Highest-materiality recent filing
Terex files REV historical financials and pro forma combined results post-acquisition
REV Q1 FY2026 net sales $552.1M, net income $13.3M ($0.27 diluted EPS).
Terex Q2 adjusted EPS $1.37, sales $2.2B; raises FY2026 outlook
Net sales $2.2B (+50.5% reported, +8.5% pro forma); adjusted EBITDA $269M (12.0% margin).
Terex Q1 GAAP loss $93M, adj EPS $0.98; reaffirms FY2026 outlook
Sales $1.7B (+41% reported, +11% proforma); adj EPS $0.98 vs $0.83 YoY.
Full-year 2025 sales $5.4B (+5.7% YoY); operating margin 8.8% (adj. 10.4%); FCF $325M (147% cash conversion).
Terex completes REV Group acquisition; targets $75M synergies by 2028
REV shareholders received 0.9809 Terex shares plus $8.71 cash per share.
Terex and REV Group get stockholder approvals; merger to close first week of Feb 2026
Terex stockholders approved stock issuance with >95% of votes cast in favor.
Terex Q3 sales $1.4B, adj EPS $1.50; maintains FY outlook $4.70-$5.10
Net sales $1.4B, up 14.4% YoY; adjusted EPS $1.50 vs $1.46 YoY; free cash flow $130M (200% conversion).
Terex to acquire REV Group in stock-and-cash deal; targets $75M synergies by 2028
Terex to acquire REV Group for 0.9809 TEX shares + $8.71 cash per REV share.
Terex re-prices term loan to SOFR+1.75%, reduces annual interest cost ~$3M
Term loan rate cut 25 bps from SOFR+2.00% to SOFR+1.75%, effective August 12, 2025.
Terex Q2 2025 EPS $1.09 ($1.49 adj); sales $1.5B; new $150M buyback authorized
EPS of $1.09 GAAP, adjusted $1.49; net income $72M vs $141M in Q2 2024.
Terex Q1 adj EPS $0.83 beats outlook; sales down 5% YoY; reaffirms FY EPS $4.70-$5.10
Net sales $1.2B (-4.9% YoY); GAAP EPS $0.31, adjusted EPS $0.83; maintained full-year adj EPS guidance $4.70-$5.10.
Terex announces CFO succession; Julie Beck to be replaced by Jennifer Kong
Julie Beck to step down as CFO; Jennifer Kong appointed successor after 2024 10-K filing.
Terex Q4 adjusted EPS $0.77; FY2025 EPS guidance $4.70-5.10 vs 2024 adj $6.11
Full-year 2024 sales $5.1B; GAAP EPS $4.96, adjusted EPS $6.11 (second highest in history).
Acquired Dover's Environmental Solutions Group for $2.0B cash on Oct 8, 2024; financed via $750M 6.250% Notes due 2032, $1.25B term loan, and cash.
Terex names Jennifer Kong-Picarello as CFO, succeeding Julie Beck; Beck to depart April 2025
Beck steps down as CFO after 2024 10-K filing; will leave company April 1, 2025.
Terex Q3 sales down 6% YoY to $1.2B; adjusted EPS $1.46; closes ESG acquisition
Q3 net sales $1.2B (-6% YoY); operating income $122M (10.1% margin) vs $163M (12.6%) prior year.
Terex completes $2.0B acquisition of Dover's Environmental Solutions Group
Purchase price $2.0B cash; net $1.725B after ~$275M expected tax benefits.
$750M senior notes due 2032 offered in private placement to fund Dover ESG acquisition.
Terex prices $750M 6.250% senior notes due 2032; closes Oct 8, 2024
Priced $750M aggregate principal of 6.250% senior notes due 2032 at par; expected close Oct 8, 2024.
Terex cuts 2024 adj. EPS guidance to $5.80-$6.20, lowers revenue outlook to $4.85-$5.05B
Full-year 2024 adjusted EPS (ex-ESG) expected $5.80-$6.20, revenue $4.85-$5.05B, citing lower-than-expected sales volume.
Terex amends commitment letter for Dover ESG acquisition; adds $800M revolver
Amended commitment letter provides original $1,545M commitment plus $800M incremental revolving loan facility.
Terex Q2 EPS $2.08 adj $2.16; guides FY EPS $7.15-$7.45; announces ESG acquisition
Net sales $1.4B flat YoY; income from operations $193M (14.0% margin); GAAP EPS $2.08, adjusted EPS $2.16.
Terex to acquire Dover's ESG for $2B ($1.725B net of tax benefits)
Purchase price $2B all-cash; net $1.725B after $275M present value of expected tax benefits.
Terex Q1 sales $1.3B (+5% YoY); EPS $1.60; raises FY EPS outlook to $6.95-$7.35
Q1 sales $1.3B (+4.6% YoY); operating income $158M (+7%); operating margin 12.2%.
Terex full-year sales $5.2B (+17%), EPS $7.56; guides FY24 EPS $6.85-$7.25
Full-year sales $5.2B up 17% YoY; GAAP EPS $7.56; adjusted EPS $7.06 up 63%.
Thomas J. Hansen, who served as a director of Terex Corporation (the “Company”) since 2008, did not stand for reelection at the Company’s 2024 Annual Meeting and therefore retired as a member of the Board of Directors effective May 23, 2024.
John L. Garrison, Jr. the current Chairman and Chief Executive Officer of the Company would retire from the Company effective January 1, 2024
The Board has appointed Simon Meester, the current President Aerial Work Platforms, to succeed Mr. Garrison as President and CEO, effective January 1, 2024.
John L. Garrison Jr. notified the Board of Directors (the “Board”) of Terex Corporation (“Terex” or the “Company”) of his intention to retire as Chairman, CEO and as a member of the Board, effective January 1, 2024.
Mr. Meester has also been appointed a member of the Board effective January 1, 2024.
On August 24, 2023, Terex announced that Seun Salami has been appointed to the Board of Directors (the “Board”) of Terex Corporation (“Terex” or the “Company”).
John D. Sheehan, currently Senior Vice President and Chief Financial Officer, will be stepping down from that role effective December 31, 2021 and is retiring from the Company effective April 1, 2022.
Julie A. Beck, 59, will join Terex as Senior Vice President, Finance effective November 1, 2021 and become Senior Vice President and Chief Financial Officer effective January 1, 2022.
Max materiality 0.90 · Median 0.55 · Most common event earnings