Terex Corp Stock Price, News & Analysis

Terex Corporation (NYSE:TEX) has appointed Simon A. Meester as President of Genie, effective August 1, 2021. Meester, who currently serves as COO of Genie, joined the company in 2018 with previous experience at Eaton Corporation, Caterpillar, and Sandvik. He has been recognized for maintaining safety during the pandemic and implementing strategic initiatives for customer value. Terex CEO John L. Garrison, Jr. expressed confidence in Meester's ability to lead Genie forward, emphasizing his understanding of the business and customer needs.

Terex Corporation (NYSE: TEX) has declared a quarterly dividend of $0.12 per share, payable on September 20, 2021. Stockholders on record as of August 12, 2021 will receive the dividend. This decision reflects the company's commitment to returning value to its shareholders.

Terex operates globally, manufacturing aerial work platforms and materials processing machinery, and engaging with customers throughout the product life cycle.

Terex Corporation (NYSE: TEX) will hold a conference call on July 30, 2021, at 11:30 a.m. ET to discuss its second-quarter 2021 financial results. The results will be released after market close on July 29, 2021. CEO John L. Garrison, Jr. will lead the call. Participants are encouraged to join the webcast 15 minutes early. The webcast will be available for replay on the company's investor relations website.

Terex manufactures aerial work platforms and materials processing machinery, serving global markets.

Terex Corporation (NYSE:TEX) has declared a quarterly dividend of $0.12 per share. This dividend will be paid on June 18, 2021, to all shareholders who are on record as of June 4, 2021. The dividend is part of Terex's commitment to returning value to shareholders while supporting its business in manufacturing and construction.

Terex Corporation (NYSE: TEX) reported a first-quarter 2021 income from continuing operations of $39.7 million, or $0.56 per share, surpassing the prior year's loss of $24.7 million. Net sales increased to $864.2 million, driven by improved market conditions post-pandemic. The company raised its 2021 sales outlook to approximately $3.7 billion with an EPS of $2.35 to $2.55. Strong cash flow management generated $40 million of free cash flow, allowing for the prepayment of $196 million in loans. Terex aims to leverage its operational execution for growth while refinancing capital to secure favorable debt terms.

Terex Corporation (NYSE: TEX) will host a conference call on April 30, 2021, at 9:00 a.m. ET to discuss its first quarter 2021 financial results. The results will be made available on April 29, 2021, after market close. John L. Garrison, Jr., the Chairman and CEO, will lead the call. Participants are encouraged to join the webcast 15 minutes early. Terex manufactures aerial work platforms and materials processing machinery, selling its products globally. For more details, visit the investor relations page.

Terex Corporation (NYSE: TEX) has completed the issuance of $600,000,000 in 5.00% senior notes due 2029 in a private offering. The company plans to use the proceeds along with cash to redeem its 5.625% senior notes due 2025 on April 5, 2021, at a redemption price of 102.813% of the principal amount plus accrued interest. This move aims to optimize their debt structure. The release also includes forward-looking statements which identify potential risks that may impact future performance.

Terex Corporation (NYSE: TEX) announced a private offering of $600 million in 5.00% senior notes due 2029. The proceeds will primarily refinance existing debt, specifically redeeming its 5.625% senior notes due 2025 and refinancing existing senior secured credit facilities. The offering is expected to close on April 1, 2021, subject to customary conditions. The notes will be offered to qualified institutional buyers under Rule 144A and certain non-U.S. persons outside the United States.

Terex Corporation (NYSE:TEX) announced a proposed $600 million private offering of senior notes due 2029. The funds will be used to fully redeem existing 5.625% senior notes due 2025, refinance outstanding debts, and cover associated expenses. The offering is exempt from SEC registration and targeted at qualified institutional buyers. However, there is no guarantee of favorable terms for the refinancing. Forward-looking statements highlight potential risks, including market condition changes and the decision not to proceed with the offering.