August 30, 2021
Terex Corporation (NYSE: TEX) announced that Darryl Niven has been appointed Vice President and General Manager of Terex Utilities, effective August 30, 2021. Niven, a business and operations leader with more than three decades of experience leading global heavy manufacturing businesses, will report to John L. Garrison, Jr., Chairman, President and CEO of Terex Corporation and will be based in Watertown, South Dakota, headquarters for Terex Utilities. "I am pleased to welcome Darryl to the Terex Utilities team," Garrison said. "He has successfully led and grown leading manufacturing businesses through all parts of the cycle. Starting out with a solid engineering foundation, he has devoted his career to building businesses serving global industrial end-markets. Darryl has developed teams that demonstrate continuous improvement, passion and resilience, while building strong relationships with stakeholders and partners." Niven most recently was Chief Manufacturing Officer, Park-Ohio ...
July 29, 2021
- Excellent quarterly financial results as end-markets are robust
- Increased financial outlook for full-year 2021
- Delivered strong, positive quarterly free cash flow
- Reduced leverage by prepayment of term loan
- Expanded crushing and screening business with a bolt-on acquisition
- Announced new Genie President  Terex Corporation (NYSE: TEX) announced second quarter 2021 income from continuing operations of $72.3 million, or $1.02 per share, on net sales of $1.0 billion. In the second quarter of 2020, the reported loss from continuing operations was ($3.2) million, or ($0.05) per share, on net sales of $690.5 million. "During the second quarter, our global team members' relentless focus on safety and disciplined execution of our strategy led to robust bookings, revenue growth and margin expansion in both of our business segments. Aerial Work Platforms (AWP) execution resulted in strong operating margins. Materials Processing (MP) had another excellent ...
July 28, 2021
John L. Garrison, Jr., Chairman, President and Chief Executive Officer of Terex Corporation (NYSE:TEX), announced today that Simon A. Meester has been appointed President of Genie, effective August 1, 2021. Meester will continue to report to Garrison and join the Company's Executive Leadership Team. Meester currently serves as Chief Operating Officer of Genie. Meester joined Genie in 2018 from Eaton Corporation, where he was Vice President and General Manager of the Industrial Control Division. Previously, he held senior roles at Caterpillar and Sandvik. Meester will continue to be based in Genie's Redmond, Wash., headquarters. "Simon's leadership has kept Genie team members safe during the pandemic, while leading key strategic initiatives to deliver quality and value for our customers," Garrison said. "He is a proven leader with a deep understanding of the business, our customers' needs, and how to drive growth. I am confident that he is the right person to lead Genie forward." ...
July 16, 2021
Terex Corporation (NYSE: TEX) announced that its Board of Directors declared a quarterly dividend of $0.12 per share. The dividend is to be paid on September 20, 2021 to all stockholders of record as of the close of business on August 12, 2021. About Terex Terex Corporation 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. The Company'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 life cycle, from initial specification and financing to parts and service support. Terex uses its website ( www.terex.com ) to make information available to its investors. Contact Information Terex Corporation
Randy Wilson
Director, Investor Relations
203-221-5415 View original ...
July 15, 2021
Terex Corporation (NYSE: TEX) will host a conference call to review its second quarter 2021 financial results on Friday, July 30, 2021 at 11:30 a.m. Eastern Time. John L. Garrison, Jr., Chairman 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 29, 2021. 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 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. The Company'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 ...
May 06, 2021
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 June 18, 2021 to all stockholders of record as of the close of business on June 4, 2021. About Terex Terex Corporation 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. The Company'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 life cycle, from initial specification and financing to parts and service support. Terex uses its website (www.terex.com) to make information available to its investors. Contact Information Terex Corporation Randy Wilson Director, Investor Relations 203-221-5415 View original content to download ...
April 29, 2021
- Strong Q1 financial results; sales and EPS exceeded expectations
- Delivered positive first quarter free cash flow
- Increased financial outlook for full-year 2021
- Enhanced capital structure Terex Corporation (NYSE: TEX) announced first quarter 2021 income from continuing operations of $39.7 million, or $0.56 per share, on net sales of $864.2 million. In the first quarter of 2020, the reported income from continuing operations was ($24.7) million, or ($0.35) per share, on net sales of $833.6 million. "Our first quarter results reflect a strong start to the year, as the global markets recover from the pandemic.  I am proud of our team members as they continue to overcome the disruptions caused by COVID-19 and deliver improved performance," said Terex Chairman and Chief Executive Officer John L. Garrison, Jr. Due to improved market conditions and operational execution, Terex increased its full-year outlook for sales to approximately $3.7 billion with an EPS range ...
