Shares of Terex Corporation (TEX) have dipped 4% as it lowered its 2024 guidance for sales and earnings per share. TEX cited lower sales volumes in both segments as the primary reason for the downgrade. In this scenario, it will continue lowering its cost structure and adjusting production to the weak demand. Despite these challenges, Terex confirmed that the long-term outlook remains intact. It also added that it expects to close the ESG acquisition in the fourth quarter of 2024. Segment-Specific Challenge ...

NORWALK, Conn., Sept. 19, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced that it is updating its 2024 outlook. Full-year 2024 adjusted earnings per share, excluding the benefit of the recently announced Environmental Solutions Group (ESG) acquisition, is now expected to be between $5.80 and $6.20 on revenue of $4.85 to $5.05 billion. "Our channels globally made adjustments faster than we anticipated, resulting in lower than expected sales volume. In AWP, customers reduced planned deliver ...

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Terex Corporation (TEX) has announced that the mandatory 30-day waiting period under the Hart-ScottRodino Antitrust Improvements Act of 1976 related to its pending acquisition of Environmental Solutions Group ("ESG") is over. This marks an important step in the acquisition process, which will add a market leader in waste and recycling to Terex's portfolio. It will also enhance its financial profile, including revenues, free cash flow, EBITDA margin and earnings per share. Details of the Terex-Dover Deal On ...

NORWALK, Conn., Sept. 10, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act"), as amended, in connection with its previously announced acquisition of Environmental Solutions Group (ESG) from Dover Corporation. On July 22, 2024, Terex and Dover announced a definitive agreement for Terex to acquire ESG. Terex expects the agreement to close later this year, subject to the satisfaction o ...

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NORWALK, Conn., Aug. 28, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced today that company leadership will participate in a fireside chat at the Jefferies Industrials Conference. They will speak at 10:25 AM EST on Thursday, September 5, 2024. About Terex Terex is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applic ...

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Shares of Terex Corporation (TEX) have moved down 19% since it reported second-quarter 2024 results on Jul 30, 2024, despite an earnings beat. Investors seem to be worried about the year-over-year declines in its top and bottom lines, reflecting lower end-market demand in Europe. TEX reported second-quarter 2024 adjusted earnings per share of $2.16, which beat the Zacks Consensus Estimate of $2.03. The bottom line fell 8.1% from the prior-year quarter. Operational Update Revenues in the reported quarter fel ...

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