Terex Corp Stock Price, News & Analysis

Terex Corporation (NYSE: TEX) reported Q1 2025 results with sales of $1.2 billion, down 4.9% year-over-year. The company achieved an operating margin of 5.6% (9.1% adjusted) and EPS of $0.31 ($0.83 adjusted). The newly acquired Environmental Solutions Group (ESG) business performed strongly, contributing about one-third of quarterly revenue. Bookings increased 5.3% sequentially to $1.5 billion with a book-to-bill ratio of 124%. While organic revenue declined 25% year-over-year due to channel adjustments, the company maintained its full-year 2025 adjusted EPS outlook of $4.70-$5.10. Terex's U.S.-centric operations, producing approximately 75% of U.S. equipment sales domestically, help limit exposure to international trade challenges. The company returned $43 million to shareholders through dividends and share repurchases in Q1.

Terex (NYSE: TEX) has scheduled its first quarter 2025 financial results conference call for Friday, May 2, 2025, at 8:00 a.m. Eastern Time. The earnings call will be hosted by Simon Meester, President and CEO, and Jennifer Kong-Picarello, Senior VP and CFO.

The company will release its Q1 2025 financial results on the morning of May 2, 2025, before the call, making them available on their investor relations website. Participants are advised to join the webcast 15 minutes before the start time. A replay of the webcast will be accessible at https://investors.terex.com.

Terex (NYSE: TEX) has announced that its Board of Directors has declared a quarterly dividend of $0.17 per share. The dividend will be paid on March 19, 2025 to stockholders of record at the close of business on March 7, 2025.

Terex (NYSE: TEX) reported its Q4 and full-year 2024 results, with full-year sales reaching $5.1 billion and operating margins of 10.3% (adjusted 11.3%). The company achieved full-year EPS of $4.96 (adjusted $6.11), marking the second-highest adjusted earnings in Terex history.

Q4 2024 net sales were $1.2 billion, up 2% year-over-year, driven by the Environmental Solutions Group (ESG) acquisition, which contributed strong adjusted operating margins of 21.9%. However, Materials Processing and Aerial Work Platforms segments experienced declines.

For 2025, Terex forecasts net sales between $5.3-$5.5 billion, EPS of $4.70-$5.10, and free cash flow of $300-$350 million. The company expects industry-wide channel dynamics that impacted H2 2024 to continue into H1 2025, while ESG and Terex Utilities are anticipated to maintain strong momentum.

Terex (NYSE: TEX) has scheduled its fourth quarter and year-end 2024 financial results conference call for Thursday, February 6, 2025, at 8:30 a.m. Eastern Time. The event will be hosted by Simon Meester, President and CEO, and Julie Beck, Senior VP and CFO. Financial results will be released on the morning of February 6 and will be accessible on the company's investor relations website. Participants are advised to join the webcast 15 minutes before the start time, and a replay will be available on the investor relations platform.

Terex (NYSE: TEX) has appointed Jennifer Kong-Picarello as its new Senior Vice President and Chief Financial Officer, effective February 3, 2025. Kong-Picarello will succeed Julie Beck and join the Terex Executive Leadership Team. She brings over 20 years of experience, most recently serving as SVP and CFO of Energy Management at Schneider Electric's €28B segment. Her previous roles include VP and CFO positions at Honeywell's Intelligrated division and various finance leadership positions at Tyco and Deloitte. Beck will assist with the transition until April 1 after Kong-Picarello assumes CFO duties following the filing of Terex's 2024 Annual Report.

Terex (NYSE: TEX) reported Q3 2024 results with net sales of $1.2 billion, down 6% year-over-year. Operating margin was 10.1% (10.5% adjusted), with EPS of $1.31 ($1.46 adjusted). Materials Processing segment saw declining sales, while Aerial Work Platforms showed modest growth. The company completed the acquisition of Environmental Solutions Group in October, strengthening its waste and recycling portfolio. Full-year 2024 outlook projects net sales of $5.0-$5.2 billion with adjusted EPS guidance of $5.85-$6.25.

Terex (NYSE: TEX) has announced a quarterly dividend declaration by its Board of Directors. The dividend amount is set at $0.17 per share. This dividend will be paid on December 19, 2024 to all stockholders of record as of the close of business on November 8, 2024. This announcement demonstrates Terex's commitment to providing regular returns to its shareholders.

Dover (NYSE: DOV) has completed the sale of its Environmental Solutions Group business to Terex (NYSE: TEX). The sold business was previously part of Dover's Engineered Products segment. This transaction marks the finalization of a previously announced deal, demonstrating Dover's commitment to portfolio optimization and strategic focus on its core businesses.