TEREX COMPLETES SALE OF MIDWEST RECREATIONAL VEHICLE BUSINESS [Accessibility Statement] Skip NavigationNORWALK, Conn., Feb. 10, 2026 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced the successful sale of Midwest Automotive Designs ("Midwest") to Alliance RV, LLC. Previously, Midwest operated within the Recreational Vehicles segment of REV Group. Terex recently completed its merger with REV Group.About TerexTerex Corporation is a global leader in specialized equipment solutions, serving essenti ...

Core Viewpoint - The merger between Terex Corporation and REV Group creates a leading specialty equipment manufacturer with a diversified portfolio and strong growth prospects [1][2]. Group 1: Merger Details - The merger is described as a defining moment for Terex, creating a large-scale leader in specialty equipment with a highly synergistic portfolio [2]. - The combined company is expected to unlock significant synergies totaling $75 million in run-rate value by 2028, with approximately 50% of these synergies to be realized within the next twelve months [2]. - REV stock has ceased trading and is no longer listed on the New York Stock Exchange, with the combined entity now trading as Terex Corporation [3]. Group 2: Company Profile - Terex Corporation is a global leader in specialized equipment solutions, serving essential sectors such as emergency services, waste and recycling, utilities, and construction [5]. - The company designs and manufactures advanced specialty vehicles, including fire, ambulance, and recreational vehicles, as well as waste collection vehicles and equipment for the electric utility industry [6]. - Terex has a strong manufacturing presence in the United States and operations across Europe, India, and Asia Pacific, combining global reach with local expertise [7].

Core Viewpoint - The merger between Terex Corporation and REV Group has received necessary stockholder approvals, with the transaction expected to close in the first week of February 2026, pending remaining closing conditions [1][2]. Company Overview Terex Corporation - Terex is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry [5]. - The company focuses on providing lifecycle support and complementary digital solutions to maximize customer investment returns, including environmentally friendly products such as electric and hybrid offerings [5]. REV Group, Inc. - REV Group designs and manufactures specialty vehicles and related aftermarket parts, serving a diversified customer base primarily in the United States [6]. - The company operates through two segments: Specialty Vehicles, which includes public service vehicles, and Recreational Vehicles, which encompasses a range of RVs [6]. Merger Details - Over 95% of Terex stockholders voted in favor of the stock issuance proposal, while more than 80% of REV's outstanding shares voted in favor of the merger proposal [7]. - The merger is expected to create a stronger, more diversified company with enhanced financial flexibility and significant synergies, positioning both companies for sustainable long-term growth [2][7].

Summary of REV Group's Extraordinary General Meeting Company Overview - **Company**: REV Group (NYSE: REVG) - **Event**: 2026 Extraordinary General Meeting - **Date**: January 28, 2026 Key Points Merger Proposal - The primary agenda was the proposed merger between REV Group and Terex, with stockholders voting on the adoption of the merger agreement and the approval of the first merger [3][4] - The Board of Directors unanimously recommended a vote in favor of the merger agreement [3] Compensation Advisory - A proposal was made regarding the approval of compensation for REV Group's named executive officers related to the merger transactions, which was also unanimously recommended by the Board [4] Adjournment Proposal - The third item discussed was the proposal to approve the adjournment or postponement of the meeting if necessary to solicit additional proxies, which received unanimous support from the Board [4] Voting Results - A total of 48,806,145 shares of REV Group common stock were entitled to vote, and a quorum was present [2] - The merger agreement proposal received a majority affirmative vote, thus it was approved [7] - The advisory compensation proposal also received majority support [8] - The adjournment proposal was approved as well, allowing for potential future solicitation of proxies if needed [9] Meeting Conduct - The meeting was conducted in accordance with the agenda and rules of conduct, with stockholders able to submit questions through a web portal [5][6] - No questions were submitted during the meeting [6] Final Reporting - The final voting results will be reported on Form 8-K to the SEC within four business days following the meeting [9] Additional Notes - The meeting emphasized the importance of stockholder engagement in the merger process and the significance of their votes [1]

