Interest / Other Expense ~$190 million11 Tax rate ~21%12 Depreciation & Amortization of ~$110 million excluding amortization pertaining to purchase price accounting13 Pro forma information presents past performance as if certain events, such as mergers, acquisitions or divestitures, had occurred at an earlier date to illustrate comparable performance.Forward-Looking StatementsCertain information in this press release includes forward-looking statements (within the meaning of Section 27A of the Securities Ac ...

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 - Terex Corporation and REV Group have entered into a definitive merger agreement to create a leading specialty equipment manufacturer, enhancing their market position and operational capabilities [1][2][4]. Strategic Rationale and Transaction Benefits - The merger will form a diversified leader in emergency, waste, utilities, environmental, and materials processing equipment, characterized by low cyclicality and resilient demand [2][6]. - The combined organization is expected to unlock significant synergies totaling $75 million in run-rate value by 2028, with approximately 50% of these synergies achieved within 12 months post-closing [3][7][16]. - Terex plans to exit its Aerials segment, further reducing exposure to cyclical markets and enhancing the overall growth profile of the combined company [3][10][16]. Financial Overview - The combined company is projected to have approximately $7.8 billion in net sales and an Adjusted EBITDA margin of around 11% as of year-end 2025, excluding synergies [10]. - The merger implies a total enterprise value of approximately $9 billion, with a net debt to trailing twelve-month pro forma Adjusted EBITDA ratio of about 2.5x, including the anticipated synergies [10][9]. - Excluding the Aerials segment and including the $75 million of synergies, the pro forma Adjusted EBITDA margin is estimated to be approximately 14% for 2025 [10]. Corporate Governance - Post-merger, the board of the combined company will consist of 12 directors, with 7 from Terex and 5 from REV Group [11]. Timing & Approvals - The transaction is expected to close in the first half of 2026, pending shareholder approval and regulatory clearance [12].

Core Insights - MSA Safety Incorporated has appointed Julie A. Beck as Senior Vice President, Chief Financial Officer, and Treasurer, effective August 18, 2025 [1] - Julie Beck has extensive experience in financial leadership, having previously served as CFO at Terex Corp. and Nova Chemicals, and brings expertise in M&A, inflation management, and business transformation [2][3] Company Overview - MSA Safety is a global leader in advanced safety products and solutions, with 2024 revenues of $1.8 billion and over 5,000 employees across more than 40 international locations [6] - The company has been focused on safety innovation since 1914, serving diverse end markets and creating sustainable value for shareholders [6] Leadership Transition - Julie Beck succeeds interim CFO Elyse Brody, who will return to her role as Executive Director, Global FP&A and Strategy [4] - Beck's leadership style emphasizes high ethical standards, personal responsibility, and a commitment to continuous improvement [4][5] Previous Experience - At Terex Corp., Beck directed financial strategies that mitigated inflation impacts and improved sales growth, EPS, and cash flow [2] - Prior to Terex, she held significant roles at Nova Chemicals and Joy Global, contributing to financial and operational excellence [3]