Profile
Sector:
IndustrialsIndustry:
Farm & Heavy Construction MachineryCountry:
United StatesIPO:
19 March 1980Website:
http://www.terex.comNext earnings report:
07 February 2025Last dividends:
09 August 2024Next dividends:
N/APrice
pre-market | 75 min agoAnalysts recommendations
Institutional Ownership
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TEX Latest News
While the top- and bottom-line numbers for Terex (TEX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Terex Corporation (NYSE:TEX ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Derek Everitt - VP, IR Simon Meester - President & CEO Julie Beck - SVP & CFO Conference Call Participants Clay Nelson - Goldman Sachs Brendan Shea - Morgan Stanley Steve Barger - KeyBanc Capital Markets Operator Greetings, and welcome to the Terex Third Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode.
Terex (TEX) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.75 per share a year ago.
TEX acquires Dover's Environmental Solutions Group, enhancing its presence in the waste & recycling segment.
NORWALK, Conn. , Sept. 30, 2024 /PRNewswire/ --Terex Corporation ("Terex") (NYSE:TEX) today announced that it has priced its previously announced private offering (the "Private Offering") of $750 million in aggregate principal amount of 6.250% senior notes due 2032 (the "Notes") at par.
Terex's acquisition of ESG for USD 2 billion increases financial risk due to new debt, reducing intrinsic value from USD 92 to USD 84 per share. Despite the acquisition not being value accretive, TEX still offers a 30% margin of safety at the current market price. Terex remains a strong company with the acquisition. The market has overreacted to the acquisition's impact, presenting a buying opportunity for new investors and a hold for existing shareholders.
TEX lowers its 2024 guidance, with the midpoint of the new range indicating a sales and earnings per share decline of 4% and 15%, respectively, year over year.
TEX moves closer to acquiring Dover's Environmental Solutions Group with the expiration of the 30-day waiting period under the HSR Act.
NORWALK, Conn. , Sept. 10, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act"), as amended, in connection with its previously announced acquisition of Environmental Solutions Group (ESG) from Dover Corporation.
NORWALK, Conn. , Aug. 28, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced today that company leadership will participate in a fireside chat at the Jefferies Industrials Conference.
What type of business is Terex?
Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands. Its products are used in construction, infrastructure, and recycling projects; quarrying and mining, and material handling applications; maintenance applications to lift equipment or material; and landscaping and biomass production industries. The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands. Its products include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, and scissor lifts, as well as related components and replacement parts for construction and maintenance of industrial, commercial, institutional, and residential buildings and facilities, transmission and distribution lines, construction and foundation drilling applications, and other commercial operations, as well as in tree trimming and various infrastructure projects. The company offers financing solutions to assist customers in the rental, leasing, and acquisition of its products. Terex Corporation was founded in 1933 and is based in Norwalk, Connecticut.
What sector is Terex in?
Terex is in the Industrials sector
What industry is Terex in?
Terex is in the Farm & Heavy Construction Machinery industry
What country is Terex from?
Terex is headquartered in United States
When did Terex go public?
Terex initial public offering (IPO) was on 19 March 1980
What is Terex website?
https://www.terex.com
Is Terex in the S&P 500?
No, Terex is not included in the S&P 500 index
Is Terex in the NASDAQ 100?
No, Terex is not included in the NASDAQ 100 index
Is Terex in the Dow Jones?
No, Terex is not included in the Dow Jones index
When was Terex the previous earnings report?
No data
When does Terex earnings report?
The next expected earnings date for Terex is 07 February 2025