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) has made an equity investment in Austin-based robotics firm Apptronik, known for developing advanced mobile robotic systems. This collaboration includes a co-development agreement aimed at creating robotic applications for Terex's product line. Terex's Chairman, John L. Garrison, Jr., highlighted the growing trend of human-centered robots and Apptronik's strategic position within it. Apptronik has notable projects, including the NASA-backed Apollo humanoid robot. This partnership aligns with Terex's mission to innovate and diversify its technological offerings in the materials processing machinery sector.
Terex Corporation (NYSE: TEX) will hold a conference call on February 10, 2023, at 8:30 a.m. ET to discuss its fourth quarter and year-end 2022 financial results. The call will be hosted by John L. Garrison, Jr. and Julie Beck. Financial results will be released after the market closes on February 9, 2023, and will be available on the company's investor relations website. Participants are encouraged to log into the webcast in advance, which will also be available for replay post-event.
Terex Corporation (NYSE: TEX) announced a new share repurchase program of up to $150 million, supplementing the remaining $43 million from its previous program. CEO John L. Garrison highlighted the company's robust balance sheet and expected free cash flow as key reasons for this decision. The share repurchase is aligned with Terex's capital allocation strategy, aimed at offsetting dilution and returning capital to shareholders. The timing will depend on liquidity and market conditions, and the program can be suspended or discontinued at any time.
Terex Corporation (NYSE: TEX) held its Investor Day on December 13, 2022, at the New York Stock Exchange, where it reiterated its 2022 guidance and announced long-term financial targets for 2027. CEO John L. Garrison, Jr. highlighted the company's operational excellence and strategic investments. Key growth areas include the Materials Processing segment, which aims for ~$1.9B in sales and 15.0%-15.3% operating margin. For 2027, Terex targets net sales of ~$6.0B+, an operating margin of 13.0%-14.0%, and EPS of $8.00-$9.50.
Summary not available.
Summary not available.
Terex Corporation (NYSE: TEX) has announced its participation in a fireside chat at Credit Suisse's 10th Annual Global Industrials Conference. The event is scheduled for December 1, 2022, at 1:15 PM ET. The live webcast can be accessed on the Terex Investor Relations website. Terex is a global manufacturer specializing in materials processing machinery, supporting various industries while focusing on sustainability through electric and hybrid products.
Terex Corporation (NYSE: TEX) will hold an Investor Day at the New York Stock Exchange on December 13, 2022, from 10:00 AM to 1:00 PM ET. The event includes presentations and a Q&A session with CEO John Garrison and CFO Julie Beck. Interested participants can register for the in-person event or watch the live webcast here. A replay will also be available on the Terex Investor Relations site post-event.
Terex Corporation (NYSE: TEX) has published its 2022 Environmental, Social and Governance (ESG) Report, emphasizing its commitment to sustainable practices. Key highlights include identifying five critical ESG areas, launching an all-electric utility truck, and achieving 15% reductions in greenhouse gas emissions and energy intensity. Notably, approximately 60% of Terex's MP and 70% of AWP products are electric or hybrid. The report aligns with multiple ESG reporting frameworks and supports the United Nations Sustainable Development Goals.
Terex Corporation (NYSE: TEX) will participate in a fireside chat at Deutsche Bank's Industrials Conference on November 15, 2022, at 7:55 AM ET. The event will be available via live webcast on Terex's Investor Relations website. Terex is a global manufacturer focused on materials processing machinery and aerial work platforms, offering products that reduce environmental impacts, including electric and hybrid options. They manufacture in North America, Europe, Australia, and Asia, supporting various industries.