Transaction expected to close in the first week of February 2026 NORWALK, Conn. and BROOKFIELD, Wis., Jan. 28, 2026 /PRNewswire/ -- Terex Corporation (NYSE: TEX) ("Terex") and REV Group, Inc. (NYSE: REVG) ("REV") today announced that they have each received the necessary stockholder approvals to complete the previously announced merger of Terex and REV at each company's Special Meeting of Stockholders held earlier today.Based on the results of the votes at each of the Terex and REV Special Meetings, the co ...

Core Insights - Terex Corporation has appointed Namita Jindal as Senior Vice President and Chief AI and Data Officer, effective immediately [1] - Jindal brings over two decades of experience in digital transformation, previously serving as Chief Information Officer at CentralSquare Technologies and holding key roles at Honeywell Intelligrated [2][3] - The appointment is expected to enhance Terex's digital strategy and operational efficiency, contributing to a more profitable company [3] Company Overview - Terex Corporation is a global manufacturer of industrial equipment, specializing in materials processing machinery, waste and recycling solutions, and mobile elevating work platforms [4] - The company designs and supports products used across various industries, including maintenance, manufacturing, energy, and construction, while also focusing on environmental sustainability through electric and hybrid offerings [4] - Terex products are manufactured in North America, Europe, and Asia Pacific, and are sold worldwide [4]

Core Insights - Terex Corporation reported solid financial performance in Q3 2025, with growth in Environmental Solutions and strong margins, despite challenging market conditions in other segments [2][4] - The company maintained its full-year EPS outlook of $4.70 to $5.10, reflecting resilience amid macroeconomic headwinds and tariff changes [4][6] Financial Performance - Q3 2025 net sales reached $1.4 billion, a 14.4% increase compared to Q3 2024, with adjusted operating profit of $168 million, or 12.1% of net sales [6][7] - Free cash flow for Q3 was $130 million, achieving a cash conversion rate of 200%, supporting capital allocation strategies [4][6] - Year-to-date bookings grew by 57% year-over-year, indicating a healthy backlog and returning to normal seasonal patterns [4][7] Segment Analysis - Aerials segment reported net sales of $537 million, down 13.2% year-over-year, with operating profit of $45 million, or 8.4% of net sales [7][22] - Materials Processing segment had net sales of $417 million, a decline of 6.1% year-over-year, with operating profit of $52 million, or 12.5% of net sales [7][22] - Environmental Solutions segment saw net sales of $435 million, up 13.6% year-over-year, with operating profit of $58 million, or 13.3% of net sales [7][22] Outlook - The company expects higher tariff-related costs in Q4 2025, estimating a full-year net unfavorable impact of tariffs on EPS to be approximately $0.70 [4][5] - Full-year 2025 outlook includes net sales of $5.3 billion to $5.5 billion, EBITDA of approximately $640 million, and free cash flow of $300 million to $350 million [5][6]

Core Points - Terex Corporation will hold a conference call to review its third quarter 2025 financial results on October 30, 2025, at 8:30 a.m. Eastern Time, hosted by the President and CEO Simon Meester and CFO Jennifer Kong-Picarello [1][4] - Financial results will be available on the company's investor relations website prior to the call, and participants are encouraged to access the webcast 15 minutes early [2] Company Overview - Terex Corporation is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry [3] - The company designs, builds, and supports products used across various sectors including maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and entertainment [3] - Terex provides lifecycle support through a global parts and services organization and offers digital solutions to maximize customer investment returns [3] - The company emphasizes environmentally friendly products, including electric and hybrid offerings that are quiet and emission-free, as well as products that support renewable energy and aid in waste recovery [3] - Terex products are manufactured in North America, Europe, and Asia Pacific, and are sold worldwide [3]

Core Points - Terex Corporation will host a conference call to discuss its third quarter 2025 financial results on October 31, 2025, at 8:30 a.m. Eastern Time [1] - The financial results will be available on the company's investor relations website prior to the call [2] Company Overview - Terex Corporation is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry [3] - The company focuses on providing lifecycle support and complementary digital solutions to maximize customer investment returns, while also offering products that reduce environmental impact, including electric and hybrid options [3] - Terex products are manufactured in North America, Europe, and Asia Pacific, and are sold worldwide [3]

