Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Terex Corporation
Type
Public
Traded as NYSE: TEX
S&P 400 Component
Industry Lifting and Material Handling
Financial Services
Founded 1933 (1933)
Founder George Armington
Headquarters Westport, Connecticut, United States
Area served
Worldwide
Key people
John L. Garrison, Jr., President and CEO
Products

Aerial work platforms
Construction equipment
Cranes
Material handling & port solutions

Materials processing
Services Financial products
Revenue US$7.3 billion (2014)
Number of employees
22,000 (2015)
Website www.terex.com

Terex Corporation is a United States worldwide manufacturer of lifting and material handling solutions for a variety of industries, including construction, infrastructure, quarrying, recycling, energy, mining, shipping, transportation, refining and utilities. The company's major business segments include aerial work platforms, construction, cranes, material handling & port solutions and materials processing. Terex has more than 22,000 employees and operates manufacturing facilities throughout the world. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services.

The Terex name has its origins as a division of General Motors. Due to a 1968 Justice Department ruling, General Motors was required to stop manufacturing and selling off-highway trucks in the United States for four years and divest the Euclid brand name. GM coined the "Terex" name in 1968 from the Latin words "terra" (earth) and "rex" (king) for its construction equipment products and trucks not covered by the ruling.

General Motors sold the Terex division to German firm IBH Holding AG in 1980. After IBH Holding AG declared bankruptcy in 1983, ownership of Terex reverted to General Motors and was organized as Terex Equipment Limited (Scotland) and Terex USA (Hudson, Ohio).

American entrepreneur Randolph W. Lenz purchased Terex USA from GM in 1986, then exercised an option to purchase Terex Equipment Limited in 1987. In 1988, Lenz merged his primary construction equipment asset, Northwest Engineering Company, into Terex Corporation, making Terex Corporation the parent corporation. The construction assets acquired by Lenz throughout the 1980s including Northwest Engineering Company, Unit Rig (brands Dart Truck Company), Terex Equipment Limited and Koehring Cranes and Excavators, Inc. all became assets of Terex Corporation.

Due to a strategy of acquisitions, Terex Corporation has owned more than 50 different brands. The period of 1996–2003 was characterized by a large number of acquisitions under president and COO Ron DeFeo, with the group buying into multiple new markets and expanding its presence in existing markets. In 1999 Terex acquired Powerscreen PLC, a Northern Ireland-based group of companies. These companies included Powerscreen International, Finlay Hydrascreens, Moffet Mountie, BL Pegson, as well as several others. Powerscreen and newly named Terex Finlay produce mobile crushing, screening, washing and recycling equipment. Their products are used in industries such as construction, quarrying, mining, landfill, aggregates, topsoil, compost/wood chips, asphalt, rock crushing, and recycling. Later in 1999, Terex went on to acquire Cedarapids which provided road-building equipment to match compaction acquisitions within the earlier deal such as Powerscreen subsidiary Benford Americas.

In 2001 Terex acquired CMI Roadbuilding. The Australian rock crusher specialist Jaques Limited was also absorbed by Terex.

In 2002, Terex acquired Genie Industries, a leading manufacturer of aerial work platforms. Genie Industries became known as the Genie brand within the aerial Work platforms segment.

Terex Corporation acquired the majority ownership (71%) of Tatra in late 2003, but as of late 2006 sold off that share to Blue River S.R.O. for about $26.2 million in cash.

Following the global financial downturn in 2008, Terex announced in February 2010 the sale of its mining equipment division to Bucyrus International Inc. for US$1.3 billion.

The exit from mining was followed by an exit from road building in 2013 when the CMI and Cedarapids units were sold to Fayat Group, the parent company of Bomag and Marini. Bomag retained joint-branding on the Asphalt Paver products, whilst the Cedarapids Asphalt Plants were moved underneath CMI. These divestitures marked the start of a series of sales to exit the construction market, announcing the sale of the former Schaeff business in Germany to Yanmar Holdings in June 2016, and the former Fermec business in Coventry, England being sold to French manufacturer Mecalac in December of that year. In March of 2017, the sale of Terex's Indian Construction arm to Manitou was announced. These business units had accounted for just 5% of group annual revenues and departing the construction sector allowed Terex to focus on their core businesses of Cranes, Aerial Platforms and Material Handling and Processing - a sector in which Terex had continued to invest with the April 2015 purchase of Continental Biomass Industries (CBI) of Newton, NH. CBI is still commonly referred to as the Heavyweight Champion of Wood Waste Grinders and is a prominent player in the manufacturing of biomass processing equipment.

GAZ Group of Russia operates a joint venture with Terex (RM-Terex). The joint venture is involved in a wide range of works in the road, civil and industrial construction, utilities, mining, forestry, oil and gas industry.

