Terex Corporation (TEX) has completed the previously announced acquisition of Dover Corpration's (DOV) Environmental Solutions Group ("ESG"). This adds a market leader in waste and recycling to its portfolio. It will also enhance its financial profile, including revenues, free cash flow, EBITDA margin and earnings per share. Background of the Terex-Dover Deal On July 22, 2024, TEX and Dover announced that they had inked a deal per which Terex would acquire the latter's ESG Group in a $2 billion all-cash tra ...

NORWALK, Conn., Sept. 30, 2024 /PRNewswire/ --Terex Corporation ("Terex") (NYSE:TEX) today announced that it has priced its previously announced private offering (the "Private Offering") of $750 million in aggregate principal amount of 6.250% senior notes due 2032 (the "Notes") at par. Terex intends to use the proceeds from the Private Offering, together with the new term loan borrowings described below and cash on hand, to consummate Terex's previously announced acquisition (the "Acquisition") of the subsi ...

NORWALK, Conn., Sept. 30, 2024 /PRNewswire/ -- Terex Corporation ("Terex") (NYSE:TEX) today announced that it intends to offer, subject to market and other conditions, $750 million in aggregate principal amount of senior notes due 2032 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Terex intends to use the proceeds from the Private Offering, together with the new term loan borrow ...

In April 2024, I found that Terex Corporation (NYSE: TEX ) was a wonderful company, trading with more than a 30% margin of safety at that juncture. But that was before the proposed Environmental Solutions Group ( BSc (Eng), MBA. Self-taught value investor with 2 decades of investing experience. Blogger at i4value.asia. The blog is on value investing through case studies where I analyze and value listed companies in the ASEAN and US regions. I have an exceptional perspective having served as a Board member o ...

Shares of Terex Corporation (TEX) have dipped 4% as it lowered its 2024 guidance for sales and earnings per share. TEX cited lower sales volumes in both segments as the primary reason for the downgrade. In this scenario, it will continue lowering its cost structure and adjusting production to the weak demand. Despite these challenges, Terex confirmed that the long-term outlook remains intact. It also added that it expects to close the ESG acquisition in the fourth quarter of 2024. Segment-Specific Challenge ...

NORWALK, Conn., Sept. 19, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced that it is updating its 2024 outlook. Full-year 2024 adjusted earnings per share, excluding the benefit of the recently announced Environmental Solutions Group (ESG) acquisition, is now expected to be between $5.80 and $6.20 on revenue of $4.85 to $5.05 billion. "Our channels globally made adjustments faster than we anticipated, resulting in lower than expected sales volume. In AWP, customers reduced planned deliver ...

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Terex Corporation (TEX) has announced that the mandatory 30-day waiting period under the Hart-ScottRodino Antitrust Improvements Act of 1976 related to its pending acquisition of Environmental Solutions Group ("ESG") is over. This marks an important step in the acquisition process, which will add a market leader in waste and recycling to Terex's portfolio. It will also enhance its financial profile, including revenues, free cash flow, EBITDA margin and earnings per share. Details of the Terex-Dover Deal On ...

NORWALK, Conn., Sept. 10, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act"), as amended, in connection with its previously announced acquisition of Environmental Solutions Group (ESG) from Dover Corporation. On July 22, 2024, Terex and Dover announced a definitive agreement for Terex to acquire ESG. Terex expects the agreement to close later this year, subject to the satisfaction o ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The ...