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.
Terex Corporation (NYSE: TEX) reported Q1 2022 income from continuing operations of $52.3 million, or $0.74 per share, a 32% increase year-over-year. Net sales reached $1 billion, up 16% from the prior year. The company has a record backlog of $3.5 billion, indicating strong customer demand. Operating margin improved to 7.4% with effective cost management, maintaining SG&A at 11.1% of sales. Terex reaffirms its full-year EPS outlook of $3.55 to $4.05 amidst ongoing supply chain challenges and inflationary pressures.
Terex (NYSE: TEX) announced its acquisition of Steelweld, a heavy fabrications manufacturer in Northern Ireland, on April 25, 2022. This strategic purchase aims to enhance Terex Materials Processing's fabrication capabilities, aligning with its growth strategy. The acquisition brings Steelweld's skilled workforce and strong reputation for quality and service into the Terex portfolio. The move is expected to bolster Terex's operational efficiency in materials processing, ultimately catering to a broader market with improved offerings.
Terex Corporation (NYSE: TEX) will conduct a conference call on April 29, 2022, at 8:30 a.m. ET to discuss its Q1 2022 financial results. The results will be released after market close on April 28, 2022. John L. Garrison, Jr., CEO, and Julie Beck, CFO, will lead the call. Interested participants should connect 15 minutes prior to the start. The call will be available for replay on the company’s investor relations website. Terex is a global leader in manufacturing materials processing machinery and aerial work platforms.
Terex Corporation (NYSE: TEX) will participate in a fireside chat at J.P. Morgan's 2022 Industrials Conference on March 17, 2022, at 1:20 PM ET. This event will focus on the company's operations and market strategies. Interested parties can access the live webcast on the Terex Investor Relations website. Terex is known for its innovative products in aerial work platforms and materials processing, emphasizing environmentally-friendly solutions.
Terex Corporation (NYSE: TEX) announced participation in a fireside chat at the Evercore ISI Industrial Conference, scheduled for March 1, 2022, at 2:20 PM ET. The event will be live-streamed on Terex's Investor Relations website. Terex is a leading global manufacturer specializing in aerial work platforms and materials processing machinery, focusing on products that support sustainability and environmental responsibility. The company offers a range of equipment designed for various sectors including construction and energy.
Terex Corporation (NYSE: TEX) will participate in a fireside chat at the Barclays Industrial Select Conference on February 23, 2022, at 8:00 AM ET. The event will be available via live webcast on the Terex Investor Relations website. Terex is a leading global manufacturer of aerial work platforms and materials processing machinery, focusing on reducing environmental impact through innovative products. Their solutions support various industries, including construction and energy, and are manufactured across multiple continents.
Terex Corporation (NYSE: TEX) will participate in a fireside chat at Citi's 2022 Global Industrial Tech and Mobility Conference on February 23, 2022, at 3:30 PM ET. The event will be accessible via a live webcast on the Terex Investor Relations website. Terex is a global leader in manufacturing aerial work platforms and materials processing machinery, focusing on environmentally friendly solutions. They provide products for various industries, including construction and energy, and support clients through the entire product life cycle.
Terex Corporation (NYSE: TEX) reported robust financial results for Q4 2021, earning $58 million ($0.82/share) on net sales of $990.1 million, a significant increase from $14.9 million ($0.21/share) on $786.7 million in Q4 2020. For 2021, income rose to $217.5 million ($3.07/share) on sales of $3.9 billion, compared to $9 million ($0.13/share) on $3.1 billion in 2020. The company expects 2022 sales between $4.1 to $4.3 billion with EPS of $3.55 to $4.05, backed by strong customer demand and strategic growth investments.
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.