December 14, 2020
Terex Corporation (NYSE: TEX) today announced that Christopher Rossi has been appointed to the Company's Board of Directors, effective January 1, 2021. Mr. Rossi is President and Chief Executive Officer of Kennametal Inc., a global supplier of tooling and industrial materials. Kennametal engages in the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and extreme wear applications. Since assuming the role in 2017, he has been leading the company through a series of initiatives to drive growth, simplify business processes and modernize manufacturing facilities. He will become the eighth current member of the Terex Board of Directors. "I am delighted to welcome Chris Rossi to the Terex Board of Directors," said John L. Garrison, Jr., Chairman and Chief Executive Officer and President, Terex Aerial Work Platforms. "Chris is a highly experienced leader of global businesses with a track record of
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October 27, 2020
Terex Corporation (NYSE: TEX) today announced a third quarter 2020 income from continuing operations of $22.0 million, or $0.31 per share, on net sales of $765.6 million. In the third quarter of 2019, the reported income from continuing operations was $52.4 million, or $0.73 per share, on net sales of $1.0 billion. This compares to income from continuing operations, as adjusted, of $58.9 million or $0.82 per share in the third quarter of 2019. The Glossary at the end of this press release contains further details regarding these non-GAAP measures. John L. Garrison, Jr., Terex Corporation Chairman and CEO, commented, "Our ability to execute and safely serve customers during this uncertain time drove sequentially stronger financial performance. Our results demonstrate the progress we are making to align our cost structure with the current customer demand environment. We are strategically reducing spending and consolidating our company-wide footprint. These actions will enable us to
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October 06, 2020
Terex Corporation (NYSE: TEX) will host a conference call to review its third quarter 2020 financial results on Wednesday, October 28, 2020 at 8:30 a.m. Eastern Time. John L. Garrison, Jr., Chairman, President and Chief Executive Officer, will lead the call. The Company's financial results will be issued and available at https://investors.terex.com after the market close on Tuesday, October 27, 2020. Participants are encouraged to access the webcast 15 minutes prior to the starting time. The webcast will be available for replay at https://investors.terex.com About Terex: Terex is a global manufacturer of aerial work platforms and materials processing machinery. The Company designs, builds and supports products used in construction, maintenance, manufacturing, energy, minerals, and materials management applications. Terex's products are manufactured in North and South America, Europe, Australia, and Asia and sold worldwide. The Company engages with customers through all stages of the
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July 30, 2020
Terex Corporation (NYSE: TEX) today announced a second quarter 2020 loss from continuing operations of $(3.2) million, or $(0.05) per share, on net sales of $690.5 million. In the second quarter of 2019, the reported income from continuing operations was $81.6 million, or $1.14 per share, on net sales of $1.3 billion. This compares to income from continuing operations, as adjusted, of $86.9 million or $1.21 per share in the second quarter of 2019. The Glossary at the end of this press release contains further details regarding these non-GAAP measures. John L. Garrison, Jr., Terex Corporation Chairman and CEO, commented, "We continue to vigilantly follow the necessary COVID-19 safety protocols to protect the health and safety of our team members and their families, while safely serving our customers. Our commitment to a Zero-Harm Safety Culture is resolute and I am proud of our team members' rigor in following the necessary safety protocols." Mr. Garrison continued,
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June 26, 2020
