WESTPORT, Conn.--(BUSINESS WIRE)--May 16, 2006--Terex Corporation
(NYSE: TEX) announced today that it expects to complete and file its
Annual Report on Form 10-K for the year ended December 31, 2005, as
well as its quarterly reports on Form 10-Q for the periods ended March
31, 2005, June 30, 2005 and September 30, 2005, by the end of the day
tomorrow. Additionally, Terex expects to complete and file its Form
10-Q for the quarterly period ended March 31, 2006 in the near future.
The Company has obtained an extension of its waiver from its senior
bank lending group that allows the Company until May 31, 2006 to
provide its lenders with its financial information for the year ended
December 31, 2005.
Safe Harbor Statement
The press release contains forward-looking information based on
Terex's current expectations. Because forward-looking statements
involve risks and uncertainties, actual results could differ
materially. Actual events or the actual future results of Terex may
differ materially from any forward looking statement due to those
risks, uncertainties and significant factors. The forward-looking
statements speak only as of the date of this release. Terex expressly
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statement included in this
release to reflect any changes in Terex's expectations with regard
thereto or any changes in events, conditions, or circumstances on
which any such statement is based.
Terex Corporation is a diversified global manufacturer with 2005
revenue of approximately $6.4 billion. Terex operates in five business
segments: Terex Construction, Terex Cranes, Terex Aerial Work
Platforms, Terex Materials Processing & Mining, and Terex
Roadbuilding, Utility Products and Other. Terex manufactures a broad
range of equipment for use in various industries, including the
construction, infrastructure, quarrying, surface mining, shipping,
transportation, refining, and utility industries. Terex offers a
complete line of financial products and services to assist in the
acquisition of Terex equipment through Terex Financial Services. More
information on Terex can be found at www.terex.com.
CONTACT: Terex Corporation
Tom Gelston, Director - Investor Relations
203-222-5943
SOURCE: Terex Corporation