Terex Corp
NYSE:TEX
Terex Corp
In the world of heavy machinery, Terex Corporation stands as a pivotal player, sculpting the landscape of modern construction and infrastructure. Born out of a series of strategic acquisitions and business metamorphoses, Terex has evolved into a global manufacturer of lifting and material-handling solutions. The company crafts a suite of machinery indispensable to construction, infrastructure, and mining industries. Through their focused product lines, such as aerial work platforms and cranes, Terex empowers companies to build skyward and delve deep, making their machinery an integral part of ambitious construction projects worldwide. Their emphasis on product innovation allows them to cater to specialized industry needs, ensuring that whether it's lifting heavy beams or moving massive earth loads, their machines are up to the task.
Revenue at Terex flows from a robust business model anchored in manufacturing excellence, complemented by a global distribution network. Utilizing manufacturing facilities strategically placed across the globe, Terex achieves operational efficiency, allowing for both a reduction in costs and increased market responsiveness. This footprint aids in delivering machinery and parts quickly across its diverse client base. Beyond just selling equipment, Terex also capitalizes on after-market services, providing maintenance and parts, ensuring longevity and reliability of their machines. This comprehensive approach not only secures initial sales but fosters enduring customer relationships, creating a steady revenue stream. Terex's ability to balance innovation with reliability ensures its place at the frontline of the machinery sector, turning industrial challenges into opportunities for growth and expansion.
In the world of heavy machinery, Terex Corporation stands as a pivotal player, sculpting the landscape of modern construction and infrastructure. Born out of a series of strategic acquisitions and business metamorphoses, Terex has evolved into a global manufacturer of lifting and material-handling solutions. The company crafts a suite of machinery indispensable to construction, infrastructure, and mining industries. Through their focused product lines, such as aerial work platforms and cranes, Terex empowers companies to build skyward and delve deep, making their machinery an integral part of ambitious construction projects worldwide. Their emphasis on product innovation allows them to cater to specialized industry needs, ensuring that whether it's lifting heavy beams or moving massive earth loads, their machines are up to the task.
Revenue at Terex flows from a robust business model anchored in manufacturing excellence, complemented by a global distribution network. Utilizing manufacturing facilities strategically placed across the globe, Terex achieves operational efficiency, allowing for both a reduction in costs and increased market responsiveness. This footprint aids in delivering machinery and parts quickly across its diverse client base. Beyond just selling equipment, Terex also capitalizes on after-market services, providing maintenance and parts, ensuring longevity and reliability of their machines. This comprehensive approach not only secures initial sales but fosters enduring customer relationships, creating a steady revenue stream. Terex's ability to balance innovation with reliability ensures its place at the frontline of the machinery sector, turning industrial challenges into opportunities for growth and expansion.
Merger Announced: Terex and REV Group will merge, creating a large US-focused specialty equipment maker with $5.8 billion in pro forma sales.
Ownership & Structure: Terex shareholders will own 58% and REV shareholders 42% of the combined company; REV shareholders will also receive $425 million in cash.
Aerial Segment Exit: Terex will exit its Aerial segment via sale or spinoff, aiming to reduce cyclical risk and boost earnings predictability.
Synergy Target: At least $75 million in annual synergies are expected, with half achieved within 12 months post-closing.
Financial Profile: Combined company targets 14% EBITDA margin and 85% cash conversion, with strong balance sheet and 2.5x leverage at close.
Aftermarket & Digital: Management sees opportunity to grow aftermarket and digital revenue (e.g., 3rd Eye platform) to drive recurring sales.
Specialty Vehicles Backlog: REV Group has a $4.5 billion backlog (mostly fire trucks/ambulances) spanning 2–2.5 years.
Guidance Maintained: Terex maintains its full-year outlook following a solid quarter.