In 1992 American businessman Richard Carl Fuisz reported to the Operations Subcommittee of the House Committee on Agriculture that he witnessed the construction of military vehicles at a Terex owned facility in Scotland in 1987. Fuisz alleged that Terex employees reported that the vehicles were manufactured at the request of the CIA and British Intelligence and were destined for service with the Iraqi military. Terex denied the allegations and, in 1992, Terex filed a libel complaint against Fuisz and Seymour M. Hersh, writer of a New York Times article covering Fuisz's allegations. After several investigations, including a 16-month-long Federal task force investigation, no legal charges were filed against Terex and the New York Times, in an editor's note on December 7, 1995, said, "The article should never have suggested that Terex has ever supplied Scud missile launchers to Iraq, and The Times regrets any damage that may have resulted to Terex from any false impression the article may have caused." Subsequently, the UNMOVIC report identified TEREX as a supplier of "rocketry" materials to Iraq, according to the German Newspaper, Die Tageszeitung http://www.taz.de/1/archiv/?dig=2002/12/19/a0080

An old excavator under the Northwest name at the Pageant of Steam grounds

Terex articulated dump trucks

A TS-14b scraper in Hudson, Ohio

A Genie S-65 Boom lift on the Washington State University-Vancouver campus in Vancouver, Washington. Genie Industries is a subsidiary of Terex.

Coordinates: 41°12′54″N 81°26′16″W / 41.21488°N 81.43782°W / 41.21488; -81.43782

Investment goal date:
Dividends reinvested
Terex Corporation TEX report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-29
--
--
Q4 2017
2018-02-19
--
--
Q3 2017
2017-10-31
0.5000
0.6300
Q2 2017
2017-08-01
0.5100
0.9800
Q1 2017
2017-05-02
0.0500
-0.5700
Q4 2016
2017-02-21
0.0700
-2.9600
Q3 2016
2016-10-31
0.1900
0.3100
Q2 2016
2016-08-01
0.6400
1.0000
Q1 2016
2016-04-26
-0.0200
-0.2000
Q4 2015
2016-02-16
0.5000
0.2200
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
ALLIANCEBERNSTEIN L.P.
3095591
BlackRock Fund Advisors
4225255
BlackRock Inc.
8449356
BlackRock Institutional Trust Company, N.A.
3112932
DIMENSIONAL FUND ADVISORS LP
6444169
FULLER & THALER ASSET MANAGEMENT, INC.
1316328
GOLDMAN SACHS GROUP INC
3382945
MORGAN STANLEY
6167844
PRUDENTIAL PLC
3417000
PZENA INVESTMENT MANAGEMENT LLC
5743227
STATE STREET CORP
2746795
TCW GROUP INC
3081649
TEACHERS ADVISORS INC
1359933
TIAA CREF INVESTMENT MANAGEMENT LLC
2399917
Vanguard Group, Inc
7999378
Major Shareholders
Name Relationship
Total Shares
Holding stocks
ANDERSEN G CHRIS
42446.3594% (46691)
TEX / XPO /
COHEN ERIC I
169179.0938% (186097)
TEX /
HENRY BRIAN J
284937.2812% (313431)
TEX /
HENRY BRIAN J
284982.7188% (313481)
TEX /
DEFEO RONALD M
1000000.0000% (1403296)
KMT / TEX /
BARR KEVIN A
113717.2734% (125089)
TEX /
BARR KEVIN A
113721.8203% (125094)
TEX /
SACHS DAVID A
380760.0000% (418836)
TEX /
DEFOSSET DON
118730.0000% (130603)
ITT / NNN / RF / TEX /
FORD TIMOTHY A
54981.8203% (60480)
TEX /
HANSEN THOMAS J
34410.9102% (37852)
MWA / SXI / TEX /
SHEEHAN JOHN D
104919.0938% (115411)
MYL / TEX /
SHEEHAN JOHN D
105167.2734% (115684)
MYL / TEX /
CHOLMONDELEY PAULA H
41977.2695% (46175)
SHAFFER OREN
65580.9062% (72139)
TEX / XPO /
FILIPOV STEVE
129233.6406% (142157)
TEX /
Wang David C
54541.8203% (59996)
KLAC / TEX /
Clair Mark I
47340.9102% (52075)
TEX /
Wine Scott W.
71211.8203% (78333)
PII / TEX / USB /
Ellis George
103200.0000% (113520)
TEX /
Hegarty Kieran
131922.7344% (145115)
TEX /
Bradley Kevin
41465.4492% (45612)
TEX / X /
Lousberg Kenneth D.
76816.3594% (84498)
TEX /
FRIESEN DOUGLAS R
1641.8199% (1806)
TEX /
MARCATO CAPITAL MANAGEMENT LLC
1000000.0000% (5522651)
BWLD / CONE / TEX /
KLINKNER RAIMUND
26013.6406% (28615)
TEX /
FEARON MATTHEW
105971.8203% (116569)
TEX /
FEARON MATTHEW
111050.0000% (122155)
TEX /
GARRISON JOHN L JR
547440.9375% (602185)
TEX /
HENSEL SCOTT
17808.1797% (19589)
TEX /
HENSEL SCOTT
63287.2695% (69616)
TEX /
HEPLER MATTHEW
4790.0000% (5269)
TEX /
% ()