Terex Corp (NYSE:TEX)

35.69
Data as of 3:54pm ET
 +0.52 / +1.48%
Today’s Change
27.91
Today|||52-Week Range
45.46
-15.00%
Year-to-Date
SECTOR
Producer Manufacturing
INDUSTRY
Trucks/Construction/Farm Machinery
MARKET CAP
$3.9B

Company Description

TEREX Corp. is a diversified global equipment manufacturer of a variety of machinery products. The company operates through five segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Material Processing. The Aerial Work Platforms segment designs, manufactures, refurbishes, services and markets aerial work platform equipment, telehandlers, light towers, bridge inspection equipment and utility equipment. Its products include material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, trailer-mounted light towers and utility equipment, including truck-mounted digger derricks, auger drills, aerial devices and cable placers, as well as their related components and replacement parts. This segment's products are used to construct and maintain industrial, commercial and residential buildings and facilities; construct and maintain utility and telecommunication lines, trim trees, in construction and foundation drilling applications; and for other commercial operations, as well as in a wide range of infrastructure projects. It markets products under the Terex and Genie brand names. The Construction segment designs, manufactures and markets three primary categories of construction equipment and their related components and replacement parts: heavy construction equipment, including off-highway trucks, scrapers and material handlers; compact construction equipment, including loader backhoes, compaction equipment, mini and midi excavators, site dumpers, compact track loaders, skid steer loaders, wheel loaders and tunneling equipment; and road building equipment, including asphalt and concrete equipment, such as pavers, transfer devices, plants, mixers, reclaimers/stabilizers, placers and cold planers, and landfill compactors. Its products are used by construction, forestry, rental, mining, industrial and government customers in construction and infrastructure projects to build roads and bridges and in coal, minerals, sand and gravel operations. This segment markets construction products principally under the Terex brand name. The Cranes segment designs, manufactures, services and markets mobile telescopic cranes, tower cranes, lattice boom crawler cranes, lattice boom truck cranes, truck-mounted cranes and specialized port and rail equipment, including straddle and sprinter carriers, gantry cranes, mobile harbor cranes, ship-to-shore cranes, reach stackers, lift trucks and forklifts, as well as their related replacement parts and components. Its products are used primarily for construction, repair and maintenance of commercial buildings, manufacturing facilities and infrastructure, as well as for material handling at port and railway facilities. This segment markets products principally under the Terex brand name. The Material Handling & Port Solutions segment designs, manufactures, refurbishes, services and markets industrial cranes. It markets MHPS products under the Terex and Demag brand names. The Material Processing segment designs, manufactures and markets materials processing equipment, including crushers, washing systems, screens, apron feeders, chippers and related components and replacement parts. The company was founded on October 30, 1986 and is headquartered in Westport, CT.

Contact Information

Terex Corp.
200 Nyala Farm Road
Westport Connecticut 06880
P:(203) 222-7170
Investor Relations:
(203) 222-5943

Employees

Shareholders

Individual stakeholders5.07%
Other institutional49.06%
Mutual fund holders43.25%

Top Executives

Ronald M. DeFeoChairman & Chief Executive Officer
Kevin P. BradleyChief Financial Officer & Senior Vice President
Eric I. CohenSecretary, Senior Vice President & General Counsel
Mark I. ClairChief Accounting Officer, VP & Controller
Brian Jerome HenrySenior VP-Finance & Business Development

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