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 (NYSE: TEX) provides innovative equipment solutions for construction, infrastructure, and recycling industries worldwide. This dedicated news hub offers investors and industry professionals centralized access to official announcements, strategic developments, and operational updates from the global industrial leader.
Track critical updates including quarterly earnings reports, product launches, sustainability initiatives, and leadership changes. Our curated feed ensures timely access to Terex's material processing innovations, aerial work platform advancements, and environmental solutions developments. Discover how the company's global manufacturing expertise and customer-focused engineering translate to market performance.
Key coverage areas include equipment lifecycle updates, strategic partnerships, safety certifications, and technology integrations across Terex's Materials Processing and Aerial Work Platforms segments. Bookmark this page for reliable updates on operational expansions, regulatory compliance milestones, and industry-specific solutions from a NYSE-listed industrial equipment manufacturer.
Terex Corporation (NYSE:TEX) has declared a quarterly dividend of $0.13 per share, payable on March 21, 2022. This dividend is for stockholders on record as of the close of business on March 9, 2022. The company focuses on manufacturing aerial work platforms and materials processing machinery, aiming to reduce environmental impacts through electric and hybrid products.
Terex (NYSE: TEX) announced a Series B investment in South Carolina-based Viatec, Inc., a manufacturer of electronic power take-off systems for utility fleets. Terex is the lead investor, joined by Duke Energy. This partnership aims to scale Viatec's production and enhance the electrification solutions available to utility customers. The collaboration follows years of engagement, and a Terex representative will join Viatec's board. Terex's investment reflects confidence in Viatec’s potential, bolstered by Duke Energy's prior involvement as a customer.
Terex Corporation (NYSE: TEX) is set to hold a conference call on February 11, 2022, at 8:30 a.m. ET to discuss its fourth quarter and year-end 2021 financial results. The results will be released post-market on February 10, 2022. The call will be led by John L. Garrison, Jr., Chairman and CEO, and Julie Beck, CFO. Interested participants are advised to log in 15 minutes early. The call will also be available for replay on the Terex investor relations website.
Terex Corporation (NYSE: TEX) reported Q3 2021 income from continuing operations of $47.5 million or $0.67 per share, up from $22.0 million or $0.31 per share in Q3 2020. Net sales rose to $993.8 million from $765.6 million year-over-year. Despite strong demand and growth in orders, the company faces supply chain challenges. Terex plans to implement further price increases to counteract rising costs. Full-year EPS outlook is updated to $2.75 to $2.85 on net sales of $3.85 billion. The company also reported $183 million in free cash flow year-to-date and reduced leverage by prepaying $150 million in term loans.
Terex Corporation (NYSE:TEX) has announced a quarterly dividend of $0.12 per share, payable on December 17, 2021. Shareholders of record by the close of business on November 9, 2021 are eligible for this dividend. As a global manufacturer of aerial work platforms and materials processing machinery, Terex engages in various applications including construction and manufacturing, with products sold worldwide.
Terex Corporation (NYSE: TEX) announced the appointment of Julie A. Beck as Senior Vice President and Chief Financial Officer, effective January 1, 2022. She succeeds John D. Sheehan, who is retiring after serving as CFO since 2016. Beck brings over three decades of finance experience from NOVA Chemicals and Joy Global, focusing on driving growth and digital transformation. Garrison, Chairman and CEO, expressed confidence in Beck's leadership to enhance shareholder value.
Terex Corporation (NYSE: TEX) will host a conference call on October 29, 2021, at 8:30 a.m. ET, to discuss its third quarter 2021 financial results. The results will be released after market close on October 28, 2021. John L. Garrison, Jr., Chairman and CEO, will lead the call. Interested participants can access the webcast 15 minutes prior to the start time, with a replay available afterward. Terex is a global manufacturer specializing in aerial work platforms and materials processing machinery.
Terex Corporation (NYSE: TEX) reported a strong second quarter 2021 with income from continuing operations of $72.3 million or $1.02 per share, compared to a loss of ($3.2) million or ($0.05) per share in Q2 2020. Net sales increased to $1.0 billion from $690.5 million. The company raised its full-year sales guidance to approximately $3.9 billion and EPS to $2.85 to $3.05. Free cash flow was $101 million for the quarter and $141 million year-to-date, allowing for debt prepayment. The acquisition of MDS International was completed to enhance product offerings.
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.
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