April 25, 2024
Sales of $1.3 billion increased 5% year-over-year Income from operations of $158 million, up 7% year-over-year Operating profit margin of 12.2% improved 20 bps year-over-year Earnings per share of $1.60 Return on invested capital of 27.6%, up 370 bps from the prior year Raising full-year 2024 EPS outlook to a range of $6.95 to $7.35 Increasing full-year 2024 sales outlook to a range of $5.2 to $5.4 billion Terex Corporation (NYSE: TEX), a global manufacturer of materials processing machinery and aerial work platforms, today announced its results for the first quarter 2024. CEO Commentary "Terex delivered excellent first quarter results, achieving sales growth and margin expansion versus the prior year," said Simon Meester, Terex President and Chief Executive Officer. "The Terex team continues to perform at a high level and demonstrate the power of its focused strategy and its proven ability to create value." "We are raising our full-year outlook to reflect our strong first quarter ...
April 15, 2024
Terex Corporation (NYSE: TEX) today announced the appointment of R. Mark Cox as Senior Vice President Corporate Development, effective immediately. He will report to Simon Meester, Terex President and Chief Executive Officer, and will serve on the Company's Executive Leadership Team. He succeeds Randy S. Williamson, who is retiring. Cox is joining Terex from Trinity Industries, Inc., where since 2021 he has served as Executive Vice President of Corporate Development. Previously, over the prior 18 years, he had served in senior M&A positions with Wabtec Corporation, Eaton Corporation, and Stone Canyon Industries. He began his career in investment banking including roles with US Warburg and Prudential Securities. "I am delighted to welcome Mark to Terex. He is a seasoned executive with more than 28 years of experience in corporate development, strategy, and mergers & acquisitions with high-growth and Fortune 500 companies. I am confident he will be instrumental in helping Terex ...
April 11, 2024
Terex Corporation (NYSE: TEX) will host a conference call to review its first quarter 2024 financial results on Friday, April 26, 2024 at 8:30 a.m. Eastern Time. Simon Meester, President and Chief Executive Officer, and Julie Beck, Senior Vice President and Chief Financial Officer, will host the call. The Company's financial results will be issued and available at https://investors.terex.com after the market close on Thursday, April 25, 2024. 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 materials processing machinery and aerial work platforms. We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applications. Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid ...
March 07, 2024
Terex Corporation (NYSE: TEX) announced today that company leadership will participate in the J.P. Morgan Industrials Conference on Tuesday, March 12, 2024. Materials shared during the conference will be accessible on the Terex Investor Relations website at https://investors.terex.com . About Terex Terex is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applications. Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in North America, Europe, Australia and Asia and sold worldwide. We engage with customers through all ...
February 27, 2024
Terex Corporation (NYSE: TEX) announced today that company leadership will participate in a fireside chat at the 16th Annual Evercore ISI Industrial Conference. They will speak at 10:00 AM EST on Tuesday, March 5, 2024. About Terex Terex is a global manufacturer of materials processing machinery and aerial work platforms.  We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applications.  Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste.  Our products are manufactured in North America, Europe, Australia and Asia and sold worldwide.  We engage with customers through all stages of the product life cycle, from initial ...
February 15, 2024
Terex Corporation (NYSE: TEX) announced today that company leadership will participate in fireside chats at industrial investor conferences in February, including the Citi 2024 Global Industrial Tech and Mobility Conference and the Barclays Industrial Select Conference. Citi 2024 Global Industrial Tech and Mobility Conference – Wednesday, February 21 st at 8:50 AM EST Barclays Industrial Select Conference – Thursday, February 22 nd at 11:30 AM EST The live webcasts will be accessible on the Terex Investor Relations website at https://investors.terex.com . About Terex Terex is a global manufacturer of materials processing machinery and aerial work platforms.  We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applications.  Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free ...
February 08, 2024
Full-year sales of $5.2 billion increased 17% Q4 and full-year income from operations of $116 million and $637 million Q4 and full-year operating margins of 9.5% and 12.4% Q4 and full-year EPS of $1.88 and $7.56 Q4 and full-year results include $0.47 and $0.50 net favorable EPS impacts from non-recurring items. Excluding these items: Q4 EPS of $1.41 up 5% Full-year income from operations of $652 million up 55% Full-year operating margin of 12.7% improved 320 bps Full-year EPS of $7.06 up 63% Return on Invested Capital of 28.5% up 720 bps 2024 Outlook: Sales of $5.1 to $5.3 billion and EPS of $6.85 to $7.25 Terex Corporation (NYSE: TEX) today announced its results for the fourth quarter and full-year 2023. CEO Commentary "After five years in the organization, I am honored, humbled and excited to be Terex's next CEO. Terex is in a very good place, and I look forward to a bright future," said Terex President and Chief Executive Officer Simon Meester. He added, "We are pleased by our ...
January 18, 2024
Terex Corporation (NYSE: TEX) will host a conference call to review its fourth quarter and year-end 2023 financial results on Friday, February 9, 2024 at 8:30 a.m. Eastern Time. Simon Meester, President and Chief Executive Officer, and Julie Beck, Senior Vice President and Chief Financial Officer, will host the call. The Company's financial results will be issued and available at https://investors.terex.com after the market close on Thursday, February 8, 2024. 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 materials processing machinery and aerial work platforms. We design, build and support products used in construction, maintenance, manufacturing, energy, recycling, minerals and materials management applications. Certain Terex products and solutions enable customers to reduce their impact on the environment ...