November 01, 2018
Q3 Earnings per Share $0.51, $0.68 as adjusted
Increased sales 11%, bookings 22%, and backlog 41%
AWP backlog up 48%, MP backlog up 72%
Operating margin improvement in AWP and MP WESTPORT, Conn., Nov. 01, 2018 (GLOBE NEWSWIRE) - Terex Corporation (NYSE: TEX) today announced third quarter 2018 income from continuing operations of $38.4 million, or $0.51 per share, on net sales of $1.2 billion. In the third quarter of 2017, the reported income from continuing operations, which benefited from a non-recurring interim period tax adjustment, was $56.6 million, or $0.63 per share, on net sales of $1.1 billion. Income from continuing operations, as adjusted, for the third quarter of 2018 was $51.4 million, or $0.68 per share. This compares to income from continuing operations, as adjusted, of $45.0 million or $0.50 per share in the third quarter of 2017. The Glossary at the end of this press release contains further details regarding these non-GAAP measures. “We
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October 18, 2018
WESTPORT, Conn., Oct. 18, 2018 (GLOBE NEWSWIRE) - Terex Corporation (NYSE:TEX) will host a one hour conference call to review its third quarter 2018 financial results on Friday November 2, 2018 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://investors.terex.com. Participants are encouraged to access the webcast 10 minutes prior to the starting time. The call will also be archived at the above web address. Contact Information: Terex Corporation Brian J. Henry, Senior Vice President Business Development & Investor Relations (203) 222-5954 brian.henry@terex.com https://investors.terex.com About Terex:
Terex Corporation is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on
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October 12, 2018
WESTPORT, Conn., Oct. 12, 2018 (GLOBE NEWSWIRE) - Terex Corporation (NYSE:TEX) today announced that its Board of Directors declared a quarterly dividend of $0.10 per share. The dividend is to be paid on December 19, 2018 to all stockholders of record as of the close of business on November 9, 2018.
Contact Information: Terex Corporation Brian J. Henry, Senior Vice President Business Development & Investor Relations (203) 222-5954 brian.henry@terex.com https://investors.terex.com About Terex:
Terex Corporation is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company reports in three business segments: Aerial Work Platforms, Cranes, 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
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August 15, 2018
WESTPORT, Conn., Aug. 15, 2018 (GLOBE NEWSWIRE) - Terex Corporation (NYSE:TEX) announced that John L. Garrison, Terex’s President and Chief Executive, will also assume the position of Chairman of the Board effective today. Mr. Garrison succeeds David Sachs who has been Non-Executive Chairman since January 2016 and was previously Lead Director since May 2013. With the appointment of Mr. Garrison as Chairman, Mr. Sachs will again assume the role of Lead Director.
“I would like to congratulate John on his election to serve in the additional capacity of Chairman of the Board. Under his leadership, management has taken significant steps to better position Terex for the future while executing the Company’s Focus, Simplify and Execute to Win strategy and I am convinced that the best is yet to come for John and the Terex team. John’s strong track record as CEO of Terex, coupled with his experience sitting on the Terex Board, leaves me confident that the role of Chairman will be in
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July 31, 2018
• Q2 Earnings per Share $0.73, $0.98 as adjusted
• Increased sales 19% and backlog 31%, growth in every segment
• Increased operating profit by 33%, and 41% as adjusted
• Disciplined capital allocation results in 2.9 million shares repurchased for $116 million
• Updating 2018 full year EPS guidance from $2.70 - $3.00 to $2.80 - $3.00 WESTPORT, Conn., July 31, 2018 (GLOBE NEWSWIRE) - Terex Corporation (NYSE:TEX) today announced second quarter 2018 income from continuing operations of $55.9 million, or $0.73 per share, on net sales of $1.4 billion. In the second quarter of 2017, the reported income from continuing operations was $95.4 million, or $0.98 per share, on net sales of $1.2 billion. Income from continuing operations, as adjusted, for the second quarter of 2018 was $74.9 million, or $0.98 per share. This compares to income from continuing operations, as adjusted, of $49.6 million or $0.51 per share in the second quarter of 2017. The Glossary at the end
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July 18, 2018
WESTPORT, Conn., July 18, 2018 (GLOBE NEWSWIRE) - Terex Corporation (NYSE:TEX) will host a one hour conference call to review its second quarter 2018 financial results on Wednesday, August 1, 2018 at 8:30 a.m. eastern time. John L. Garrison, Jr., 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://investors.terex.com. Participants are encouraged to access the webcast 10 minutes prior to the starting time. The call will also be archived at the above web address. Contact Information: Terex Corporation Brian J. Henry, Senior Vice President Business Development & Investor Relations (203) 222-5954 brian.henry@terex.com https://investors.terex.com About Terex:
Terex Corporation is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on investment. The
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July 12, 2018
WESTPORT, Conn., July 12, 2018 (GLOBE NEWSWIRE) - Terex Corporation (NYSE:TEX) today announced that its Board of Directors authorized a new share repurchase program of up to $300 million. The Company completed its previous share repurchase program at the end of the second quarter of 2018.
