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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) 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.
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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.
On November 7, 2022, Terex Corporation (NYSE: TEX) announced its participation in Baird's 2022 Global Industrial Conference, scheduled for November 9, 2022. The company will present insights regarding its materials processing machinery and aerial work platforms.
The presentation will be available through the Terex Investor Relations website. Terex is recognized for its commitment to sustainability, offering electric and hybrid products that minimize environmental impacts.
Terex Corporation (NYSE: TEX) reported a robust third quarter 2022, with sales of $1.1 billion, up 13% year-over-year, and a significant 33% growth in backlog to $3.9 billion. Income from operations soared 63% to $121 million, while the EPS increased to $1.20, reflecting a 79% rise. The company raised its full-year EPS outlook to $4.00 - $4.20. Operationally, the Materials Processing segment saw a 9.4% revenue increase, and Aerial Work Platforms reported a 15.7% growth, driven by strong demand and price realizations.
Terex Corporation (NYSE:TEX) has declared a quarterly dividend of $0.13 per share, set to be paid on December 19, 2022. This payment will benefit stockholders of record by the close of business on November 10, 2022. Terex is recognized as a global leader in manufacturing materials processing machinery, focusing on sustainable solutions and environmental impact reduction.