Net sales were $1,654.6 million in the first quarter of 2014, flat with the $1,653.7 million in the first quarter of 2013. Income from operations was $75.0 million in the first quarter of 2014, an improvement of $9.4 million when compared to income from operations of $65.6 million in the first quarter of 2013. Excluding the impact of certain items totaling $6.1 million, income from
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April 17, 2014
Apr. 17, 2014- Terex Corporation (NYSE:TEX) will release its first quarter 2014 financial results on Wednesday, April 30, 2014 after market close. The Company will host a one-hour conference call to review the financial results on Thursday, May 1, 2014 at 8:30 a.m. EDT . Ronald M. DeFeo , Chairman and CEO, will host the call. A simultaneous webcast of this call will be available on the Company’s website, www.terex.com. To listen to the call, select “Investor Relations” in the “About Terex” section on the home page and then click on the webcast microphone link. Participants are encouraged to access the call 10 minutes prior to the starting time. The call will also be archived on the Company’s website under “Audio Archives” in the “Investor Relations” section of the website. Terex Corporation is a diversified global manufacturer reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing. Terex
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February 26, 2014
Feb. 26, 2014- Terex Corporation (NYSE: TEX) today announced that its Board of Directors declared a quarterly dividend of $0.05 per common share. The dividend is to be paid on March 19, 2014 to all stockholders of record as of the close of business on March 10, 2014 . About Terex Terex Corporation is a diversified global manufacturer reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, manufacturing, mining, shipping, transportation, refining, energy and utility industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services . Terex uses its website ( www.terex.com ) and its Facebook page ( www.facebook.com/TerexCorporation ) to make information available to its investors and the market.
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February 18, 2014
Feb. 18, 2014- Terex Corporation (NYSE:TEX) today announced income from continuing operations of $209.0 million , or $1.79 per share, on net sales of $7.1 billion for the full year 2013, as compared to income from continuing operations of $77.0 million , or $0.68 per share, on net sales of $7.0 billion for the full year 2012. Excluding certain items, income from continuing operations as adjusted for the full year 2013 was $261.2 million or $2.23 per share compared to $179.5 million or $1.58 per share in 2012. The Glossary at the end of this press release contains further details regarding these items and all per share amounts are on a fully diluted basis. For the fourth quarter of 2013 income from continuing operations was $84.8 million, or $0.72 per share, on net sales of $1.8 billion, compared to a loss from continuing operations of $33.2 million, or $0.30 per share, on net sales of $1.6 billion, for the fourth quarter of 2012. Excluding certain items, income from continuing
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February 04, 2014
Feb. 4, 2014- Terex Corporation (NYSE:TEX) will release its fourth quarter and year-end 2013 financial results on Tuesday, February 18, 2014 after market close. The Company will host a one-hour conference call to review the financial results on Wednesday, February 19, 2014 at 8:30 a.m. EST. Ronald M. DeFeo, Chairman and CEO, will host the call. A simultaneous webcast of this call will be available on the Company’s website, www.terex.com . To listen to the call, select “Investor Relations” in the “About Terex” section on the home page and then click on the webcast microphone link. Participants are encouraged to access the call 10 minutes prior to the starting time. The call will also be archived on the Company’s website under “Audio Archives” in the “Investor Relations” section of the website. Terex Corporation is a diversified global manufacturer reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials
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