John L. Garrison, Terex President and Chief Executive Officer, stated, “During our Investor Presentation in December 2016 we committed to pursuing a disciplined capital allocation strategy that included the efficient returns of capital to shareholders through share repurchases of $1 billion to $1.5 billion through 2020. Since then, we delivered on our commitment to follow this disciplined capital allocation strategy and have returned $1.25 billion to shareholders through share repurchases, already achieving the mid-point of our range. Today’s announcement demonstrates our continued commitment to returning capital to shareholders and creating long-term shareholder value in conjunction with
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July 12, 2018
WESTPORT, Conn., July 12, 2018 (GLOBE NEWSWIRE) - Terex Corporation (NYSE:TEX) today announced that its Board of Directors declared a quarterly dividend of $0.10 share. The dividend is to be paid on September 19, 2018 to all stockholders of record as of the close of business on August 9, 2018.
Contact Information: Terex Corporation Brian J. Henry, Senior Vice President Business Development & Investor Relations (203) 222-5954 brian.henry@terex.com https://investors.terex.com About Terex:
Terex Corporation is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company reports in three business segments: Aerial Work Platforms, Cranes, 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
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May 11, 2018
Terex Corporation (NYSE:TEX) today announced that its Board of Directors declared a quarterly dividend of $0.10 per share. The dividend is to be paid on June 19, 2018 to all stockholders of record as of the close of business on June 8, 2018. About Terex: Terex Corporation is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company reports in three business segments: Aerial Work Platforms, Cranes, 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 ) and its Facebook page ( www.facebook.com/TerexCorporation ) to make information
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May 01, 2018
Q1 Earnings per Share $0.59, $0.55 as adjusted Increased sales 25% and backlog 54%, growth in every segment Disciplined capital allocation results in 5 million shares repurchased for $205 million Increasing 2018 full year EPS guidance from $2.35 - $2.65 to $2.70 - $3.00 Terex Corporation (NYSE:TEX) today announced first quarter 2018 income from continuing operations of $47.6 million, or $0.59 per share, on net sales of $1.3 billion. In the first quarter of 2017, the reported income from continuing operations was $(60.3) million, or $(0.57) per share, on net sales of $1.0 billion. Income from continuing operations, as adjusted, for the first quarter of 2018 was $44.6 million, or $0.55 per share. This compares to income from continuing operations, as adjusted, of $5.5 million or $0.05 per share in the first quarter of 2017. The Glossary at the end of this press release contains further details regarding these non-GAAP measures. “Terex significantly improved its first quarter earnings
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April 30, 2018
Terex Corporation (NYSE:TEX) today announced the appointment of Boris Schoepplein as President, Terex Parts & Services, based in Schaffhausen, Switzerland, effective June 1, 2018. He will report to John L. Garrison, President and CEO of Terex Corporation, and serve on the Company’s Executive Leadership Team. “Boris is a highly experienced general manager with a broad background in the machinery equipment industry, with strong expertise in leading global Parts and Services organizations,” Mr. Garrison said. “Parts & Services is one of the three priority areas of the Execute to Win element of the Terex strategy. Boris will play an integral role in driving the Parts and Services component of our strategy, across all of our business segments worldwide, to help us grow the business and achieve our goal of becoming the industry leader in customer satisfaction.” Mr. Schoepplein comes to Terex from AGCO Corporation, where for the past 12 years he held senior leadership roles in Parts
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April 20, 2018
Terex Corporation (NYSE:TEX) will host a one hour conference call to review its first quarter 2018 financial results on Wednesday, May 2, 2018 at 8:30 a.m. eastern time. John L. Garrison, Jr., 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://investors.terex.com, under Latest Events & Presentations. Participants are encouraged to access the webcast 10 minutes prior to the starting time. The call will also be archived at the above web address. About Terex: Terex Corporation is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company reports in three business segments: Aerial Work Platforms, Cranes, and Materials Processing. Terex delivers lifecycle solutions to a broad range of industries, including the construction, infrastructure,
