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Terex Corp TEX

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$1.2 Trillion Infrastructure Deal Reached; $110 Billion Going to Roads, Bridges, and Major Projects

Dawit Woldemariam Equity Analyst

Analyst Note

| Dawit Woldemariam |

On Nov. 5, the U.S. House of Representatives passed a $1.2 trillion infrastructure bill nearly three months after the U.S. Senate approved its spending package. Lawmakers earmarked approximately $110 billion for spending on new roads, bridges, and other major infrastructure projects. Once signed into law, we believe many of the companies under our coverage will see increased demand for their products and services. That said, our forecasts already account for increased infrastructure spending over the next five years. Therefore, we are maintaining our fair value estimates for all companies set to profit from the infrastructure bill.

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Company Profile

Business Description

Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. These remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.

45 Glover Avenue, 4th Floor
Norwalk, CT, 06850
T +1 203 222-7170
Sector Industrials
Industry Farm & Heavy Construction Machinery
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 8,200