Terex Corp Stock Price, News & Analysis

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.

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.