Welcome to our dedicated page for Terex news (Ticker: TEX), a resource for investors and traders seeking the latest updates and insights on Terex stock.
Terex Corporation manufactures specialized equipment for emergency services, waste and recycling, utilities, construction, materials processing and aerial work applications. Its portfolio includes specialty vehicles such as fire and ambulance vehicles, waste collection vehicles, mobile elevating work platforms, materials processing machinery and electric utility equipment, supported by dealer, parts and service networks.
Recurring Terex news covers operating results, bookings and backlog, segment performance across Specialty Vehicles, Materials Processing, Aerials and Terex Utilities, portfolio changes following completed acquisitions or divestitures, manufacturing capacity investments, dividends and other capital-structure or governance updates.
On November 7, 2022, Terex Corporation (NYSE: TEX) announced its participation in Baird's 2022 Global Industrial Conference, scheduled for November 9, 2022. The company will present insights regarding its materials processing machinery and aerial work platforms.
The presentation will be available through the Terex Investor Relations website. Terex is recognized for its commitment to sustainability, offering electric and hybrid products that minimize environmental impacts.
Terex Corporation (NYSE: TEX) reported a robust third quarter 2022, with sales of $1.1 billion, up 13% year-over-year, and a significant 33% growth in backlog to $3.9 billion. Income from operations soared 63% to $121 million, while the EPS increased to $1.20, reflecting a 79% rise. The company raised its full-year EPS outlook to $4.00 - $4.20. Operationally, the Materials Processing segment saw a 9.4% revenue increase, and Aerial Work Platforms reported a 15.7% growth, driven by strong demand and price realizations.
Terex Corporation (NYSE:TEX) has declared a quarterly dividend of $0.13 per share, set to be paid on December 19, 2022. This payment will benefit stockholders of record by the close of business on November 10, 2022. Terex is recognized as a global leader in manufacturing materials processing machinery, focusing on sustainable solutions and environmental impact reduction.
Terex Corporation (NYSE: TEX) is set to host a conference call on October 28, 2022, at 8:30 a.m. ET to review its third quarter 2022 financial results. The call will be led by John L. Garrison, Jr., Chairman and CEO, alongside Julie Beck, CFO. The financial results will be available after market close on October 27, 2022, and participants are encouraged to join the webcast ahead of time. Terex manufactures materials processing machinery and aerial work platforms globally, focusing on sustainability through electric and hybrid options.
Terex Corporation (NYSE: TEX) reported second quarter 2022 sales of $1.1 billion, up 4% year-over-year and 9% on an FX-neutral basis. The backlog grew 51% year-over-year to $3.5 billion, indicating strong demand. Operating margin improved 220 bps to 9.6%, with EPS rising 2.5% to $1.07. Terex raised its full-year EPS outlook to $3.80-$4.20. Despite challenges like inflation and supply chain disruptions, the company is focused on sustainable growth, new technologies, and maintaining a strong balance sheet.
Terex Materials Processing has acquired ProAll, a Canadian producer of mobile volumetric concrete mixers, to enhance its product offerings in the concrete market. This acquisition enables Terex to eliminate delivery time concerns by providing make-to-order concrete on-site, tailored to specific job requirements. The deal expands Terex's presence in the US and international markets, adding a new revenue stream and opportunities for growth. Kieran Hegarty, President of Terex MP, highlighted the significant potential for expanding into new markets.
Terex Corporation (NYSE:TEX) has declared a quarterly dividend of $0.13 per share, which will be distributed on September 19, 2022. Stockholders of record as of August 12, 2022 will be eligible for this dividend. Terex is known for manufacturing materials processing machinery and aerial work platforms, serving various industries worldwide. The company also focuses on reducing environmental impacts through innovative electric and hybrid products.
Terex Corporation (NYSE: TEX) will hold a conference call on August 3, 2022, at 8:30 a.m. ET to discuss its second quarter 2022 financial results, following the release of these results after market close on August 2, 2022. The call will be led by John L. Garrison, Jr., CEO, and Julie Beck, CFO. Investors can access the webcast 15 minutes prior to the call and will also have the option to replay the webcast afterward. For more information and access to the financial results, visit Terex Investor Relations.
Terex Corporation (NYSE: TEX) will participate in a fireside chat at Stifel's 2022 Cross Sector Insight Conference, scheduled for June 8, 2022, at 9:10 AM ET. Company leadership will discuss insights relevant to the construction and manufacturing sectors. Investors can access the live webcast via the Terex Investor Relations website. Terex is known for its innovative machinery and sustainable solutions, supporting various industries while minimizing environmental impact.
Terex Corporation (NYSE: TEX) has declared a quarterly dividend of $0.13 per share, which will be paid on June 21, 2022. Shareholders of record as of the close of business on June 6, 2022 will receive this dividend. Terex is a global manufacturer involved in various sectors including construction and recycling, emphasizing products that reduce environmental impact.