Core Insights - The article discusses the importance of efficiency ratios in evaluating a company's potential for profitability and stock selection [2] Efficiency Ratios - Receivables Turnover measures a company's ability to collect debts and indicates quality customers; a high ratio is desirable [3] - Asset Utilization indicates how well a company converts assets into sales; a higher ratio suggests greater efficiency [4] - Inventory Turnover assesses a company's ability to manage inventory relative to sales; a high ratio indicates effective inventory management [5] - Operating Margin reflects a company's control over operating expenses; a higher margin suggests better efficiency compared to peers [6] Screening Criteria - The screening process included a favorable Zacks Rank of 1 (Strong Buy) to enhance profitability [7] - The criteria narrowed down over 7,906 stocks to 13 based on efficiency ratios exceeding industry averages [8] Selected Companies - AtriCure (ATRC) focuses on innovative surgical devices and has an average four-quarter earnings surprise of 67.1% [11] - REV Group (REVG) designs specialty vehicles and has an average four-quarter earnings surprise of 22.1% [12] - Oceaneering International (OII) provides offshore equipment and technology solutions, with an average four-quarter earnings surprise of 12.3% [13] - Analog Devices (ADI) manufactures semiconductor devices and has an average four-quarter earnings surprise of 5.8% [14]

Core Viewpoint - The U.S. stock market experienced a decline primarily due to Nvidia's ban on H200 AI chips in China, which negatively impacted major technology stocks and bank earnings [2][10]. Market Overview - The three major U.S. stock indices fell on January 14, 2026, with Nvidia's decline leading the way, affecting other technology stocks [2]. - Major banks like Citigroup and Wells Fargo reported disappointing fourth-quarter results, contributing to the market's downturn [2]. Investment Strategy - Investors are advised to favor low-leverage stocks over high-growth technology stocks to mitigate risks associated with high-debt companies [3][10]. - Recommended companies include REV Group (REVG), TechnipFMC (FTI), Resmed (RMD), Zurn Elkay Water Solutions (ZWS), and SEI Investments (SEIC), all of which exhibit low leverage and solid growth prospects [3][10]. Significance of Low-Leverage Stocks - Leverage refers to borrowing capital for operations and expansion, typically through debt financing, which can pose risks if not managed properly [5][6]. - Companies with excessive reliance on debt financing may face significant losses during economic downturns, making low-leverage stocks a safer investment choice [6][7]. Debt Analysis - The debt-to-equity ratio is a key metric for assessing a company's financial risk, with lower ratios indicating better solvency [8]. - Investors should focus on stocks with solid earnings growth and low debt-to-equity ratios, especially during earnings seasons [8][10]. Stock Recommendations - **REV Group (REVG)**: Reported a 11.1% year-over-year increase in net sales to $664.4 million and a 62.7% surge in adjusted earnings per share [14][15]. - **TechnipFMC (FTI)**: Awarded a significant contract by BP, with a projected revenue increase of 6.6% for 2026 [16][17]. - **Resmed (RMD)**: Received FDA clearance for an AI-enabled medical device, with an expected 8.4% revenue growth for 2026 [18][19]. - **Zurn Elkay Water Solutions (ZWS)**: Recognized as one of America's Most Responsible Companies, with a projected revenue increase of 5.3% for 2026 [20][21]. - **SEI Investments (SEIC)**: Completed multiple client projects, with a forecasted revenue growth of 9.3% for 2026 [22][23].

Core Viewpoint - REV Exploration Corp. has successfully completed the acquisition of 72 mining claims and associated rights in Ontario and Quebec, enhancing its mineral exploration portfolio [1][2]. Acquisition Details - The acquisition was finalized under a mineral property purchase agreement with a third-party vendor, with REV issuing 500,000 common shares as consideration for the property [2]. - The shares issued are subject to a statutory hold period of four months and one day from the issuance date [2]. - The property is subject to a 1.5% net smelter returns royalty, calculated on the net proceeds from mineral sales after customary deductions [3]. Regulatory and Compliance - The closing of the acquisition is contingent upon customary conditions, including obtaining necessary regulatory approvals and acceptance by the TSX Venture Exchange [4]. Company Overview - REV Exploration Corp. is a mineral exploration company with a focus on gold and battery metal properties in Quebec, including notable projects in the Chibougamau Gold Camp [5]. - The company also has significant exposure to the Natural Hydrogen sector in Alberta and Saskatchewan, holding 100% of several PNG leases along the Alberta-Montana border [5].

