Terex Corp (NYSE:TEX) Q2 2022 Earnings Conference Call August 3, 2022 8:30 AM ET Company Participants Jon Paterson - VP & Treasurer John Garrison - Chairman, President & CEO Julie Beck - SVP, Finance & CFO Conference Call Participants Stephen Volkmann - Jefferies Nicole DeBlase - Deutsche Bank Stanley Elliott - Stifel, Nicolaus & Company Steven Fisher - UBS Seth Weber - Wells Fargo Securities Michael Feniger - Bank of America Merrill Lynch Tami Zakaria - JPMorgan Chase & Co. David Raso - Evercore ISI Jamie ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-10702 Terex Corporation (Exact name of registrant as specified in its charter) Delaware 34-1531521 (State of Incorporation) (IRS Employer Identification No.) 45 Glove ...

Financial Data and Key Metrics Changes - Bookings reached $1.8 billion, a 19% year-over-year increase, with a record backlog of $3.5 billion, up 17% sequentially and 73% compared to the prior year [8] - Sales for the quarter were $1 billion, up 16% year-over-year, with earnings per share of $0.74, representing a 32% increase compared to the prior year [15][36] - Operating margin improved to 7.4%, up 30 basis points year-over-year, with operating profit of $75 million compared to $62 million in the prior year [39] Business Line Data and Key Metrics Changes - The Materials Processing (MP) segment reported sales of $453 million, a 20% increase year-over-year, with a backlog of $1.2 billion, up 66% from a year ago [44] - The Aerial Work Platforms (AWP) segment had sales of $552 million, a 16% increase year-over-year, with bookings of $1.1 billion, also up 16% year-over-year [46] Market Data and Key Metrics Changes - Global demand for MP products remains strong, with a 24% increase in bookings and a record backlog of $1.2 billion [16] - AWP's backlog at the end of the quarter was $2.3 billion, up 77% from the prior year, driven by strong demand in utilities and construction sectors [46][20] Company Strategy and Development Direction - The company is focused on executing its "Execute Innovation and Growth" strategy, expanding into new markets and geographies with high growth potential, including recycling and electrification [22][23] - Recent investments include a new facility in Monterrey, Mexico, and an acquisition of a heavy fabrications manufacturer in Northern Ireland to enhance fabrication capabilities [28][27] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by geopolitical issues, inflation, and COVID-19 disruptions, particularly in China, which have impacted production and supply chains [30][31][125] - The company reaffirmed its full-year outlook, expecting operating margins to improve as price realization increases throughout the year [52][54] Other Important Information - Free cash flow for the quarter was negative $72 million, consistent with historical patterns for Q1, impacted by increased inventories [43][49] - The company has significantly reduced its gross debt by $738 million since Q1 2019, strengthening its balance sheet [51] Q&A Session Summary Question: How is the price/cost equation looking for the full year? - Management indicated that pricing actions taken in late 2021 were insufficient, necessitating further price increases in 2022 to offset inflationary pressures [66][68] Question: What was better than expected in AWP margins? - A slight increase in volume, favorable product mix, and strong expense management contributed to better-than-expected margins [74] Question: What is the volume and price mix for full year sales growth? - In Q1, approximately two-thirds of the sales growth was due to price increases, with the remainder from volume [83] Question: Can you discuss the Northern Ireland steel fabricator acquisition? - The acquisition is a vertical integration strategy to control fabrication capabilities essential for growth in the MP business [84] Question: What is the current state of the supply chain? - The supply chain remains dynamic, with no significant improvement in supplier on-time delivery performance, and ongoing challenges due to COVID-19 in China [122][125]

图 TEREX. Q1 2022 Conference Call April 29, 2022 E X E C U T E • I N N O V A T E • G R O W Forward Looking Statements Certain information in this presentation includes forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or our future financial performance that involve certain contingencies and uncertainties, including those discussed in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-10702 Terex Corporation (Exact name of registrant as specified in its charter) Delaware 34-1531521 (State of Incorporation) (IRS Employer Identification No.) 45 Glov ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-10702 TEREX CORPORATION (Exact name of registrant as specified in its charter) Delaware 34-1531521 (State of Incorporation) (IRS Employer Identification No.) 45 Glover ...

Terex Corporation (NYSE:TEX) Q4 2021 Results Earnings Conference Call February 11, 2022 8:30 AM ET Company Participants Randy Wilson - Director of Investor Relations John Garrison, Jr. - Chairman and Chief Executive Officer Julie Beck - Senior Vice President and Chief Financial Officer Conference Call Participants Stephen Volkmann - Jefferies Mircea Dobre - Robert W. Baird Stanley Elliott - Stifel Financial David Raso - Evercore ISI Jamie Cook - Credit Suisse Steven Fisher - UBS Nicole Deblase - Deutsche Ba ...

图 TEREX。 Q4 2021 Conference Call February 11, 2022 E X E C U T E • I N N O V A T E • G R O W Forward Looking Statements Certain information in this presentation includes forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or our future financial performance that involve certain contingencies and uncertainties, including those discussed ...

Terex Corporation (NYSE:TEX) Q3 2021 Earnings Conference Call October 29, 2021 8:30 AM ET Company Participants Randy Wilson – Director-Investor Relations John Garrison – Chairman and Chief Executive Officer John Duffy Sheehan – Senior Vice President and Chief Financial Officer Conference Call Participants David Raso – Evercore ISI Steve Volkmann – Jefferies Ann Duignan – JP Morgan Mig Dobre – Baird Stanley Elliott – Stifel Nicole DeBlase – Deutsche Bank Steven Fisher – UBS Tim Thein – Citi Group Jamie Cook ...

Q3 2021 Conference Call October 29, 2021 E X E C U T E • I N N O V A T E • G R O W Forward Looking Statements Certain information in this presentation includes forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or our future financial performance that involve certain contingencies and uncertainties, including those discussed in our Qua ...