April 08, 2021
Terex Corporation (NYSE: TEX) will host a conference call to review its first quarter 2021 financial results on Friday, April 30, 2021 at 9:00 a.m. Eastern Time. John L. Garrison, Jr., Chairman 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, April 29, 2021. 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 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. The Company'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 ...
April 01, 2021
Terex Corporation ("Terex") (NYSE: TEX) today announced that it has completed the issuance of $600,000,000 in aggregate principal amount of 5.00% senior notes due 2029 (the "Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. Pursuant to a previously announced notice of redemption, Terex intends to use the proceeds from the offering of the Notes, together with cash on hand, to redeem its 5.625% senior notes due 2025 (the "2025 Notes") on April 5, 2021 at a redemption price equal to 102.813% of the aggregate principal amount thereof, plus accrued and unpaid interest to the date of redemption. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes or the related guarantees in any jurisdiction, or an offer to purchase, the solicitation of an offer to sell, or a notice to redeem any of the 2025 Notes. Forward Looking Statements This press release contains ...
March 18, 2021
Terex Corporation ("Terex") (NYSE: TEX) today announced that it has priced a private offering (the "Private Offering") of $600 million in aggregate principal amount of 5.00% senior notes due 2029 (the "Notes") at par. Terex intends to use the net proceeds from the Private Offering, together with the proceeds of other anticipated new debt and cash on hand, to (i) redeem in full its 5.625% senior notes due 2025 (the "2025 Notes"), (ii) refinance all outstanding indebtedness under its existing senior secured credit facilities (the "Credit Facility Refinancing") and (iii) pay related premiums, fees, discounts and expenses. There can be no assurance that Terex will consummate the Credit Facility Refinancing on favorable terms or at all. If the Credit Facility Refinancing is not consummated, Terex intends to use the proceeds from this offering of the Notes, together with cash on hand, to fund the redemption of the 2025 Notes and to pay related premiums, fees, discounts and expenses. The ...
March 18, 2021
Terex Corporation ("Terex") (NYSE:TEX) today announced that it intends to offer, subject to market and other conditions, $600 million in aggregate principal amount of senior notes due 2029 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Terex intends to use the net proceeds from the Private Offering, together with the proceeds of other anticipated new debt and cash on hand, to (i) redeem in full its 5.625% senior notes due 2025 (the "2025 Notes"), (ii) refinance all outstanding indebtedness under its existing senior secured credit facilities (the "Credit Facility Refinancing") and (iii) pay related premiums, fees, discounts and expenses. There can be no assurance that Terex will consummate the Credit Facility Refinancing on favorable terms or at all. If the Credit Facility Refinancing is not consummated, Terex intends to use the proceeds from this offering ...
February 11, 2021
- REINSTATES QUARTERLY DIVIDEND
- PROVIDES FINANCIAL GUIDANCE FOR 2021 Terex Corporation (NYSE: TEX) today announced fourth quarter 2020 income from continuing operations of $14.9 million, or $0.21 per share, on net sales of $786.7 million.  In the fourth quarter of 2019, the reported income from continuing operations was $18.5 million, or $0.26 per share, on net sales of $885.0 million.  Income from continuing operations, as adjusted, for the fourth quarter of 2019 was $25.7 million, or $0.36 per share.  The Glossary at the end of this press release contains further details regarding these non-GAAP measures. For the full year 2020, Terex reported income from continuing operations of $9.0 million, or $0.13 per share, on net sales of $3.1 billion compared with income from continuing operations of $209.7 million, or $2.92 per share, on net sales of $4.4 billion for the full year 2019.  Income from continuing operations, as adjusted, for the full year 2019 was $233.5 million, or ...
January 12, 2021
 Terex Corporation (NYSE: TEX) will host a conference call to review its fourth quarter and year-end 2020 financial results on Friday, February 12, 2021 at 9:00 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, February 11, 2021. 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 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. The Company's products are manufactured in North and South America, Europe, Australia, and Asia and sold worldwide. The Company ...