Core Insights - Terex Corporation reported strong financial performance in Q2 2025, driven by the Environmental Solutions segment, which exceeded expectations despite challenges in the Aerials segment [2][5][6] - The company maintains its full-year adjusted EPS outlook of $4.70 to $5.10, reflecting confidence in its growth strategy and operational resilience [8][9] Financial Performance - Net sales for Q2 2025 were $1.5 billion, a 7.6% increase from Q2 2024, with adjusted operating profit at $164 million, or 11.0% of net sales [5][6][29] - Net income was $72 million, or $1.09 per share, compared to $141 million, or $2.08 per share in the same quarter last year [6][22] - The company generated strong free cash flow of $78 million, up from $43 million in the prior year, achieving a cash conversion rate of 108% [6][8] Business Segment Performance - The Aerials segment reported net sales of $607 million, down 17.1% year-over-year, with an operating profit margin of 7.6% [6][29] - Materials Processing segment net sales were $454 million, down 9.0% year-over-year, with an operating profit margin of 10.8% [6][29] - Environmental Solutions segment net sales increased by 12.9% year-over-year to $430 million, with an operating profit margin of 14.2% [6][29] Strategic Initiatives - The Board of Directors authorized a new share repurchase program of up to $150 million, reflecting the company's commitment to returning capital to shareholders [7] - The company continues to focus on long-term organic growth while balancing capital allocation strategies [8] Outlook - For the full year 2025, Terex expects net sales between $5.3 billion and $5.5 billion, with a segment operating margin of approximately 12% [9][10] - The company anticipates a healthy backlog and normal seasonal booking patterns to support its sales outlook for the second half of the year [8]

Company Overview - Terex Corporation is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry [3] - The company designs, builds, and supports products used across various sectors including maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry [3] - Terex provides lifecycle support through a global parts and services organization and offers digital solutions to maximize customer investment returns [3] Environmental Initiatives - Certain Terex products and solutions are designed to reduce environmental impact, including electric and hybrid offerings that provide quiet and emission-free performance [3] - The company also offers products that support renewable energy and aid in the recovery of useful materials from various types of waste [3] Financial Results Announcement - Terex Corporation will host a conference call to review its second quarter 2025 financial results on July 31, 2025, at 8:30 a.m. Eastern Time [1] - The financial results will be available on the company's investor relations website prior to the call [1]

Core Insights - Terex Corporation reported strong financial results for Q1 2025, exceeding initial expectations, primarily due to the performance of its newly acquired Environmental Solutions Group (ESG) [2][5][6] - The company anticipates a competitive position moving forward, with a focus on U.S. production to mitigate geopolitical risks [2][9] Financial Performance - Net sales for Q1 2025 were $1.229 billion, a decrease of 4.9% compared to Q1 2024 [6][29] - Adjusted EPS for Q1 2025 was $0.83, down from $1.74 in Q1 2024 [6][29] - Operating profit was $69 million, representing 5.6% of net sales, compared to $158 million or 12.2% in the prior year [6][29] Business Segment Performance - Environmental Solutions segment net sales reached $399 million, up 10.5% year-over-year, driven by strong demand for refuse collection vehicles [5][29] - Aerials segment net sales were $450 million, down 27.8% year-over-year, attributed to seasonal delivery patterns [6][29] - Materials Processing segment net sales were $382 million, down 26.5% year-over-year, reflecting lower channel requirements and end-market demand [6][29] Bookings and Outlook - Bookings for Q1 2025 were $1.5 billion, a sequential increase of 5.3%, with a book-to-bill ratio of 124% [6][29] - The company maintains its full-year adjusted EPS outlook of $4.70 to $5.10 for 2025 [10][11] Capital Allocation and Liquidity - As of March 31, 2025, Terex had liquidity of $1.1 billion, with $36 million deployed in capital expenditures during Q1 [14][29] - The company returned $43 million to shareholders through dividends and share repurchases in Q1 2025 [14][29]

Company Overview - Terex Corporation is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry [3] - The company designs, builds, and supports products used across various sectors including maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry [3] - Terex provides lifecycle support through a global parts and services organization and offers digital solutions to maximize customer investment returns [3] Environmental Initiatives - Certain Terex products and solutions are designed to reduce environmental impact, including electric and hybrid offerings that provide quiet and emission-free performance [3] - The company also supports renewable energy and aids in the recovery of useful materials from various types of waste [3] Upcoming Financial Results - Terex Corporation will host a conference call to review its first quarter 2025 financial results on May 2, 2025, at 8:00 a.m. Eastern Time [1] - The financial results will be available on the company's investor relations website prior to the call [1]