Highest-materiality recent filing
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.
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.
Max materiality 0.90 · Median 0.60 · Most common event earnings