Terex Corporation (NYSE: TEX) will host a conference call to review its second quarter 2020 financial results on Friday, July 31, 2020 at 10:00 a.m. Eastern Time. John L. Garrison, Jr., Chairman, President and Chief Executive Officer, will lead the call. The Company's financial results will be issued and available at https://investors.terex.com after the market close on Thursday, July 30, 2020. Participants are encouraged to access the webcast 15 minutes prior to the starting time. The webcast will be available for replay at https://investors.terex.com About Terex: Terex is a global manufacturer of aerial work platforms and materials processing machinery. The Company designs, builds and supports products used in construction, maintenance, manufacturing, energy, minerals, and materials management applications. Terex's products are manufactured in North and South America, Europe, Australia, and Asia and sold worldwide. The Company engages with customers through all stages of the product
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June 08, 2020
Terex Corporation (NYSE:TEX) today announced that John L. Garrison, Jr., Chairman and CEO of Terex Corporation, will take on additional responsibilities as President, Terex Aerial Work Platforms (AWP), effective immediately. Matt Fearon, the current AWP President, is leaving the Company August 1 after 25 years with Terex, AWP and Genie, AWP's flagship brand. Simon A. Meester, Vice President, Global Sales and Marketing Administration for AWP, will be promoted to Chief Operating Officer, Terex Aerials. Mr. Meester and Clint Weber, General Manager of Terex Utilities, the Company's other business in the AWP segment, will both report directly to Mr. Garrison in his role as President, Terex AWP. The Terex Executive Leadership Team will continue to report to Mr. Garrison in his role as Chairman and CEO of Terex Corporation. "We thank Matt Fearon for his many contributions to Terex," Mr. Garrison said. "Matt has been a dynamic and much-admired leader who helped Genie grow from a regional
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April 30, 2020
WESTPORT, Conn., April 30, 2020 (GLOBE NEWSWIRE) - Terex Corporation (NYSE: TEX) today announced a first quarter 2020 loss from continuing operations of $(24.7) million, or $(0.35) per share, on net sales of $833.6 million. In the first quarter of 2019, the reported income from continuing operations was $57.2 million, or $0.79 per share, on net sales of $1.1 billion. This compares to income from continuing operations, as adjusted, of $62.3 million or $0.87 per share in the first quarter of 2019. The Glossary at the end of this press release contains further details regarding these non-GAAP measures.
John L. Garrison, Jr., Terex Chairman and CEO, commented, “First and foremost, we have taken measures to prioritize the health and safety of our team members, families and customers during the COVID-19 pandemic.” Mr. Garrison continued, “While the first two months of the year met our expectations, during March, global economic activity, including customer capital equipment
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April 23, 2020
WESTPORT, Conn., April 23, 2020 (GLOBE NEWSWIRE) - Terex Corporation (NYSE:TEX), a global manufacturer of aerial work platforms and materials processing equipment, is providing a business update regarding health and safety, liquidity, and cost reduction actions in response to the COVID-19 pandemic.
“We are focused on successfully navigating through this unprecedented period and are implementing substantial cost saving and operational actions to enhance liquidity and maintain financial flexibility,” stated Terex Corporation Chairman, President and CEO, John L. Garrison, Jr. “We continue to monitor our end market demand and supply chains and have developed contingency plans should future developments warrant further action.” Health & Safety Actions
Safety is and will remain the top priority of the Company. Terex has taken significant measures to protect the health and safety of its team members. These include the following actions: The Company has preparedness and
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April 17, 2020
WESTPORT, Conn., April 17, 2020 (GLOBE NEWSWIRE) - Terex Corporation (NYSE: TEX) will host a conference call to review its first quarter 2020 financial results on Friday, May 1, 2020 at 8:30 a.m. Eastern time. John L. Garrison, Jr., Chairman, President and Chief Executive Officer, will lead the call. The Company will release its financial results prior to the call.