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April 10, 2018
Terex Corporation (NYSE: TEX) today announced that it has increased the size of the revolving credit facility under its Credit Agreement from $450 million to $600 million. John Sheehan, Terex Senior Vice President and Chief Financial Officer said, “Today’s increase in availability of our Revolving Credit Facility makes our strong capital structure even stronger. Over the last 15 months the execution of our Disciplined Capital Allocation Strategy has resulted in Terex exceeding our Free Cash Flow expectations, providing capital to reinvest back into our businesses and return capital to shareholders. We remain fully committed to our Disciplined Capital Allocation Strategy, including achieving our 2020 targets of Free Cash Flow in excess of 100% of Net Income and average Leverage through our economic cycle of 2.5x. We look forward to continuing to use our strong capital structure and liquidity to drive value for our shareholders. Finally, we are pleased with the support demonstrated by
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February 13, 2018
Terex Corporation (NYSE: TEX) today announced fourth quarter 2017 loss from continuing operations of $31.7 million, or ($0.37) per share, on net sales of $1.1 billion. The fourth quarter and full year 2017 results include a one-time $50.4 million charge associated with the new U.S. tax law. In the fourth quarter of 2016, Terex reported a net loss from continuing operations of $313.9 million, or ($2.96) per share, on net sales of $1.0 billion. Income from continuing operations, as adjusted, for the fourth quarter of 2017 was $28.3 million, or $0.33 per share. This compares with income from continuing operations, as adjusted, of $10.7 million or $0.10 per share in the fourth quarter of 2016. The Glossary at the end of this press release contains further details regarding these non-GAAP measures. For the full year 2017, Terex reported income from continuing operations of $60.0 million, or $0.63 per share, on net sales of $4.4 billion, compared with a loss from continuing operations of
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February 09, 2018
Terex Corporation (NYSE:TEX) today announced that its Board of Directors declared a quarterly dividend of $0.10 per share. The new quarterly cash dividend is an increase of 25% over the 2017 quarterly dividend amount. The dividend is to be paid on March 19, 2018 to all stockholders of record as of the close of business on March 9, 2018. About Terex: Terex Corporation is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company reports in three business segments: Aerial Work Platforms, Cranes, 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 (
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February 07, 2018
Terex Corporation (NYSE:TEX) today announced that its Board of Directors authorized a new share repurchase program of up to $325 million. The Company completed its previous share repurchase program in the fourth quarter of 2017. John L. Garrison, Terex President and Chief Executive Officer, stated, “During our Investor Presentation in December 2016 we committed to pursuing a disciplined capital allocation strategy that included the efficient returns of capital to shareholders through share repurchases of $1 billion to $1.5 billion through 2020. In 2017, we delivered on our commitment to follow our disciplined capital allocation strategy and returned $924 million to shareholders through share repurchases. Upon completion of today’s new $325 million share repurchase authorization Terex will have purchased $1.25 billion of its outstanding shares, achieving the mid-point of our range. Today’s announcement demonstrates our continued commitment to returning capital to shareholders and
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February 01, 2018
Terex Corporation (NYSE:TEX) will host a one-hour conference call to review its fourth quarter and year-end 2017 financial results on Wednesday, February 14, 2018 at 8:30 a.m. eastern. John L. Garrison, Jr., 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 will be available on the Company’s website, www.terex.com. From the home page select Investor Relations and 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 Financial Reporting in the Investor Relations section. About Terex: Terex Corporation is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company reports in three business segments: Aerial Work Platforms, Cranes, and
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