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) is frequently in the news as a global industrial equipment manufacturer focused on materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. Company press releases highlight developments across its Aerials, Materials Processing (MP), and Environmental Solutions (ES) segments, as well as corporate actions that shape its portfolio.
News coverage for TEX often includes quarterly earnings results, where Terex reports segment performance, bookings, margins, cash flow, and capital allocation decisions such as dividends and share repurchase authorizations. These updates provide insight into demand trends in areas like refuse collection vehicles, Terex Utilities installations, and materials processing equipment, as well as comments from management on tariffs, market conditions, and strategic priorities.
Terex news also features strategic transactions and portfolio moves. Recent examples include the agreement and subsequent completion of the sale of its Terex Tower and Rough Terrain Cranes businesses to Raimondi Cranes SpA, and the announcement of a definitive merger agreement with REV Group, Inc. to form a combined specialty equipment manufacturer. The company has additionally announced plans to initiate a process to exit its Aerials segment, reflecting an ongoing shift toward end markets it characterizes as less cyclical.
Other TEX headlines cover financing and governance updates, such as the re-pricing of its term loan to reduce interest costs, the declaration of quarterly dividends, and changes to the board of directors. Investors and observers who follow Terex news can track how these operational, financial, and strategic announcements relate to its global manufacturing footprint in North America, Europe, and Asia Pacific and its focus on environmental and digital solutions.
For users monitoring TEX, this news stream offers a centralized view of Terex’s earnings releases, transaction announcements, capital structure updates, and segment-level commentary over time.
Terex Corporation (NYSE: TEX) announced a conference call to discuss its fourth quarter and year-end 2020 financial results on February 12, 2021, at 9:00 a.m. ET. CEO John L. Garrison, Jr. will lead the discussion. Financial results will be available post-market on February 11, 2021, at investors.terex.com. Terex specializes in manufacturing aerial work platforms and materials processing machinery, with a global presence in multiple regions, including North America, Europe, and Asia.
Terex Corporation (NYSE: TEX) has appointed Christopher Rossi to its Board of Directors effective January 1, 2021. Rossi, CEO of Kennametal Inc., has a proven track record in leading business transformations and growth. He previously held senior roles at Dresser-Rand Group, where he played a key role in increasing revenue from $1 billion to $3 billion, culminating in a $7.6 billion acquisition by Siemens in 2015. His experience and leadership are expected to enhance Terex's corporate culture focused on performance and accountability.
Terex Corporation (NYSE: TEX) reported a third-quarter 2020 net income from continuing operations of $22.0 million, or $0.31 per share, compared to $52.4 million, or $0.73 per share, in Q3 2019. Net sales for the quarter reached $765.6 million, down from $1.0 billion a year earlier. The company improved its Aerial Work Platforms (AWP) segment with a 3.0% operating margin and maintained a strong 12.9% operating margin in Materials Processing (MP). Free cash flow was positive at $54 million, indicating effective cost management.
Terex Corporation (NYSE: TEX) will conduct a conference call to discuss its third quarter 2020 financial results on October 28, 2020, at 8:30 a.m. ET. The call will be led by John L. Garrison, Jr., the company's CEO. Financial results will be disclosed post-market on October 27. Interested parties are encouraged to join the webcast 15 minutes early. For more details and replay options, visit the investor relations section of Terex's website.
Terex Corporation (NYSE: TEX) reported a Q2 2020 loss from continuing operations of $(3.2) million, or $(0.05) per share, on net sales of $690.5 million. This contrasts sharply with Q2 2019's income of $81.6 million or $1.14 per share on sales of $1.3 billion. Cash flow remained positive at $71 million, ensuring liquidity of about $1 billion. The company is adjusting production in response to lower demand amid the COVID-19 pandemic but aims to align operations with customer needs and manage costs effectively for future growth.
Terex Corporation (NYSE: TEX) will conduct a conference call to discuss its second quarter 2020 financial results on July 31, 2020, at 10:00 a.m. ET. The call will be led by John L. Garrison, Jr., Chairman, President, and CEO. Financial results will be available on the company's investor website after market close on July 30, 2020. Participants are encouraged to join the webcast 15 minutes early. Terex is a global manufacturer of aerial work platforms and materials processing machinery, serving various industries worldwide.
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