Core Viewpoint - The proposed sale of REV Group, Inc. to Terex Corporation is under investigation to assess whether the offered consideration adequately values the company [1]. Group 1: Transaction Details - Shareholders of REV Group will receive $8.71 in cash plus 0.9809 of a share of the combined company for each share they own [1]. Group 2: Legal Investigation - Kahn Swick & Foti, LLC is investigating the adequacy of the proposed transaction and the process leading to it [1]. - The firm is seeking to determine if the consideration undervalues REV Group [1].

Company Performance - REV Group's shares have increased by 14.3% over the past month, reaching a new 52-week high of $64.57 [1] - Year-to-date, the stock has gained 4.8%, while the Zacks Auto-Tires-Trucks sector and Zacks Automotive - Domestic industry have seen gains of 13.4% and 16.3%, respectively [1] Earnings and Revenue - REV Group has consistently beaten earnings estimates, with the latest EPS reported at $0.83 against a consensus estimate of $0.78, and revenue exceeding estimates by 2.67% [2] - For the current fiscal year, the company is projected to earn $3.72 per share on revenues of $2.66 billion, reflecting a 37.78% increase in EPS and an 8.12% increase in revenues [3] - The next fiscal year forecasts earnings of $4.69 per share on revenues of $2.89 billion, indicating a year-over-year change of 26.08% in EPS and 8.32% in revenues [3] Valuation Metrics - REV Group has a Value Score of B, a Growth Score of A, and a Momentum Score of C, resulting in a combined VGM Score of A [6] - The stock trades at 17.1 times the current fiscal year EPS estimates, which is above the peer industry average of 13 times [6] - On a trailing cash flow basis, the stock trades at 20.3 times compared to the peer group's average of 8.7 times [6] Zacks Rank - REV Group holds a Zacks Rank of 2 (Buy), supported by a positive earnings estimate revision trend [7] - The company meets the criteria for investment selection, indicating potential for future growth [7] Industry Comparison - General Motors Company (GM) is a notable peer with a Zacks Rank of 1 (Strong Buy) and strong earnings performance, having beaten consensus estimates by 22.81% [8][9] - GM is expected to post earnings of $11.65 per share on revenues of $184.48 billion for the current fiscal year [9] - The Automotive - Domestic industry is performing well, ranking in the top 41% of all industries, providing favorable conditions for both REV Group and GM [10]

Core Insights - The U.S. auto industry has shown resilience in consumer demand despite volatility in sentiment and demand, with notable stock performance from companies like General Motors, Strattec Security, Garrett Motion, and REV Group, each gaining over 50% year to date [1] Industry Overview - 2025 was marked by policy uncertainty, particularly around trade and tariffs, which initially created concerns about vehicle pricing and supply chains but ultimately led to a surge in demand as consumers rushed to make purchases [4] - The mid-year surge in electric vehicle (EV) sales was driven by consumers seeking to qualify for a $7,500 federal tax credit before its expiration, resulting in the strongest quarter for EV sales [5] - Following the expiration of EV incentives, the fourth quarter saw a slowdown in demand, yet U.S. new-vehicle sales are projected to reach approximately 16.3 million units in 2025, nearly 2% higher than the previous year [6] Future Outlook - For 2026, the market is expected to stabilize with sales settling around 16 million units, driven by genuine consumer demand rather than temporary incentives [7] - Affordability will be a key theme, with higher-income buyers supporting demand for larger vehicles while cost-conscious consumers shift towards used options [8] Company Highlights - **General Motors (GM)**: The leading automaker in the U.S. with strong brand demand, upcoming product launches, and significant revenue from software offerings, including $2 billion from Super Cruise and OnStar [9][10] GM stock has increased by 55% in 2025, with a projected 13% EPS growth for 2026 [11] - **Strattec Security (STRT)**: A key player in vehicle access and security systems, transitioning towards smarter solutions and benefiting from operational efficiencies, with a stock increase of 95% in 2025 and a projected EPS of $5.24 for fiscal 2026 [12][14] - **Garrett Motion (GTX)**: Focused on advanced turbocharging and zero-emission technologies, with new contracts and a raised profit outlook, the stock has risen by 93% in 2025, with a projected 19% EPS growth for 2026 [15][17] - **REV Group (REVG)**: Specializes in manufacturing specialty vehicles and is merging with Terex to enhance market position, with expectations of $75 million in annual synergies by 2028. The stock has increased by 96% in 2025, with a projected 38% EPS growth for fiscal 2026 [18][20]