A webcast of this call can be accessed at https://event.on24.com/wcc/r/2161188/D5A038B530ABFC5059D8F335E32AF6A2 Participants are encouraged to access the webcast 15 minutes prior to the starting time. The webcast will be available for replay at https://investors.terex.com . About Terex: Terex Corporation is a global manufacturer of lifting and materials processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company reports in two business segments: Aerial Work Platforms and Materials Processing. Terex delivers lifecycle solutions to a broad range of industries,
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April 01, 2020
WESTPORT, Conn., April 01, 2020 (GLOBE NEWSWIRE) - Terex Corporation (NYSE:TEX) announced today that Sandie O’Connor has been appointed to its Board of Directors. Ms. O’Connor recently retired as the Chief Regulatory Affairs Officer for JPMorgan Chase, a global financial services firm. In this capacity, she set the firm’s comprehensive regulatory strategy and led engagement with G-20 international standard setters, regulators and policymakers regarding evolving regulation and legislation. Using her extensive market expertise and deep understanding of capital flows, balance sheets and market liquidity she provided meaningful perspectives on impacts to clients, business activity and economic growth. Prior to this role, she held several leadership positions spanning corporate functions as well as client facing businesses including Global Treasurer and Head of Prime Services. Ms. O’Connor joined JPMorgan in 1988 and over a 30 year career, held positions of increasing responsibility within
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February 13, 2020
WESTPORT, Conn., Feb. 13, 2020 (GLOBE NEWSWIRE) - Terex Corporation (NYSE: TEX) today announced fourth quarter 2019 income from continuing operations of $18.5 million, or $0.26 per share, on net sales of $885.0 million. In the fourth quarter of 2018, the reported income from continuing operations was $19.6 million, or $0.26 per share, on net sales of $1,048.8 million. Income from continuing operations, as adjusted, for the fourth quarter of 2019 was $25.7 million, or $0.36 per share. This compares to income from continuing operations, as adjusted, of $59.3 million or $0.80 per share in the fourth quarter of 2018. The Glossary at the end of this press release contains further details regarding these non-GAAP measures.
For the full year 2019, Terex reported income from continuing operations of $209.7 million, or $2.92 per share, on net sales of $4.4 billion compared with income from continuing operations of $241.7 million, or $3.14 per share, on net sales of $4.5 billion for the
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February 11, 2020
WESTPORT, Conn., Feb. 11, 2020 (GLOBE NEWSWIRE) - Terex Corporation (NYSE:TEX) today announced that its Board of Directors declared a quarterly dividend of $0.12 per share. The dividend is to be paid on March 19, 2020 to all stockholders of record as of the close of business on March 6, 2020.
About Terex: Terex Corporation is a global manufacturer of lifting and materials processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company reports in two business segments: Aerial Work Platforms and Materials Processing. Terex delivers lifecycle solutions to a broad range of 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) to make information available to its
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February 10, 2020
WESTPORT, Conn., Feb. 10, 2020 (GLOBE NEWSWIRE) - Terex Corporation (NYSE: TEX) today announced that its Tower and Rough Terrain Cranes businesses have become part of the Materials Processing (MP) segment. Marco Gentilini, Vice President and General Manager of the Tower and Rough Terrain Cranes businesses, respectively based in Fontanafredda and Crespellano, Italy, reports to Kieran Hegarty, President of Materials Processing. The changes, effective January 1, 2020, were announced by John L. Garrison, Jr., Chairman, President and CEO of Terex Corporation.
Last summer, Terex announced plans to align all of its business operations within two business segments, Aerial Work Platforms based in Redmond, Washington and Materials Processing based in Dungannon, Northern Ireland. The alignment of the Tower and Rough Terrain Cranes into MP completes the transformation of Terex into a two-segment organization. “Consistent with our Focus, Simplify, and Execute to Win strategy, all of our
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January 29, 2020
WESTPORT, Conn., Jan. 29, 2020 (GLOBE NEWSWIRE) - Terex Corporation (NYSE: TEX) will host a one hour conference call to review its fourth quarter and year-end 2019 financial results on Friday, February 14, 2020 at 8:30 a.m. Eastern time. John L. Garrison, Jr., Chairman, President and Chief Executive Officer, will lead the call. The Company will release its financial results prior to the call.
A simultaneous webcast of this call can be accessed at https://event.on24.com/wcc/r/2150464/F663D4713F4281668542521900B7BD5F Participants are encouraged to access the webcast 15 minutes prior to the starting time. The webcast will be available for replay at https://investors.terex.com . About Terex: Terex Corporation is a global manufacturer of lifting and materials processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company reports in two business segments: Aerial Work Platforms and Materials Processing. Terex delivers lifecycle
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